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The Week Ahead On The Markets


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The Week Ahead

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

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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

 

 

Monday
28 February

Tuesday
1 March

Wednesday
2 March

Thursday
3 March

Friday
4 March

Full-year earnings

Bunzl

Abrdn,
Croda Int’l,
Flutter Entertainment,
Man Group,
Travis Perkins,
Reach

Foxtons,
Vistry,
Aviva,
Persimmon

ITV,
Tritax Big Bo,
LSE,
Schroders,
Admiral,
Meggitt,
Rentokil,
Galliford Try,
PageGroup,
Taylor Wimpey

Hammerson

Half/ Quarterly earnings

 

Associated British Foods,
HP

Domino’s Pizza,
Hewlett Packard Enterprise

Dollar Tree,
Snowflake,
Abercrombie & Fitch

Gap,
Costco,
Best Buy

 

Trading update

 

 

 

 

BooHoo

 

 

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

 

Monday
28 February
Tuesday
1 March
Wednesday
2 March
Thursday
3 March
Friday
4 March
Monday
7 March
FTSE 100  

 

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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