Jump to content

The Week Ahead On The Markets


MongiIG

218 views

The Week Ahead

Read about upcoming market-moving events and plan your trading week

IG Group.PNG
 

Week commencing 19 September

Chris Beauchamp's insight

Three central bank meetings dominate the week, with the UK’s Bank of England (BoE) and the US Federal Reserve (Fed) to raise rates in response to high inflation. The Bank of Japan (BoJ) also meets, but no change is expected there. Flash PMIs dominate the end of the week, while in the UK investors will watch to see the new chancellor lay out tax cuts and other measures to help citizens with the rising cost of living. Major corporate news includes updates from Tui, Compass and Frasers Group in the UK, and FedEx in the US.

 

 

Economic reports

  • Weekly view

Monday

UK bank holiday for funeral of HM Queen Elizabeth II

12.30am – Japan CPI (August): 
prices to rise 2.6% YoY. Markets to watch: JPY crosses

Tuesday

2.30am – RBA meeting minutes: these will look at the latest Australian monetary policy decision. Markets to watch: AUD crosses

1.30pm – US housing starts & building permits (August): starts to fall 1.8% and permits to drop 3%. Markets to watch: USD crosses

1.30pm – Canada CPI (August): prices to rise 7.5% YoY. Markets to watch: CAD crosses

Wednesday

3pm – US existing home sales (August): sales to fall 1.1% YoY. Markets to watch: USD crosses

3.30pm – EIA crude oil inventories (w/e 16 September). Markets to watch: Brent, WTI

7pm – Fed rate decision: after the latest US inflation reading, markets now expect another 75bps rate hike. Markets to watch: US indices, USD crosses

Thursday

4am – BoJ rate decision: no change in rates expected. Markets to watch: JPY crosses

12pm – Bank of England meeting: rates expected to rise 50bps, but a 75bps hike cannot be ruled out. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 17 September): claims to rise to 215K. Markets to watch: USD crosses

3pm – eurozone consumer confidence (September, flash): index to fall to -26. Markets to watch: EUR crosses

Friday

8 – 9am – French, German, eurozone PMIs (September, flash): German mfg PMI to drop to 48.4, and others to fall further into contraction territory. Markets to watch: eurozone indices, EUR crosses

9.30am – UK PMIs (September, flash): mfg PMI to rise 50.2 and services to fall to 50.7. Markets to watch: GBP crosses

12pm – UK Budget: the new chancellor will announce a mini-Budget, including tax cuts, aimed to help deal with the Cost of Living Crisis.

2.45pm – US PMIs (September, flash): mfg to rise to 52 and services PMI to rise to 47. Markets to watch: US indices, USD crosses

 

Company announcements

 

 

 

Monday
19 September

Tuesday
20 September

Wednesday
21 September

Thursday
22 September

Friday
23 September

Full-year earnings

  Frasers Galliford Try Go-Ahead,
PZ Cussons
Smiths

Half/ Quarterly earnings

  Kingfisher,
Haleon
General Mills Cineworld,
JD Sports,
Polymetal,
Accenture,
FedEx,
Costco
Carnival,
MITIE

Trading update

  TUI,
Compass
     

 

 
 

Dividends

FTSE 100: Hargreaves Lansdown

FTSE 250: Crest Nicholson, Essentra, HgCapital Trust, JTC, Redrow

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
19 September
Tuesday
20 September
Wednesday
21 September
Thursday
22 September
Friday
23 September
Monday
26 September
FTSE 100     0.40      
Australia 200   1.5        
Wall Street            
US 500 0.06 0.26 0.18 0.07 0.01 0.32
Nasdaq   1.82        
Netherlands 25            
EU Stocks 50   2.4        
China H-Shares 6.3 1.4        
Singapore Blue Chip            
Hong Kong HS50 10.8 2.4        
South Africa 40   426.6        
Italy 40            
Japan 225            

0 Comments


Recommended Comments

There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...