Tuesday preview: JP Morgan, Goldman Sachs and Burberry in focus

(Sharecast News) - The market spotlight on Tuesday will shift towards the US, with a barrage of economic and corporate reports scheduled for release.
Among the former, readings on retail sales and industrial production are due out at 1330 BST, alongside quarterly earnings reports from JP Morgan, Goldman Sachs and Netflix.

Also scheduled for throughout the day are speeches from various top Federal Reserve officials, including chairman Jerome Powell himself at 1800 BST, from Paris.

In the UK, the May employment report is set for release at 0930 BST.

And across the Channel, at 1000 BST, the ZEW institute will release its economic confidence index for Germany referencing the month of July.

In the UK corporate arena and for Burberry's first quarter trading update, analysts at Deutsche Bank anticipate comparable sales growth of 2%, helped by a gradual ramp-up of the Tisci's collection over the quarter, with strength in the UK but weakness across the Pond.

Analyst Francesa DiPasquantonio was also anticipating 2% like-for-like growth in Asia Pacific, impacted a bit by the protests in Hong Kong.

She was expecting the fashion giant to reiterate its full-year guidance.

Tuesday July 16

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Capacity Utilisation (US) (14:15)

Import and Export Price Indices (US) (13:30)

Industrial Production (US) (14:15)

Retail Sales (US) (13:30)

ZEW Survey (EU) - Economic Sentiment (10:00)

ZEW Survey (GER) - Current Situation (10:00)

ZEW Survey (GER) - Economic Sentiment (10:00)

FINALS

Gateley (Holdings)

ANNUAL REPORT

Oracle Power

AGMS

APQ Global Limited, Axiom European Financial Debt Fund Limited, HICL Infrastructure , OnTheMarket, Seneca Global Income & Growth Trust, Wynnstay Properties

TRADING ANNOUNCEMENTS

Cloudcall Group, Hays

UK ECONOMIC ANNOUNCEMENTS

Claimant Count Rate (09:30)

FINAL DIVIDEND PAYMENT DATE

Pets at Home Group