Hennington Global Markets · 2024-03-11T10:51:57.946716Z

The week summarized: Monday Oracle Corp. ($ORCL ) published quarterly results. Tuesday NFIB Small Business Optimism Index (February) Consumer Price Index (February) Quarterly results of On Holding AG ($ONON ), Kohl's ($KSS ), Manchester United PLC ($MANU ) and LoanDepot Inc. ($LDI ) Wednesday Dollar Tree ($DLTR ), Lennar Corp. ($LEN ) and Williams-Sonoma Inc. ($WSM ) publish quarterly results. Thursday Retail sales in the USA (February) Producer Price Index (February) Business inventories (January) Quarterly results from Adobe ($ADBE ), Dollar General ($DG ), Ulta Beauty Inc. ($ULTA ) and Dick's Sporting Goods Inc. ($DKS ) Friday Empire State Manufacturing Survey (March) Import Price Index (February) Industrial Production (February) Consumer sentiment (March) Capacity utilization (February) Quarterly results from Jabil Inc. ($JBL )

The week summarized:

Monday

Oracle Corp. ($ORCL (+0.47%) ) published quarterly results.

Tuesday

NFIB Small Business Optimism Index (February)
Consumer Price Index (February)
Quarterly results of On Holding AG ($ONON (+1%) ), Kohl's ($KSS (-0.43%) ), Manchester United PLC ($MANU (-1.7%) ) and LoanDepot Inc. ($LDI (+0.29%) )

Wednesday

Dollar Tree ($DLTR (+0.87%) ), Lennar Corp. ($LEN (-4.14%) ) and Williams-Sonoma Inc. ($WSM (-1.42%) ) publish quarterly results.

Thursday

Retail sales in the USA (February)
Producer Price Index (February)
Business inventories (January)
Quarterly results from Adobe ($ADBE (-2.16%) ), Dollar General ($DG (-0.06%) ), Ulta Beauty Inc. ($ULTA (+0.63%) ) and Dick's Sporting Goods Inc. ($DKS (-0.07%) )

Friday

Empire State Manufacturing Survey (March)
Import Price Index (February)
Industrial Production (February)
Consumer sentiment (March)
Capacity utilization (February)
Quarterly results from Jabil Inc. ($JBL (+0.84%) )

Hennington Global Markets@HenningtonGlobal

1Yr

In the picture: OPEC (Organization of the Petroleum Exporting Countries) is an organization of 13 oil-producing countries based in Vienna, Austria. Key member countries include Saudi Arabia, Iran, Iraq, Venezuela and the United Arab Emirates.

OPEC's main task is to coordinate the production volumes of its member countries in order to influence the global oil market and oil prices. By setting production quotas, OPEC can control supply and demand on the oil market and thus influence prices. This power enables the organization to exert both economic and political influence, which can have a global impact.

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