Tuesday preview: Netflix earnings, UK jobs data in focus

(Sharecast News) - Tuesday will see the release of fourth-quarter earnings from streaming giant Netflix, as well as the latest UK jobs data. Kathleen brooks, research director at XTB, said analysts are expecting a solid fourth-quarter report from Netflix on the back of a strong content slate at the end of 2025.

"The stock is down 6% year-to-date, and where it goes next could depend on whether the company makes an update about its plans to try and acquire Warner Bros," she said. "This will be the key focus on the earnings call, and investors will be watching closely to see if Netflix is willing to increase its offer price, and if it addresses any regulatory risks that the deal could face."

On home shores, trading updates are due from QinetiQ, Kier and Gear4Music. On Monday, defence technology firm QinetiQ said it had secured a five-year extension worth £205m with the UK Ministry of Defence (MOD), to continue to deliver mission critical engineering services for the Royal Air Force's Typhoon aircraft.

In the US, quarterly results are due from 3M and Fifth Third Bancorp.

On the macro front, investors will turn their attention to the UK unemployment rate and average earnings for November, which will be released at 0700 GMT.

Brooks said the unemployment rate for the three months to November is expected to inch lower to 5% from 5.1%, which is still high compared to recent years. "Earnings growth is expected to edge lower, led by the private sector, and payrolled employees are expected to decline for the fourth straight month in December," she said.

"A sharper decline in the jobless figures or a surprise pick up in the unemployment rate could see a rush to price in more rate cuts from the BOE. Currently there are 1.8 cuts priced in by the market, but a weak labour market reading could push this up to 2 or even more, which may weigh on the pound even further."

Also on Tuesday, the latest policy decision from the People's Bank of China will be announced, along with the German ZEW survey for January.

Tuesday January 20

INTERIMS

Kromek Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Producer Price Index (GER) (07:00)

ZEW Survey (EU) - Economic Sentiment (10:00)

ZEW Survey (GER) - Current Situation (10:00)

ZEW Survey (GER) - Economic Sentiment (10:00)

Q3

Big Yellow Group

SPECIAL DIVIDEND PAYMENT DATE

Pembroke Vct B

AGMS

Goldplat

TRADING ANNOUNCEMENTS

4Imprint Group, Cairn Homes (CDI), Gear4music (Holdings), Kier Group, QinetiQ Group