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 12 December
Chris Beauchamp's insight
While the year is winding down, this week sees central bank decisions from the Federal Reserve (Fed), Bank of England (BoE) and European Central Bank (ECB), keeping markets on their toes until the middle of the month. China’s reopening efforts may come into focus with its data later in the week, although it may be too early for data to show any impact. UK and US consumer price index (CPI) round out the key data to watch this week.
Economic reports
- Weekly view
Monday
7am – UK GDP (October): 3-month average growth expected to be -0.3%. Markets to watch: GBP crosses
Tuesday
12.30am – Australia NAB business confidence (November): index to rise to 2 from 0. Markets to watch: AUD crosses
7am – UK employment data: November claimant count to rise to 8000 from 3300. Unemployment rate to hold at 3.6% for October, while average earnings (inc bonus) to be 6.1% for October. Markets to watch: GBP crosses
10am – German ZEW index (December): economic sentiment index to rise to -32 from -36.7. Markets to watch: EUR crosses
1.30pm – US CPI (November): prices to rise 0.3% MoM and 7.6% YoY, down from 0.4% and 7.7% respectively. Core CPI to rise 0.4% and 6.2%, from 0.3% and 6.3% respectively. Markets to watch: US indices USD crosses
11.50pm – Japan Tankan large manufacturers index (Q4): index to fall to 6 from 8. Markets to watch: JPY crosses
Wednesday
7am – UK CPI (November): prices to rise 1% MoM and 11.3% YoY, compared to 2% and 11.1% respectively. Core CPI to rise 6.6% YoY from 6.5%. Markets to watch: GBP crosses
3.30pm – US EIA crude oil inventories (w/e 9 December): stockpiles fell by 5.2 million barrels in the preceding week. Markets to watch: Brent, WTI
7pm – FOMC rate decision: rates expected to rise 50bps to 4.5%. The economic and interest rate projections accompanying this decision are likely to be the key market drivers. Markets to watch: US indices, USD crosses
Thursday
12.30am – Australia employment data: unemployment rate to fall to 3.3% from 3.4%. Markets to watch: AUD crosses
2am – China industrial production (November): forecast to rise 4.4%. Markets to watch: CNH crosses
12pm – BoE rate decision: a 50bps rise is expected here, taking rates to 3.5%, another post-financial crisis high. Markets to watch: GBP crosses
1.15pm – ECB rate decision: tightening continues in the eurozone too, with 50bps to be added to rates, taking them to 2.5%. Markets to watch: eurozone indices, EUR crosses
1.30pm – US retail sales (November), initial jobless claims (w/e 10 December): sales expected to fall 0.1% MoM while jobless claims rise to 235K from 230K. Markets to watch: US indices, USD crosses
Friday
7am – UK retail sales (November): sales to rise 0.3% MoM from 0.6%. Markets to watch: GBP crosses
8.30am – German services & mfg PMI (December, flash): mfg to weaken to 45.5 from 46.2. Markets to watch: EUR crosses
9.30am – UK services & mfg PMI (December, flash): mfg to fall to 46.3 and services to drop to 47.5. Markets to watch: GBP crosses
2.45pm – US services & mfg PMI (December, flash): mfg to rise to 48.2 and services to rise to 47.8. Markets to watch: USD crosses
Company announcements
Dividends
FTSE 100: Associated British Foods, Burberry, DS Smith
FTSE 250: MITIE, Cranswick, discoverIE, Tritax EuroBox, Redde Northgate, Baltic Classifieds, Hipgnosis Songs Fun
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 12 December |
Tuesday 13 December |
Wednesday 14 December |
Thursday 15 December |
Friday 16 December |
Monday 19 December |
| FTSE 100 | 0.95 | |||||
| Australia 200 | 0.4 | |||||
| Wall Street | 4.8 | |||||
| US 500 | 0.16 | 0.78 | 0.28 | 0.30 | 0.26 | 0.14 |
| Nasdaq | 0.26 | 1.29 | 1.06 | 2.03 | ||
| Netherlands 25 | ||||||
| EU Stocks 50 | 5.2 | |||||
| China H-Shares | ||||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | ||||||
| South Africa 40 | 8 | |||||
| Italy 40 | ||||||
| Japan 225 |
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