The Week Ahead On The Markets
The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 23 May
Chris Beauchamp’s insight
UK data dominates the week, including employment and inflation figures, along with Australian employment and Japanese GDP numbers. It is a quieter week overall, although full-year earnings from Vodafone and Royal Mail will be worth watching.
Economic reports
- Weekly view
Monday
9am – German IFO business climate index (May): index to rise to 92.1. Markets to watch: EUR crosses
1.30pm – US Chicago Fed nat’l activity index (April): expected to fall to 0.35. Markets to watch: USD crosses
Tuesday
12am – Australia PMIs (May, flash): services to fall to 55.3 and mfg to fall to 58. Markets to watch: AUD crosses
1.30am – Japan PMIs (May, flash): services to fall to 50.2 and mfg to fall to 53. Markets to watch: JPY crosses
8.30am – Germany PMIs (May, flash): mfg to fall to 54.1 and services to fall to 56.5. Markets to watch: eurozone indices, EUR crosses
9am – eurozone PMIs (May, flash): services to fall to 55 and mfg to fall to 57.3. Markets to watch: EUR crosses
9.30am – UK PMIs (May, flash): expected to fall to 55.3 for mfg and 57.5 for services. Markets to watch: FTSE 100/250, GBP crosses
2.45pm – US PMIs (May, flash): mfg to fall to 58.8 and services to fall to 55 from 55.6. Markets to watch: USD crosses
3pm – US new home sales (April): sales to fall 1% MoM. Markets to watch: USD crosses
Wednesday
7am – German GfK consumer confidence (June): expected to rise to -25. Markets to watch: EUR crosses
1.30pm – US durable goods orders (April): orders to rise 0.5% MoM overall and 0.7% MoM excluding transportation. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 20 May): stockpiles fell by 3.4 million barrels in the preceding week. Markets to watch: Brent, WTI
7pm – FOMC minutes: these will lay out the thinking behind the 50 bps rise in rates, and also help to indicate what policy actions will come next. Markets to watch: US indices, USD crosses
Thursday
1.30pm – US initial jobless claims (w/e 21 May), GDP (Q1, 2nd estimate): claims to rise to 221K, while GDP expected to be unrevised at -1.4% QoQ. Markets to watch: USD crosses
3pm – US pending home sales (April): sales to fall 0.8% MoM. Markets to watch: USD crosses
Friday
1.30pm – US personal income & spending (April): spending to rise 0.7% MoM and income to rise 0.6% MoM. Markets to watch: USD crosses
Company announcements
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Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
Full-year earnings |
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Half/ Quarterly earnings |
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Trading update |
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Dividends
FTSE 100: Intertek, Whitbread, Sage, Imperial Brands, DCC
FTSE 250: Quilter (23 May, special dividend), RHI Magnesita, Vivo Energy, Balfour Beatty, TI Fluid Systems, IP Group, Victrex, Grainger, ContourGlobal, Diversified Energy, Diploma, Tritax Big Box, Britvic, HICL Infrastructure, HICL Infrastructure, LXI REIT
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 23 May |
Tuesday 24 May |
Wednesday 25 May |
Thursday 26 May |
Friday 27 May |
Monday 30 May |
FTSE 100 | 2.17 | |||||
Australia 200 | 0.4 | 1.3 | 0.3 | 0.2 | 0.2 | |
Wall Street | 4.6 | 22.3 | ||||
US 500 | 0.06 | 0.05 | 0.15 | 0.72 | 0.49 | |
Nasdaq | 0.25 | 0.53 | 0.67 | 0.18 | ||
Netherlands 25 | ||||||
EU Stocks 50 | 1.0 | 0.3 | ||||
China H-Shares | 14.9 | 0.8 | 9.7 | |||
Singapore Blue Chip | 0.07 | |||||
Hong Kong HS50 | 40.1 | 27.0 | 4.8 | 17.5 | ||
South Africa 40 | ||||||
Italy 40 | ||||||
Japan 225 |
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