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 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 |
Tuesday |
Wednesday |
Thursday |
Friday |
|
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 |
|
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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 |
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