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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 21 March

Chris Beauchamp’s insight

UK CPI, monthly flash PMIs and the German IFO index are among the key events of the week ahead. Now that the central banks are out of the way, attention will likely return to the ongoing war in Ukraine. Corporate events are relatively thin on the ground this week, although full-year numbers from UK retailer Next will be a key driver for the retailing sector.

 

Economic reports

  • Weekly view

Monday

12.30pm – US Chicago Fed nat’l activity index (February): index to rise to 0.75 from 0.69. Markets to watch: USD crosses

Tuesday

None

Wednesday

7am – UK CPI (February): prices to rise 5.7% YoY (previous 5.5%), while core CPI to rise 4.5% YoY. Markets to watch: GBP crosses

2pm – US new home sales (February): sales to rise 2% MoM. Markets to watch: USD crosses

2.30pm – US EIA crude oil inventories (w/e 18 March): stockpiles rose by 4.3 million barrels in the previous week. Markets to watch: Brent, WTI

3pm – eurozone consumer confidence (March, flash): index to fall to -23.5. Markets to watch: EUR crosses

Thursday

8.15am – 9am – German, French, eurozone PMIs (March, flash): German mfg PMI to fall to 58.2, from 58.4, eurozone mfg PMI to fall to 58. Markets to watch: EUR crosses

9.30am – UK PMIs (March, flash): February’s readings were 58 for manufacturing and 60.5 for services. Markets to watch: GBP crosses

12.30pm – US durable goods orders (February), initial jobless claims (w/e 19 March): durable goods orders to fall 0.6% MoM and claims to fall to 207K. Markets to watch: USD crosses

1.45pm – US PMI (March, flash): services PMI to fall to 56 and mfg to fall to 56.8. Markets to watch: USD crosses

Friday

7am – UK retail sales (February): sales to rise 2.1% MoM. Markets to watch: GBP crosses

9am – German IFO business climate index (March): index to fall to 98.2. Markets to watch: EUR crosses

2pm – US pending home sales (February), Michigan confidence index (March, final): sales to fall 3% MoM and sentiment to fall to 59.7. Markets to watch: USD crosses

 

Company announcements

 

 

Monday
21 March

Tuesday
22 March

Wednesday
23 March

Thursday
24 March

Friday
25 March

Full-year earnings

 

Kingfisher Saga Next  

Half/ Quarterly earnings

 

Sthree,
Nike
Adobe   Compass  

Trading update

 

 

 

  United Utilities

 

 

Dividends

FTSE 100: British American Tobacco, Pearson, Schroders, Prudential, Ferguson

FTSE 250: XP Power, Greggs, Volution, Close Brothers, CLS Holdings, OSB Group

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
21 March
Tuesday
22 March
Wednesday
23 March
Thursday
24 March
Friday
25 March
Monday
28 March
FTSE 100     6.94      
Australia 200 0.7 0.3 0.3 0.1 0.4  
Wall Street            
US 500   0.25 0.39 0.04 0.01 0.02
Nasdaq            
Netherlands 25            
EU Stocks 50 2.3          
China H-Shares            
Singapore Blue Chip            
Hong Kong HS50       1.2    
South Africa 40   96.5        
Italy 40            
Japan 225            

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