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The Week Ahead On The Markets


MongiIG

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Week commencing 3 January

Chris Beauchamp’s insight

The first week of the new year begins quietly, but it rapidly heats up. Key data such as China PMI figures and US ISM numbers are matched by the monthly US ADP and NFP reports, as the focus on the global economy and inflation returns. Corporate news remains quiet, although UK retail giant Next is the first of the sector to provide an update on the all-important Christmas trading period. Video

IG trading the markets.PNG

 

Economic reports

 

  • Weekly view

Monday

UK bank holiday

Tuesday

1.45am – China Caixin mfg PMI (December): expected to rise to 50. Markets to watch: CNH crosses

8.55am – German unemployment (December): rate to hold at 5.3%. Markets to watch: EUR crosses

3pm – ISM mfg PMI (December): index to fall to 60.2. Markets to watch: USD crosses

Wednesday

5am – Japanese consumer confidence (December): index to rise to 39.8. Markets to watch: JPY crosses

1.15pm – US ADP employment report (December): after last month’s strong 534K number, the figure is expected to grow at 495K. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 31 December): stockpiles fell by 3.5 million barrels in the previous week. Markets to watch: Brent, WTI

7pm – FOMC minutes: covering December’s meeting, these will look at the increased pace of tapering. Markets to watch: US indices, USD crosses

Thursday

1.45am – China Caixin services PMI (December): index forecast to rise to 52.2. Markets to watch: China indices, CNH crosses

1pm – German CPI (December): prices to rise 5.2% YoY and 0.4% MoM. Markets to watch: EUR crosses

1.30pm – US trade balance (November), initial jobless claims (w/e 1 January): trade deficit to widen to $70 billion. Jobless claims to rise to 205K from 198K. Markets to watch: USD crosses

3pm – US ISM non-mfg PMI (December): index expected to fall to 66.8. Markets to watch: US indices, USD crosses

Friday

10am – eurozone inflation (December, flash): prices to rise 4.7% YoY. Markets to watch: EUR crosses

1.30pm – US non-farm payrolls (December): 400K jobs expected to have been created, from 210K a month earlier. Unemployment rate to fall to 4.1% while average hourly earnings rise 0.4% MoM and 4.1% YoY. Markets to watch: US indices, USD crosses

3pm – Canada Ivey PMI (December): index to fall to 61. Markets to watch: CAD crosses

 

Company announcements

 

Monday
3 January

Tuesday
4 January

Wednesday
5 January

Thursday
6 January

Friday
7 January

Full-year earnings    

 

   
Half/ Quarterly earnings

 

    Purplebricks Constellation Brands,
Walgreens Boots Alliance,
Bed Bath & Beyond
 
Trading update

 

      Clarkson,
Greggs,
Next
 

 

 

Dividends

FTSE 100: AVEVA, Auto Trader, Experian

FTSE 250: Qinetiq, Workspace, Brewin Dolphin, AJ Bell, Murray Int’l Trust, Ferrexpo, Impax

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.

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