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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 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

 

 

 

Monday
5 September

Tuesday
6 September

Wednesday
7 September

Thursday
8 September

Friday
9 September

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 100: Croda, CRH

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

 

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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