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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 2 May

Chris Beauchamp’s insight

It is a busy week ahead on both the corporate and economic fronts, with decisions from the Australian, US and UK central banks, all of which are expected to raise rates. Meanwhile, US ISM PMI figures are accompanied by the monthly job reports for the US. Corporate news is also plentiful, including updates from BP and Next in the UK, plus French banks BNP Paribas and Societe Generale. US earnings season continues, including Airbnb, AMD and Uber.

 

Economic reports

  • Weekly view

Monday

UK markets closed for bank holiday

6am – Japan consumer confidence (April): index to fall to 31.7. Markets to watch: JPY crosses

3pm – US ISM mfg PMI (April): index to rise to 58. Markets to watch: US indices, USD crosses

Tuesday

5.30am – RBA rate decision: rates to rise to 0.25% from 0.1%. Markets to watch: AUD crosses

10am – eurozone unemployment rate (March) rate to fall to 6.7%. Markets to watch: EUR crosses

Wednesday

1.15pm – US ADP employment report (April): payrolls to rise by 370K, down from 455K last month. Markets to watch: US indices, USD crosses

1.30pm – US trade balance (March): exports to fall to $227 billion from $228 billion. Markets to watch: USD crosses

3pm – US ISM non-mfg PMI (March): index to rise to 59. from 58.3. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 29 April): stockpiles rose by 692,000 barrels in the preceding week. Markets to watch: Brent, WTI

7pm – FOMC rate decision: rates forecast to rise to 1% from 0.5%. Markets to watch: US indices, USD crosses

Thursday

2.45am – China Caixin services PMI (April): index to rise to 42.1 from 42. Markets to watch: CNH crosses

12pm – BoE rate decision: rates expected to rise 25bps to 1%. Commentary on additional rate hikes will influence GBP pairs. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 30 April): claims to rise to 185K. Markets to watch: USD crosses

Friday

1.30pm – US non-farm payrolls (April): 400K jobs expected to have been created, down from 430K in March. Unemployment rate expected to hold at 3.6%, and average hourly earnings to rise 0.4% MoM and 5.6% YoY. Markets to watch: US indices, USD crosses

1.30pm – Canada employment report (April): unemployment rate to hold at 5.3%. Markets to watch: CAD crosses

3pm – Canada Ivey PMI (April): index to fall to 73.8 from 74.2. Markets to watch: CAD crosses

 

Dividends

FTSE 100: Croda, Admiral

FTSE 250: Tate & Lyle (3 May), Hochschild Mining , Hiscox , GCP Infrastructure Investments , 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
2 May
Tuesday
3 May
Wednesday
4 May
Thursday
5 May
Friday
6 May
Monday
9 May
FTSE 100     1.28 (0.65)      
Australia 200   0.5        
Wall Street     6.1 1.5 10.9  
US 500   0.04 0.47 0.61 0.30 0.01
Nasdaq 0.35   1.70 3.59 0.43 0.13
Netherlands 25 0.91 0.08   0.20   0.91
EU Stocks 50 3.4   5.9 9.3 2.4 1.7
China H-Shares            
Singapore Blue Chip   0.04 0.41 1.19 0.22  
Hong Kong HS50            
South Africa 40   66.0        
Italy 40            
Japan 225            

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