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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 21 November

Chris Beauchamp's insight

The week sees the release of minutes from the latest Federal Reserve (Fed) meeting, plus the monthly flash purchasing managers indexes (PMIs) from around the globe. Thanksgiving in the US means it will be a quiet second half of the week, though Compass, AO World and Kingfisher will all be of interest to UK equity markets.

 

Economic reports

  • Weekly view

Monday

7am – German PPI (October): expected to fall to 1.1% MoM from 2.3%. Markets to watch: EUR crosses

1.30pm – US Chicago Fed nat’l activity index (October): index to hold at 0.1. Markets to watch: EUR crosses

 

Tuesday

3pm – eurozone consumer confidence (November, flash): expected to rise to -25 from -27.6. Markets to watch: EUR crosses

10pm – Australia PMI (November, flash): mfg & services PMIs to weaken. Markets to watch: AUD crosses

 

Wednesday

8.30am – Germany PMI (November, flash): mfg PMI to rise to 45.3. Markets to watch: eurozone indices, EUR crosses

9.30am – UK PMI (November, flash): services PMI to fall to 47.6. Markets to watch: GBP crosses

1.30pm – US durable goods (October), initial jobless claims (w/e 19 November): durable goods orders to rise 0.3% MoM. Claims to fall to 219K. Markets to watch: USD crosses

2.45pm – US PMI (November, flash): Mfg PMI to fall to 50.1 and services PMI to rise to 49.3. Markets to watch: USD crosses

3pm – US new home sales (October): sales to rise 4% YoY. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 18 November): stockpiles fell by 5.4 million barrels in the preceding week. Markets to watch: Brent, WTI

7pm – FOMC minutes: these will look at the latest decision to raise rates, with markets keen to see any sign of the Fed slowing the pace of hikes at upcoming meetings. Markets to watch: US indices, USD crosses

 

Thursday

Thanksgiving – US markets closed

9am – German IFO index (November): business climate index to rise to 85.3 from 84.3 in October. Markets to watch: EUR crosses

 

Friday

US markets close early

7am – German GfK consumer confidence (December): index to rise to -38 from -41. Markets to watch: EUR crosses

 

Company announcements

 

 

 

Monday
21 November

Tuesday
22 November

Wednesday
23 November

Thursday
24 November

Friday
25 November

Full-year earnings

Compass,
Virgin Money
  Britvic    

Half/ Quarterly earnings

Big Yellow,
Dell,
Zoom,
Urban Outfitters
Severn Trent,
AO World,
Homeserve,
Cranswick,
Best Buy,
HP,
Dollar Tree
United Utilities,
Pets at Home,
Halfords
Dr Martens  

Trading update

      Kingfisher  

 

 
 

Dividends

FTSE 100: RS Group, British Land, National Grid, Scottish Mortgage Inv Trust, Imperial Brands, Vodafone, Land Securities

FTSE 250: Diversified Energy Co, Volution, 3i Infrastructure, Witan Inv Trust, Tate & Lyle, Urban Logistics, Kainos, HICL Infrastructure, Great Portland Estates

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
21 November
Tuesday
22 November
Wednesday
23 November
Thursday
24 November
Friday
25 November
Monday
28 November
FTSE 100     9.00      
Australia 200 0.4   0.4     0.1
Wall Street           4.6
US 500 0.10 0.21   0.12   0.38
Nasdaq 0.14 0.78       0.36
Netherlands 25            
EU Stocks 50       0.7    
China H-Shares     0.6 0.6    
Singapore Blue Chip            
Hong Kong HS50     4.5 1.0    
South Africa 40            
Italy 40            
Japan 225            

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