The Week Ahead On The Markets
The Week Ahead
Read about upcoming market-moving events and plan your trading week
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 |
Tuesday |
Wednesday |
Thursday |
Friday |
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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