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 30 May
Chris Beauchamp’s insight
Now that US earnings season is broadly at an end, aside from HP and Salesforce, the focus for the week moves to US non-farm payrolls on Friday. Chinese PMIs this week are also worth monitoring. The week starts with a US holiday, while it finishes with two UK bank holidays.
Economic reports
- Weekly view
Monday
Memorial Day – US markets closed
1pm – German CPI (May): prices to rise 7.1% YoY and 0.2% MoM. Markets to watch: EUR crosses
Tuesday
2.30am – China mfg & non-mfg PMI (May): April readings were 47.4 and 41.9 respectively. Markets to watch: China indices, CNH crosses
10am – eurozone CPI (May): prices to rise 7.3% YoY and 0.1% MoM. Markets to watch: EUR crosses
1.30pm – Canada GDP (Q1): growth to fall to 5.6% from 6.7%. Markets to watch: CAD crosses
2.45pm – US Chicago PMI (May): index to fall to 57.1. Markets to watch: USD crosses
3pm – US consumer confidence (May): confidence index to fall to 104 from 107.3. Markets to watch: USD crosses
Wednesday
2.30am – Australia GDP (Q1): grow to fall to 0.9% QoQ from 3.4%. Markets to watch: AUD crosses
2.45am – China Caixin mfg PMI (May): April reading 46. Markets to watch: China indices, CNH crosses
3pm – Bank of Canada rate decision: rates expected to rise to 1.5% as the bank looks to combat rising inflation. Markets to watch: CAD crosses
3pm – US ISM mfg PMI (May): index to edge down to 55.3. Markets to watch: USD crosses
Thursday
UK bank holiday
1.15pm – US ADP employment report (May): 253K jobs expected to have been created, from 247K. Markets to watch: US indices, USD crosses
1.30pm – US initial jobless claims (28 May): claims to rise to 214K from 210K. Markets to watch: USD crosses
4pm – US EIA crude oil inventories (w/e 27 May): stockpiles fell by one million barrels in the preceding week. Markets to watch: Brent, WTI
Friday
UK bank holiday
1.30pm – US non-farm payrolls (May): payrolls to increase by 428K, from 350K in April. Unemployment rate to fall to 3.5%, and average hourly earnings to rise 0.4% MoM. Markets to watch: US indices, USD crosses
3pm – US ISM non-mfg PMI (May): April reading was 57.1. Markets to watch: US indices, USD crosses
3pm – Canada Ivey PMI (May😞 previous reading 66.3. Markets to watch: CAD crosses
Company announcements
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Tuesday |
Wednesday |
Thursday |
Friday |
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Full-year earnings |
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Half/ Quarterly earnings |
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Trading update |
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Dividends
FTSE 100: Vodafone, National Grid, Scottish Mortgage Inv Trust, Severn Trent
FTSE 250: Synthomer, Hill & Smith, Hilton Food, Alliance Trust, JLEN Environmental Assets, Law Debenture Corp
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 30 May |
Tuesday 31 May |
Wednesday 1 June |
Thursday 2 June |
Friday 3 June |
Monday 6 June |
| FTSE 100 | 9.3 | |||||
| Australia 200 | 0.2 | 1.1 | ||||
| Wall Street | 13.2 | 12.5 | 11.1 | |||
| US 500 | 0.37 | 0.41 | 0.71 | 0.30 | 0.03 | 0.11 |
| Nasdaq | 0.18 | 0.91 | 1.72 | 0.12 | 0.13 | |
| Netherlands 25 | 0.14 | |||||
| EU Stocks 50 | 0.3 | 0.7 | ||||
| China H-Shares | 9.6 | 11.8 | 1.3 | 0.5 | 1.8 | |
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 17.4 | 23.6 | 2.3 | 4.3 | 8.0 | |
| South Africa 40 | ||||||
| Italy 40 | ||||||
| Japan 225 |
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