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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 22 August

Joshua Mahony's insight

A busy week ahead sees a raft of purchasing managers index (PMI) surveys on Tuesday, with the contraction seen in mainland European manufacturing expected to continue apace. A US GDP revision brings potential volatility for the dollar, although traders will likely spend more time focusing on the PCE inflation data and Jerome Powell’s Jackson Hole appearance as they look for signs that inflation has topped out.

Earnings data has certainly slowed after the mania of earnings season, although Zoom, NVIDIA, Salesforce, and HP will ensure that tech remains in focus this week. Also keep an eye out for updates across the fashion world, with Gap , Urban Outfitters, and Abercrombie & Fitch providing their latest figures.

 

 

Economic reports

  • Weekly view

Monday

1.30pm – US Chicago Fed nat’l activity index (July): index to rise to -0.02. Markets to watch: USD crosses

Tuesday

1.30am – Japan PMIs (August, flash): mfg to fall to 51.9 and services to rise to 50.5. Markets to watch: JPY crosses

8.30am – Germany PMIs (August, flash): mfg to rebound to 53.9 from 49.3, back into expansion territory. Markets to watch: EUR crosses

9am – eurozone PMIs (August, flash): mfg to rise to 51.6 from 49.8 and services to rise to 52.5. from 51.2. Markets to watch: EUR crosses

9.30am – UK PMIs (August, flash): mfg to rise to 52.4. Markets to watch: GBP crosses

2.45pm – US PMIs (August, flash): services to rise to 48 and mfg to fall to 51.1. Markets to watch: US indices, USD crosses

3pm – US new home sales (July): expected to rise 0.2% MoM. Markets to watch: USD crosses

3pm – eurozone consumer confidence (August, flash): expected to fall to -28. Markets to watch: EUR crosses

Wednesday

1.30pm – US durable goods orders (July): expected to rise 0.6%, and 0.2% excluding transportation orders. Markets to watch: USD crosses

3pm – US pending home sales (July): expected to fall 2% MoM. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 19 August). Markets to watch: Brent, WTI

Thursday

Jackson Hole economic symposium begins

9am – German IFO index (August): index to fall to 86.6. Markets to watch: EUR crosses

1.30pm – US initial jobless claims (w/e 20 August), GDP (Q2, 2nd estimate): claims to rise to 267K. Markets to watch: USD crosses

Friday

Jackson Hole meetings continue

1.30pnm- US PCE price index (July): prices to fall 0.1% MoM and rise 6.2%, from 1% and 6.8% respectively. Markets to watch: USD crosses

 

 

Company announcements

 

 

 

Monday
22 August

Tuesday
23 August

Wednesday
24 August

Thursday
25 August

Friday
26 August

Full-year earnings

 

 

  Hays  

Half/ Quarterly earnings

Zoom Wood Group,
Toll Bros,
Urban Outfitters
Lookers,
NVIDIA,
Salesforce
Delivery Hero,
HP,
Peloton,
Gap,
Dollar Tree,
Dell
 

Trading update

Shaftesbury        

 

 
 

Dividends

FTSE 100: Auto Trader, Land Securities, Diageo, St James's Place, NatWest, Mondi, Phoenix

FTSE 250: Personal Assets Trust, HICL Infrastructure, Drax, FDM, RHI Magnesita, Capital & Counties, Convatec , Biffa, ContourGlobal , OSB Group, Witan Inv Trust, Plus500

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
22 August
Tuesday
23 August
Wednesday
24 August
Thursday
25 August
Friday
26 August
Monday
29 August
FTSE 100     6.56     3.5 (0)
Australia 200 0.2 3.2 1.1 1.2 2.5 0.6
Wall Street           4.6
US 500 0.05 0.08 0.10 0.11 0.20 0.31
Nasdaq   0.35 0.53   0.43 0.29
Netherlands 25 0.18         0.15
EU Stocks 50            
China H-Shares 1.4         0.4
Singapore Blue Chip       0.06    
Hong Kong HS50 2.0 1.4     0.6 10.5
South Africa 40   38.6        
Italy 40            
Japan 225           16.0

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