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The Week Ahead On The Markets


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The Week Ahead

Read about upcoming market-moving events and plan your trading week

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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

 

 

 

Monday
4 July

Tuesday
5 July

Wednesday
6 July

Thursday
7 July

Friday
8 July

Full-year earnings

 

  Redde Northgate Currys,
AO World

 

Half/ Quarterly earnings

      Levi Strauss

 

Trading update

 

Sainsbury’s Topps Tiles Persimmon,
Wood Group

 

 

 

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

 

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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