Primark owner Associated British Foods PLC (LSE:ABF) continues the retail theme from recent weeks.
It is predicted to have enjoyed a strong December in the UK at its fast fashion chain and its grocery brands are also expected to have benefited from inflation.
Across the Pond, Microsoft Corporation (NASDAQ:MSFT) carries the big tech earnings season into this week, fresh from cutting 10,000 jobs.
Back in October, markets were disappointed by a lacklustre first quarter that saw profits fall due to a combination of higher costs and softer demand, while second quarter numbers might also see talk about its acquisition of a stake in ChatGPT operator OpenAI.
“The implications of the underlying technology could be far reaching and this deal, along with the implied valuation of OpenAI, mark a potential turning point for broader adoption of artificial intelligence,” said analyst Matt Britzman at Hargreaves Lansdown.
Redmond’s earnings announcement follows the closing bell in New York, while before the open there will be numbers from 3M, GE, J&J and Verizon.
In macro news there is a fresh round of PMI surveys for the major economies’ services and manufacturing sectors for the first weeks of January.
Significant announcements
Finals: Oxford BioDynamics PLC (AIM:OBD), Sureserve Group, Velocity Composites PLC
Interims: Accrol Group Holdings PLC (AIM:ACRL)
Trading updates: Associated British Foods PLC (LSE:ABF), Boot (Henry) PLC, Staffline Group PLC (AIM:STAF)
AGMs: C4X Discovery Holdings PLC (AIM:C4XD), Marstons PLC
Economic updates: PMI Composite (UK), PMI Manufacturing (UK), PMI Services (UK), PMI composite (US), PMI Manufacturing (US), PMI Services (US), Public Sector Net Borrowing (UK)
US earnings Tuesday: Microsoft, Verizon, 3M Co (NYSE:MMM), General Electrics, Johnson & Johnson (NYSE:JNJ), Intuitive Surgical (NASDAQ:ISRG)