The Week Ahead On The Markets
The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 25 July
Chris Beauchamp’s insight
Earnings season is in full swing, on both sides of the Atlantic, and investors and traders may well find themselves hard-pushed to keep up with the avalanche of updates that are scheduled for the week to come. Big tech reports in the US, plus a host of others, along with UK banks, miners and airlines.
To cap all that, the Federal Reserve (Fed) is expected to raise rates by 75 basis points (bps), another large rise, with a possibility that Powell & co will emulate the Bank of Canada (BoC) and go for the full percentage point rise. In addition, the first estimate on quarter two (Q2) US gross domestic product (GDP) is also published.
Economic reports
- Weekly view
Monday
9am – German IFO index (July): business climate index to rise to 93. Markets to watch: EUR crosses
1.30pm – US Chicago Fed index (June): expected to rise ot 0.05. Markets to watch: USD crosses
Tuesday
3pm – US new home sales (June), consumer confidence (July): home sales forecast to rise 1% MoM, consumer confidence to drop to 98.5. Markets to watch: USD crosses
Wednesday
2.30am – Australia CPI (Q2): prices to rise 6.2% YoY from 5.1% and 1.8% QoQ from 2.1%. Markets to watch: AUD crosses
1.30pm – US durable goods orders (June): orders to fall 0.2% MoM and rise 0.4% MoM excluding transportation. Markets to watch: USD crosses
3pm – US pending home sales (June): sales to fall 2.15 MoM. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 22 July): stockpiles fell by 446,000 barrels in the preceding week. Markets to watch: Brent, WTI
7pm – FOMC rate decision: rates expected to rise to 2.5% from 1.75%. Markets to watch: US indices, USD crosses
Thursday
1pm – German CPI (July): prices to rise 7.7% YoY and 0.2% MoM. Markets to watch: EUR crosses
1.30pm – US GDP (Q2, advance reading), initial jobless claims (w/e 23 July): GDP to grow 0.9% from -1.6% QoQ and 7% from 8.3% YoY. Claims to rise to 255K. Markets to watch: US indices, USD crosses
Friday
6am – Japan consumer confidence (July): index to fall to 31.1. Markets to watch: JPY crosses
9am – German GDP (Q2, flash): growth to be -0.2% QoQ and 1.1% YoY from 0.2% and 3.8% respectively. Markets to watch: EUR crosses
10am – eurozone GDP (Q2, flash), CPI (July, flash): growth to be 0% QoQ and 2.8% YoY, from 0.6% and 5.4% respectively. CPI to rise 8.8% YoY from 8.6%. Markets to watch: EUR crosses
1.30pm – US PCE price index (June): prices to rise 0.9% MoM and 6.7% YoY from 0.6% and 6.3% respectively. Markets to watch: USD crosses
2.45pm – US Chicago PMI (July): index to rise to 57 from 56. Markets to watch: USD crosses
Company announcements
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Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
Full-year earnings |
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Half/ Quarterly earnings |
Lloyds, |
Foxtons, |
Standard Chartered, |
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Trading update |
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Dividends
FTSE 100: SSE
FTSE 250: Qinetiq, Bytes Technology, Moneysupermarket.com
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 25 July |
Tuesday 26 July |
Wednesday 27 July |
Thursday 28 July |
Friday 29 July |
Monday 1 Aug |
FTSE 100 | 2.46 | 0.0 | ||||
Australia 200 | ||||||
Wall Street | ||||||
US 500 | 0.04 | 0.04 | 0.50 | 0.57 | 0.04 | |
Nasdaq | 0.19 | 0.43 | 1.15 | |||
Netherlands 25 | 0.14 | |||||
EU Stocks 50 | ||||||
China H-Shares | 2.1 | |||||
Singapore Blue Chip | 0.13 | |||||
Hong Kong HS50 | 3.8 | |||||
South Africa 40 | ||||||
Italy 40 | ||||||
Japan 225 | 1.7 |
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