Tesco and Virgin Money release earnings next week, UK GDP and US rate decision.

From Proactive Investors: 2024-06-07 09:41:00

Tesco, the UK’s largest grocer, is set to release its latest earnings report next week. Analysts are expecting strong results from the company as it continues to benefit from increased demand during the pandemic.

The UK’s GDP growth for the first quarter will also be released next week, giving insight into the country’s economic recovery. Economists are optimistic about the figures, expecting a significant jump in growth compared to the previous quarter.

Halma, a global safety, health, and environmental technology company, will be announcing its full-year results next week. Investors will be looking for updates on the company’s performance and growth prospects in the current market environment.

The US Federal Reserve will announce its interest rate decision next week, with expectations for continued monetary policy support. Investors will be closely watching for any hints about future rate hikes or changes in the Fed’s stance on inflation and economic recovery.

Virgin Money, a UK-based bank, will be releasing its half-year results next week. Analysts will be looking for insights into the bank’s performance amid challenging market conditions and expectations for future growth and profitability.



Read more at Proactive Investors: Tesco, GDP, Halma, US rate decision, Virgin Money and more: Week ahead – Proactive Investors USA