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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 31 January

Chris Beauchamp’s insight

A busy week of earnings and economic data lies ahead. Decisions from the RBA, BoE and ECB, along with the monthly US jobs reports dominate the week. Earnings season in the US continues at a high frequency, including Amazon and Alphabet, along with a host of others. In the UK telecoms firms BT and Vodafone will issue trading statements.

 

Economic reports

 

  • Weekly view

Monday

5am – Japan consumer confidence (January): index to rise to 39.5. Markets to watch: JPY crosses

10am – eurozone GDP (Q4, flash): QoQ rate to fall to 0.3% and YoY to fall to 2.9%. Markets to watch: EUR crosses

1pm – Germany inflation (January): prices to rise 5.1% YoY and 0.6% MoM. Markets to watch: EUR crosses

2.45pm – US Chicago PMI (January): index to fall to 62.5. Markets to watch: USD crosses

Tuesday

3.30am – RBA rate decision: no change in rates expected, though some hawkish commentary may help lift AUD. Markets to watch: AUD crosses

8.55am – German unemployment (January): rate to hold at 5.2%. Markets to watch: EUR crosses

10am – eurozone unemployment (December): expected to hold at 7.2%. Markets to watch: EUR crosses

3pm – US ISM mfg PMI (January): index to fall to 58.3. Markets to watch: USD crosses

Wednesday

10am – eurozone inflation (January, flash): prices expected to rise 0.3% MoM and 5.1% YoY. Markets to watch: EUR crosses

1.15pm – US ADP employment report (January): 250,000 jobs expected to have been created, down from 807,000 a month earlier. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 28 January): stockpiles rose by 2.3 million barrels in the previous week. Markets to watch: Brent, WTI

Thursday

12pm – Bank of England decision: rates expected to rise to 0.5%. Markets to watch: GBP crosses

12.45pm – ECB rate decision: policy to be left unchanged, but the 1.30pm press conference will likely discuss the high inflation readings in the eurozone at present. Markets to watch: eurozone indices, EUR crosses

1.30pm – US initial jobless claims (w/e 29 January): claims to fall to 255K. Markets to watch: USD crosses

3pm – US ISM non-mfg PMI (January): index to fall to 61.8. Markets to watch: USD crosses

Friday

1.30pm – US non-farm payrolls (January): 238K jobs expected to have been created, from 199K a month earlier. Unemployment rate to drop to 3.7%, and average hourly earnings to rise 0.5% MoM and 5.1% YoY. Markets to watch: US indices, USD crosses

1.30pm – Canada employment report (January): unemployment rate to rise to 6%. Markets to watch: CAD crosses

3pm – Canada Ivey PMI (January): index to rise to 50. Markets to watch: CAD crosses

 

Company announcements

 

 

Monday
31 January

Tuesday
1 February

Wednesday
2 February

Thursday
3 February

Friday
4 February

Full-year earnings Sthree   Imperial Brands Nokia  
Half/ Quarterly earnings

 

Ryanair General Motors,
UPS,
Amazon,
ExxonMobil,
Alphabet,
Paypal,
Alibaba
Spotify,
Qualcomm,
Ebay,
AbbVie
Shell,
Roche,
Snap,
Philip Morris,
Ford,
Merck,
Conocophillips
 
Trading update   AG Barr Severn Trent,
Vodafone
Compass,
BT
 

 

 

Dividends

FTSE 100: None

FTSE 250: GCP Infrastructure, Edinburgh Inv Trust

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
31 January
Tuesday
1 February
Wednesday
2 February
Thursday
3 February
Friday
4 February
Monday
7 February
FTSE 100  

 

       
Australia 200   0.1     0.1  
Wall Street       3.9    
US 500 0.02 0.06 0.21 0.75 0.11 0.04
Nasdaq 0.19   0.38 4.05 0.13  
Netherlands 25            
EU Stocks 50            
China H-Shares            
Singapore Blue Chip       0.08   0.02
Hong Kong HS50            
South Africa 40            
Italy 40            
Japan 225            

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