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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 29 August

Chris Beauchamp's insight

The week begins quietly with a UK bank holiday, though markets will no doubt still be digesting the Jackson Hole comments from Jerome Powell and other key central bankers. But the week also sees the release of US job numbers for August, plus the return of the ADP private payroll report.

Other key data includes quarterly Canadian Gross Domestic Product, and Purchasing managers index's from China. Corporate news is almost non-existent, leaving the focus for markets squarely on macro factors like growth and inflation.

 

 

Economic reports

  • Weekly view

Monday

UK bank holiday – UK markets closed
None

Tuesday

12.30am – Japan unemployment (July): previous reading 2.6%. Markets to watch: JPY crosses

1pm – German CPI (August, preliminary): expected to rise to 7.6% YoY. Markets to watch: EUR crosses

3pm – US consumer confidence (August): expected to rise to 98.2. Markets to watch: USD crosses

Wednesday

2.30am – China PMIs (August): non-mfg PMI to rise to 53.9 and mfg to rise to 49.5. Markets to watch: CNH crosses

6am – Japan consumer confidence (August): index to rise to 31. Markets to watch: JPY crosses

8.55am – German unemployment rate (August): expected to hold at 5.4%. Markets to watch: EUR crosses

10am – eurozone CPI (August): prices to rise to 9.1% YoY. Markets to watch: EUR crosses

1.15pm – US ADP employment report (June, July & August): the ADP report resumes with updated methodology, covering June, July & August. Markets to watch: US indices, USD crosses

1.30pm – Canada GDP (Q2): growth to fall to 0.4% QoQ from 0.8%, and rise to 4.5% from 3.1% annualised. Markets to watch: CAD crosses

2.45pm – US Chicago PMI (August): index to fall to 51.6. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 26 August): stockpiles fell by 3.3 million in the preceding week. Markets to watch: Brent, WTI

Thursday

2.45am – China Caixin PMI (August): mfg index to fall to 50.1. Markets to watch: CNH crosses

10am – eurozone unemployment (July): expected to rise to 6.7%. Markets to watch: EUR crosses

1.30pm – US initial jobless claims (w/e 27 August): claims to rise to 246K from 243K. Markets to watch: US indices, USD crosses

3pm – US ISM mfg PMI (August): index to fall to 52.6. Markets to watch: US indices, USD crosses

Friday

1.30pm – US non-farm payrolls (August): payrolls to rise by 290K, down from 528K, while the unemployment rate holds at 3.5%. Average hourly earnings to rise 5.1% YoY and 0.3% MoM, from 5.2% and 0.5% respectively. Markets to watch: US indices, USD crosses

 

 

Company announcements

 

 

 

Monday
29 August

Tuesday
30 August

Wednesday
31 August

Thursday
1 September

Friday
2 September

Full-year earnings

 

 

     

Half/ Quarterly earnings

  Bunzl,
Old Mutual,
Best Buy
  Hewlett Packard Enterprise  

Trading update

      Ryanair (Aug traffic figures)  

 

 
 

Dividends

FTSE 100: NatWest (30 August, special), Glencore (interim & special), InterContinental Hotels, Admiral, Antofagasta, Endeavour Mining

FTSE 250: Diversified Energy Co, Redde Northgate, Alliance Trust , Rathbone, Centamin, JLEN Assets Grp, PageGroup, Clarkson, Quilter , Savills, Genuit, Londonmetric Property

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
29 August
Tuesday
30 August
Wednesday
31 August
Thursday
1 September
Friday
2 September
Monday
5 September
FTSE 100 3.5   6.16      
Australia 200 0.8 7.5 44.7 2.5 1.6 6.1
Wall Street 4.6 38.1   2.0    
US 500 0.32 0.80 0.69 0.31   0.20
Nasdaq 0.29 1.12 1.73 0.12   0.04
Netherlands 25 0.15          
EU Stocks 50     0.8      
China H-Shares 0.4 0.3     0.7 26.4
Singapore Blue Chip       0.07    
Hong Kong HS50 10.5 0.6 19.2 0.8 7.8 46.2
South Africa 40   156.5        
Italy 40            
Japan 225 16.0          

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