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 4 July
Chris Beauchamp’s insight
The week begins quietly with US markets on holiday for Independence Day. But it heats up from there, with an RBA rate decision, US ISM PMIs, a China services PMI and then the monthly US employment report. In addition, Fed minutes will mean that there is little chance for markets to escape the focus on inflation, interest rates and growth that has been such a feature of the year so far. UK investors will be interested in updates from Sainsbury’s, Persimmon and Currys, but otherwise it is a quiet first week of July, although US earnings season begins the following week.
Economic reports
- Weekly view
Monday
US Independence Day – US markets closed
7am – German trade balance (May): surplus to fall to €1.2 billion. Markets to watch: EUR crosses
Tuesday
2.45am – China Caixin services PMI (June): index rose to 41.4 in May. Markets to watch: CNH crosses
5.30am – RBA rate decision: rates expected to rise to 1.35% from 0.85%. Markets to watch: AUD crosses
Wednesday
9.30am – UK construction PMI (June): expected to fall to 56.2 from 56.4. Markets to watch: GBP crosses
3pm – US ISM non-mfg PMI (June): index to rise to 55.7. Markets to watch: US indices, USD crosses
7pm – FOMC minutes. Markets to watch: US indices, USD crosses
Thursday
1.30pm – US initial jobless claims (w/e 2 July): Markets to watch: claims to fall to 230K. USD crosses
3pm – Canada Ivey PMI (June): index to fall to 71.2. Markets to watch: CAD crosses
4pm – US EIA crude oil inventories (w/e 1 July): stockpiles fell by 2.7 million barrels in the previous week. Markets to watch: Brent, WTI
Friday
1.30pm – US non-farm payrolls (June): 295K jobs expected to have been created, down from 390K a month earlier. The unemployment rate is expected to hold at 3.6%, while average hourly earnings rise 0.3% MoM and 5.2% YoY, both in line with May’s figure. Markets to watch: US indices, USD crosses
1.30pm – Canada employment report (June): rate to hold at 5.1% and 42,000 jobs expected to have been created. Markets to watch: CAD crosses
Company announcements
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Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
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Full-year earnings |
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Redde Northgate |
Currys, AO World |
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Half/ Quarterly earnings |
Levi Strauss |
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|||
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Trading update |
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Sainsbury’s | Topps Tiles |
Persimmon, Wood Group |
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Dividends
FTSE 100: British American Tobacco, Coca-Cola HBC, Aveva, JD Sports, Next
FTSE 250: Murray Int’l Trust, ICG Enterprise Trust, Big Yellow, Workspace, Sirius Real Estate, Paragon Banking, Safestore, Primary Health Properties
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 4 July |
Tuesday 5 July |
Wednesday 6 July |
Thursday 7 July |
Friday 8 July |
Monday 11 July |
| FTSE 100 | 5.93 | |||||
| Australia 200 | 1.0 | 0.1 | 0.4 | |||
| Wall Street | 9.1* | 4.2 | ||||
| US 500 | 0.69* | 0.07 | 0.45 | 0.32 | 0.06 | |
| Nasdaq | 3.02* | 0.06 | 0.35 | |||
| Netherlands 25 | ||||||
| EU Stocks 50 | 0.4 | 2.1 | ||||
| China H-Shares | 5.6 | 37.4 | ||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 9.8 | 52.2 | ||||
| South Africa 40 | 28.0 | |||||
| Italy 40 | ||||||
| Japan 225 |
The Independence day holiday is observed in the US on 4th July – we therefore anticipate posting the below (*) on Friday 1st
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