Broadcom Inc (NASDAQ:AVGO, ETR:1YD) reports second-quarter earnings on June 12 with comment from the chipmaker about artificial intelligence and completion from NVIDIA key to how markets react.
Strength from AI demand and the company's 2022 acquisition VMWare are expected to overcome the drag from legacy businesses, analysts at Bank of America reckon.
US inflation is unlikely to soften this week or over the coming months to enable the Federal Reserve to cut interest rates before December, Bank of America has predicted.
One of the most closely watched economic data releases this week will be the consumer price index (CPI) for May, which will be published on Wednesday ahead of the Fed decision that evening.
Barclays has issued a research note forecasting slower growth for Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) due to continued destocking of cold and flu products and a sluggish recovery in infant formula.
The investment banking arm of the high street lender now expects organic sales growth of 0.4% for the second quarter, down from the previous estimate of 1.6%.
Bellway PLC (LSE:BWY) is one of the best positioned among the housebuilders to recover once conditions in the market improve - but that is unlikely to be for at least a year, believes Deutsche Bank
In a trading update last week, Bellway indicated sales rates are improving year-on-year with outlets up against a difficult planning environment.
Shares in Just Eat Takeaway.com NV were up 3.5% in morning trading after a City broker turned 'buyer' on stock in the food delivery group.
Panmure Gordon has provided an analysis of the business, focusing on its subsidiary, GrubHub.
Deutsche Bank has updated its forecasts for copper prices and earnings estimates for companies in Europe and North America.
Since early March, the price of the red metal has surged due to factors such as improving global economic growth, excitement surrounding artificial intelligence, and increased speculative trading.