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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

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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

 
 

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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