The Week Ahead On The Markets
Entry posted by MongiIG in Market News
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The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 28 February
Chris Beauchamp’s insight
It is a busy week of data and earnings. Additional PMI readings from the US and China are joined by the monthly ADP and NFP reports for the US, providing the chance for further market volatility. Meanwhile, a host of earnings reports include full-year results from a variety of sectors, such as housebuilders, asset managers and also ITV, as well as some of the last US earnings reports for this season.
Economic reports
- Weekly view
Monday
2.45pm – US Chicago PMI (February): index to fall to 62.5. Markets to watch: USD crosses
Tuesday
1.30am – China PMI (February): mfg PMI to rise to 51.2 and non-mfg PMI to fall to 50.9. Markets to watch: China indices, CNH crosses
1.45am – China Caixin mfg PMI (February): index to rise to 49.7. Markets to watch: CNH crosses
3.30am – RBA rate decision: no change in rates expected. Markets to watch: AUD crosses
1pm – German inflation (February, preliminary): prices to rise 5.1% YoY. Markets to watch: EUR crosses
1.30pm – Canada GDP (Q4): QoQ rate to rise to 1.6%. Markets to watch: CAD crosses
3pm – US ISM mfg PMI (February): index to rise to 58. Markets to watch: USD crosses
Evening – President Biden to deliver State of the Union address
Wednesday
12.30am – Australia GDP (Q4): YoY rate to fall to 2.6%. Markets to watch: AUD crosses
8.55am – German unemployment (February): rate to hold at 5.1%. Markets to watch: EUR crosses
10am – eurozone CPI (February, flash): prices to rise 5.2% YoY and 0.4% MoM. Markets to watch: EUR crosses
1.15pm – US ADP employment report (February): after last month’s sharp decline, 323K jobs are expected to have been created. Markets to watch: US indices, USD crosses
3pm – Bank of Canada rate decision: rates to rise to 0.5% from 0.25%. Markets to watch: CAD crosses
3.30pm – US EIA crude oil inventories (w/e 25 February). Markets to watch: Brent, WTI
Thursday
1.45am – China Caixin services PMI (February): index to rise to 51.6. Markets to watch: CNH crosses
5am – Japan consumer confidence (February): index to rise to 36.8. Markets to watch: JPY crosses
10am – eurozone unemployment (January): rate to hold at 7%. Markets to watch: EUR crosses
1.30pm – US initial jobless claims (w/e 26 February): claims to fall to 244K. Markets to watch: USD crosses
3pm – US ISM non-mfg PMI (February): index to rise to 61. Markets to watch: USD crosses
Friday
9.30am – UK construction PMI (February): index to rise to 56.7. Markets to watch: GBP crosses
1.30pm – US non-farm payrolls (February): unemployment rate to fall to 3.9%, and payrolls to rise by 381K, down from 467K. Average hourly earnings to rise by 5.8% YoY and 0.5% MoM. Markets to watch: US indices, USD crosses
3pm – Canada Ivey PMI (February): January reading 50.7. Markets to watch: CAD crosses
Company announcements
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Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
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Full-year earnings |
Abrdn, |
ITV, |
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Half/ Quarterly earnings
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Dollar Tree, |
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Trading update |
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Dividends
FTSE 100: Dechra Pharmaceuticals, Hargreaves Lansdown, Barclays
FTSE 250: Diversified Energy Company, Safestore Holdings, Ashmore, Personal Assets 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
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Monday 28 February |
Tuesday 1 March |
Wednesday 2 March |
Thursday 3 March |
Friday 4 March |
Monday 7 March |
| FTSE 100 |
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2.76 | ||||
| Australia 200 | 1.8 | 3.0 | 4.7 | 0.9 | 5.2 | 1.3 |
| Wall Street | 13.2 | 2.0 | ||||
| US 500 | 0.12 | 0.14 | 0.63 | 0.28 | 0.10 | 0.10 |
| Nasdaq | 0.04 | 0.91 | 1.60 | 0.05 | ||
| Netherlands 25 | ||||||
| EU Stocks 50 | 1.1 | 0.7 | ||||
| China H-Shares | ||||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 4.6 | 2.6 | ||||
| South Africa 40 | ||||||
| Italy 40 | ||||||
| Japan 225 |
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