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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

IG Group.PNG
 

Week commencing 18 July

Chris Beauchamp’s insight

Earnings season continues to intensify this week, as banks, Tesla and Netflix all report earnings. After a somewhat shaky start, investors will hope this week’s crop can provide some more good news. A quiet start to the week in economic data then gives way to UK CPI, flash PMI readings and a key ECB rate decision.

 

 

Economic reports

  • Weekly view

Monday

None

Tuesday

Tuesday 2.30am – RBA meeting minutes: watch for any hawkish commentary on rate hikes. Markets to watch: AUD crosses

7am – UK employment data: May unemployment rate to fall to 3.7%, while claimant count falls by 25,000. Average earnings (including bonus) to rise 7.8%. Markets to watch: GBP crosses

10am – eurozone CPI (May): prices to rise 8.6% YoY. Markets to watch: EUR crosses

1.30pm – US housing starts & building permits (June): June starts to fall 14.4% and permits to drop 7%. Markets to watch: USD crosses

Wednesday

7am – UK CPI (June): inflation to be 9.1% YoY and 0.8% MoM. Core CPI to be 6% YoY. Markets to watch: GBP crosses

1.30pm – Canada CPI (June): inflation to be 8% YoY. Markets to watch: CAD crosses

3pm – eurozone consumer confidence (July, flash): expected to rise to -24.7. Markets to watch: EUR crosses

3pm – US existing home sales (June): sales to fall 3.3% MoM. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 15 July): stockpiles rose by 3.2 million barrels in the previous week. Markets to watch: Brent, WTI

 

Thursday

12.50am – Japan trade balance (June): exports to rise 14% YoY. Markets to watch: JPY crosses

1.15pm (1.45pm press conference) – ECB rate decision & statement: 25 basis point rise in rates expected. Markets to watch: eurozone indices, EUR crosses

1.30pm – US initial jobless claims (w/e 16 July): claims to rise to 245K. Markets to watch: USD crosses

 

Friday

12.30am – Japan CPI (June): prices to rise 2.6% YoY. Markets to watch: JPY crosses

7am – UK retail sales (June): sales to rise 0.2% YoY. Markets to watch: GBP crosses

8.30am – German PMI (July, flash): mfg PMI to rise to 53.2. Markets to watch: EUR crosses

9am – eurozone PMI (July, flash): mfg PMI to fall to 51.8 and services PMI to fall to 52.3. Markets to watch: eurozone indices, EUR crosses

9.30am – UK PMI (July, flash): mfg PMI to fall to 51.7 and services PMI to fall to 53.7. Markets to watch: FTSE 100/250, GBP crosses

2.45pm – US PMI (July, flash): mfg PMI to fall to 52.1 and services PMI to drop to 51.9. Markets to watch: US indices, USD crosses

 

Company announcements

 

 

 

Monday
18 July

Tuesday
19 July

Wednesday
20 July

Thursday
21 July

Friday
22 July

Full-year earnings

 

 

  AO World  

Half/ Quarterly earnings

IBM,
Bank of America,
Goldman Sachs
Johnson & Johnson,
Netflix,
Halliburton
ASML,
Tesla,
Alcoa,
United Airlines
Moneysupermarket.com,
Ocado,
American Airlines,
Snap,
Twitter,
AT&T,
Philip Morris,
Dow
American Express,
Verizon

Trading update

  Kier Premier Foods,
Royal Mail,
Computacenter
Frasers Group,
Britvic,
SSE,
Dunelm
 

 

 
 

Dividends

FTSE 100: None

FTSE 250: Investec, Cranswick, Pennon, Micro Focus, Bellevue

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
18 July
Tuesday
19 July
Wednesday
20 July
Thursday
21 July
Friday
22 July
Monday
25 July
FTSE 100     0.09      
Australia 200            
Wall Street 7.9   6.0      
US 500 0.16 0.07 0.36 0.06   0.04
Nasdaq           0.19
Netherlands 25            
EU Stocks 50            
China H-Shares            
Singapore Blue Chip            
Hong Kong HS50            
South Africa 40 26.8          
Italy 40            
Japan 225            

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