The Week Ahead On The Markets
Entry posted by MongiIG in Market News
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The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 5 September
Chris Beauchamp's insight
Rate decisions from the central banks of Australia, Canada and the eurozone dominate the week, with the last of these perhaps the most interesting as investors watch the continued tightening of policy by central banks with rising concern. Outside of this it is a lighter week, though purchasing managers indexes (PMIs) from the US and China are still worth watching. In the UK corporate updates from housebuilder Barratt and retailer JD Sports, plus one from equipment hire firm Ashtead, are highlights for the week.
Economic reports
- Weekly view
Monday
Labor Day in the US
2.45am – China Caixin services PMI (August): index to fall to 54.2. Markets to watch: CNH crosses
12.30pm - New UK prime minister announced: the winner of the race to succeed Boris Johnson as prime minister will be declared, with Foreign Secretary Liz Truss firmly out in front. Whoever wins faces a major headache in the form of surging inflation and energy prices, necessitating a significant economic response. Markets to watch: GBP crosses, FTSE 100/250
Tuesday
5.30am – RBA rate decision: rates to rise to 2.1%. Markets to watch: AUD crosses
3pm – US ISM non-mfg PMI (August): index to fall to 54.8. Markets to watch: USD crosses
Wednesday
2.30am – Australia GDP (Q2): growth to rise to 4% from 3.3% YoY and 1.3% from 0.8% QoQ. Markets to watch: AUD crosses
4am – China trade data (August): exports to rise 11% YoY. Markets to watch: CNH crosses
1.30pm – US trade data (July): trade deficit to narrow to $72 billion. Markets to watch: USD crosses
3pm – Bank of Canada rate decision, Canada Ivey PMI (August): rates to hold at 2.5% after the recent 100bps increase. Bank of Canada rate decision CAD crosses
Thursday
1.15pm – ECB rate decision: rates to rise to 1%, as the bank looks to take a tough stance on inflation. Markets to watch: EUR crosses
1.30pm – US initial jobless claims (w/e 3 September): claims to rise to 230K from 232K. Markets to watch: USD crosses
4pm – US EIA crude oil inventories (w/e 2 September): stockpiles fell by 3.3 million in the previous week. Markets to watch: Brent, WTI
Friday
Emergency Eurogroup meeting on energy prices - watch oil & natural gas markets
2.30am – China CPI (August): prices to rise 2.9% YoY. Markets to watch: CNH crosses
1.30pm – Canada employment report (August): unemployment rate to hold at 4.9%. Markets to watch: CAD crosses
Company announcements
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Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
Full-year earnings |
Dechra Pharma |
|
Barratt Developments |
Darktrace, Frasers |
|
|
Half/ Quarterly earnings |
EnQuest, Ashtead |
Gamestop | Vistry | Computacenter | |
|
Trading update |
DS Smith, Ted Baker |
WHSmith, Biffa, Halfords |
Dividends
FTSE 250: Baltic Classifieds, XP Power, Greggs, Serco, CLS Holdings, Derwent London, Grafton, Harbour Energy, Assura
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
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Monday 5 September |
Tuesday 6 September |
Wednesday 7 September |
Thursday 8 September |
Friday 9 September |
Monday 12 September |
| FTSE 100 | 0.85 | |||||
| Australia 200 | 6.0 | 3.2 | 11.5 | 0.4 | 0.4 | 0.1 |
| Wall Street | 6.1 | 10.9 | ||||
| US 500 | 0.20 | 0.10 | 0.50 | 0.35 | 0.11 | |
| Nasdaq | 0.04 | 0.09 | 0.47 | 0.26 | ||
| Netherlands 25 | ||||||
| EU Stocks 50 | 0.2 | |||||
| China H-Shares | 26.4 | 0.9 | 5.3 | |||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 46.2 | 1.5 | 9.2 | 18.4 | ||
| South Africa 40 | 102.6 | |||||
| Italy 40 | ||||||
| Japan 225 |
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