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Walmart Earnings in Focus After Shaky Retailer Reports This Week

EQUITIES
  • Walmart earnings in focus in 30 mins at 1200BST/0700ET - follows mixed results and a softer consumer evident in TJX, Target and Home Depot earnings this week. Markets look for US comparable sales of +5.1%, with EPS at $1.31.
  • Markets on watch to see if Walmart's staples-oriented business fares better than the discretionary slant at Target, Home Depot - both of which flagged risks to consumer spending.
  • Walmart 3% of the DJIA, 16th largest stock in the S&P500 with market cap of $403bln.

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