IG’s week ahead: RBA rate decision; BP, McDonald’s, Disney, Ford earnings
Earnings for the fourth quarter continue with all-sessions stocks including McDonald’s (MCD), Walt Disney (DIS), and Ford (F). In the UK BP comes out with its Q4 earnings as does TotalEnergies. Will they both follow Shell in its $3.5 billion share buyback? On the economic agenda there’s a rate decision from the Reserve Bank of Australia (RBA) where AUD/USD will be the focus as inflation continues to dissipate, but not as fast as some have been hoping. What will this do to Australian rates? Then there’s PMI data in the services sector in both China and the US.