The Week Ahead: US Retail Sales, Coinbase IPO; Tesco, US Banks’ Results – Investing.com UK

The Week Ahead: US Retail Sales, Coinbase IPO; Tesco, US Banks’ Results – Investing.com UK

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Read our pick of the top stories to look out for this week (12-16 April), and view our key company earnings schedule.

(March)

Tuesday: The Chinese economy finished 2020 on a strong note, its surplus hitting a record high in December. The strength was primarily a result of the continued lockdowns in the rest of the world, which led exports of PPE and other medical-related products do well. As vaccines continue to get rolled out across the world this trend could slow in the coming months.

In the most recent China trade data for February, we saw a big rebound in exports as global demand continued to show resilience. Exports rose 18.1% and while it can be argued that the number was flattering due to the China lockdown at the beginning of last year, which shut factories down, the direction of travel still looks impressive. Imports also beat expectations, rising 6.5% in a sign that domestic demand is also recovering, a good omen for the retail sales numbers that came later. Expectations around this week's numbers are likely to be similarly bullish, as global demand continues to pick up.

JD Sports full-year results

Tuesday: Another retailer that has managed to ride out the worst