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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

IG Group.PNG
 

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

 

 

 

Monday
12 December

Tuesday
13 December

Wednesday
14 December

Thursday
15 December

Friday
16 December

Full-year earnings

 

Carr’s

Sthree

 

 

Half/ Quarterly earnings

 

 

 

Currys,
H&M,
Adobe

 

Trading update

 

 

Bunzl

Boohoo

 
 
 

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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