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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 13 June

Chris Beauchamp’s insight

The week sees decisions from the Federal Reserve (Fed), Bank of England (BoE) and the Bank of Japan (BoJ), although the last of these three is not likely to move on policy. In addition, key UK data such as unemployment is released, along with the German ZEW index. The last of earnings season in the US is covered by Oracle and Adobe, plus earnings from Ashtead and an update from Tesco.

 

 

 

Economic reports

  • Weekly view

Monday

7am – UK GDP (April): expected to fall 0.1% MoM but rise to 0.8% for the three months to April. Markets to watch: GBP crosses

Tuesday

2.30am – Australia NAB business confidence (May): index to fall to 10. Markets to watch: AUD crosses

7am – UK employment data: unemployment rate to fall to 3.7% for April, while the claimant count falls by 29,000 for May. April average earnings to rise 6.3%. Markets to watch: GBP crosses

10am – German ZEW index (June): economic sentiment index to rise to -31. Markets to watch: EUR crosses

1.30pm – US PPI (May): prices to rise 0.8% MoM from 0.5%. Markets to watch: USD crosses

Wednesday

1.30am – Australia Westpac consumer confidence (June): index to fall to 90 from 90.4. Markets to watch: AUD crosses

1.30pm – US retail sales (May), Empire mfg index (June): sales to rise 0.2% MoM from 0.9%. Empire mfg index to rise to -4. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 10 June): Markets to watch: Brent, WTI

7pm – US FOMC rate decision: rates to rise to 1.5%, but the key will be any variation in economic projections and any hints in the press conference that the pace of tightening might be either stepped up or slowed. Markets to watch: US indices, USD crosses

Thursday

12.50am – Japan trade data (May): exports rose 12.5% in April. Markets to watch: Yen crosses

2.30am – Australia employment rate (May): rate to rise to 4% from 3.9%. Markets to watch: AUD crosses

12pm – BoE rate decision: rates expected to rise to 1.25% from 1%. As with the Fed the previous day, the comments about future policy will be more important for sterling’s direction. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 11 June), Philadelphia Fed index (June): claims to rise to 240K from 229K. Philly Fed index to rise to 4 from 2.6. Markets to watch: USD crosses

Friday

4am – BoJ rate decision: no change in rates expected. Markets to watch: JPY crosses

7am – UK retail sales (May): sales to rise 0.7% MoM but fall 1% YoY. Markets to watch: GBP crosses

 

Company announcements

 

 

 

Monday
13 June

Tuesday
14 June

Wednesday
15 June

Thursday
16 June

Friday
17 June

Full-year earnings

 

Ashtead,
First Group

 

Halfords

 

Half/ Quarterly earnings

Oracle

Ferguson,
Crest Nicholson

 

Adobe

 

Trading update

 

Bellway

Whitbread,
WHSmith

N Brown,
Boohoo

Tesco

 

 

Dividends

FTSE 100: Persimmon, 3i, Land Securities, RS Group

FTSE 250: XP Power, JTC, Ferrexpo, TBC Bank, Pets at Home, 3i Infrastructure Fund, Personal Assets Trust, Fidelity China Special Situations

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
13 June
Tuesday
14 June
Wednesday
15 June
Thursday
16 June
Friday
17 June
Monday
20 June
FTSE 100     3.50      
Australia 200           0.2
Wall Street 7.4   10.9      
US 500 1.31 0.15 0.39 0.06   0.21*
Nasdaq 1.80         1.82*
Netherlands 25            
EU Stocks 50           2.3
China H-Shares   0.5 4.5 1.3 4.8  
Singapore Blue Chip            
Hong Kong HS50   0.8 13.5 2.3 12.9  
South Africa 40            
Italy 40         63.7  
Japan 225            

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