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The Week Ahead On The Markets


MongiIG

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The Week Ahead

Read about upcoming market-moving events and plan your trading week

 
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Week commencing 13 December

Chris Beauchamp’s insight

Global flash PMIs and decisions from the Fed, ECB and Bank of England dominate the week. In addition, we have UK CPI, employment data and retail sales. The central banks will be worth watching for the focus on any comments on upcoming changes in monetary policy, although no actual changes this week are likely. Corporate news is thinning out as we approach Christmas, with Ocado the main event of note in the UK and then FedEx and Adobe marking the end of earnings season in the US.

 

Economic reports

 

  • Weekly view

Monday

None

Tuesday

7am – UK employment data: October unemployment rate to fall to 4.2%. Markets to watch: GBP crosses

1.30pm – US PPI (November): prices to rise 0.6% MoM. Markets to watch: USD crosses

11.30pm – Australia Westpac consumer confidence (December): previous reading 105.3. Markets to watch: AUD crosses

Wednesday

2am – China industrial production, retail sales (November): sales to rise 4.8% and industrial production to rise 3.4%. Markets to watch: CNH crosses

7am – UK CPI (November): prices to rise 4.4% YoY and 1.4% MoM. Markets to watch: GBP crosses

1.30pm – US retail sales (November), Empire state mfg index (December): sales to rise 1% MoM, while the Empire mfg index rises to 31.5. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 10 December): previous week saw stockpiles fall by 240,000 barrels. Markets to watch: Brent, WTI

7pm – Fed rate decision (press conference 7.30pm): no change in rates is expected but markets are preparing for an increase in the pace of tapering, which may come as early as this month. Markets to watch: global indices, USD crosses

Thursday

12.30am – Australia employment data (November): unemployment rate to hold at 5.2%. Markets to watch: AUD crosses

8.15am – 9am – French, German PMIs (December, flash): further improvements in these PMI figures may help support the euro and European indices. Markets to watch: eurozone indices, EUR crosses

9.30am – UK PMIs (December, flash): services PMI to fall to 57.6 and mfg PMI to drop to 57.4. Markets to watch: GBP crosses

12pm – Bank of England rate decision: no change in rates expected, as the return of some Covid restrictions prompts the MPC to revise its view on the economy. Markets to watch: GBP crosses

12.45pm – ECB meeting (1.30pm press conference): rates to stay unchanged. Markets to watch: eurozone indices, EUR crosses

1.30pm – US initial jobless claims (w/e 11 December): claims to rise to 215K. Markets to watch: USD crosses

2.45pm – US services & mfg PMI (December, flash): services to fall to 57.6 and mfg to drop to 57.9. Markets to watch: USD crosses

Friday

3am – Bank of Japan rate decision: policy to remain unchanged. Markets to watch: JPY crosses

7am – UK retail sales (November): sales to rise 4% MoM. Markets to watch: GBP crosses

9am – German Ifo index (December): business climate index to fall to 94.9. Markets to watch: EUR crosses

 

Company announcements

 

Monday
13 December

Tuesday
14 December

Wednesday
15 December

Thursday
16 December

Friday
17 December

Full-year earnings    

 

Go-Ahead  
Half/ Quarterly earnings

 

Avenir Telecom Purplebricks Currys FedEx,
Adobe
 
Trading update

 

Sthree Ocado Bunzl Serco,
Petrofac
 

 

 

Dividends

FTSE 100: Assoc. British Foods, Burberry, United Utilities, B&M European Value Retail

FTSE 250: Sirius Real Estate, MITIE, Cranswick, Britvic, discoverIE, TR Property Trust, Tritax Big Box

 

Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.

 

Index adjustments

 

Monday
13 December
Tuesday
14 December
Wednesday
15 December
Thursday
16 December
Friday
17 December
Monday
20 December
FTSE 100  

 

1.80 (1.62)      
Australia 200           0.4
Wall Street 4.5          
US 500 0.81 0.10 0.20 0.14 0.04 0.34
Nasdaq 1.37   0.55     2.03
Netherlands 25            
EU Stocks 50            
China H-Shares     1.1 0.2    
Singapore Blue Chip 0.29     0.45    
Hong Kong HS50     1.9 0.4    
South Africa 40 6          
Italy 40            
Japan 225      

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