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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 23 January

Chris Beauchamp's insight

A first look at Q4 US GDP is perhaps the main economic event of the week, along with the monthly German IFO figure. But earnings season is still the big driver – Microsoft, Tesla, IBM, Boeing, Intel and American Airlines all publish figures. In the UK, watch out for Diageo’s half-year numbers, plus JD Wetherspoon and Tullow Oil.

Economic reports

  • Weekly view

Monday

3pm – eurozone consumer confidence (January): index to rise to -21. Markets to watch: EUR crosses


Tuesday

7am – German GfK consumer confidence (February): index to rise to -33. Markets to watch: EUR crosses

8.30am – German mfg & services PMI (January, flash): manufacturing activity to recover in January, rising to 47.9. Markets to watch: EUR crosses

9am – eurozone mfg & services PMI (January, flash). Markets to watch: eurozone indices, EUR crosses

9.30am – UK mfg & services PMI (January, flash): mfg index to rise to 46 and services to edge back into expansion at 50.1. Markets to watch: GBP crosses

2.45pm – US mfg & services PMI (January, flash): service activity to rise, to 45 from 44.7, and manufacturing to drop to 45 from 46.2. Markets to watch: US indices, USD crosses


Wednesday

12.30am – Australia CPI (Q4): QoQ rate to fall to 1.5% from 1.8%. Markets to watch: AUD crosses

9am – German IFO business climate index (January): index to rise to 90.2. Markets to watch: EUR crosses

3pm – Bank of Canada rate decision: interest rates to rise 25bps to 4.5%. Markets to watch: CAD crosses

3.30pm – US EIA crude oil inventories (w/e 20 January): stockpiles rose to 8.4 million barrels in the preceding week. Markets to watch: Brent, WTI


Thursday

1.30pm – US GDP (Q4, initial reading), durable goods orders (December), initial jobless claims (w/e 21 January): QoQ growth to fall to 2.8% from 3.2%, while orders rebound 2.5% and claims to rise to 202K Markets to watch: US indices USD crosses

3pm – US new home sales (December): sales to fall 2% MoM. Markets to watch: USD crosses


Friday

1.30pm – US PCE pride index (December): price index to rise 0.1% MoM and 5.1% YoY, with the latter being a slowdown from 5.5% in November. Markets to watch: USD crosses

3pm – US pending home sales (December): expected to fall 1% MoM. Markets to watch: USD crosses

 

Company announcements

 

 

 

Monday
23 January

Tuesday
24 January

Wednesday
25 January

Thursday
26 January

Friday
27 January

Full-year earnings

 

   

 

 

Half/ Quarterly earnings

 

Microsoft,
Verizon,
General Electric,
Johnson & Johnson,
Halliburton
ASML,
Tesla,
Boeing,
IBM,
AT&T
Diageo,
Visa,
Dow,
Intel,
American Airlines
Chevron Corp,
American Express Co

Trading update

 

Saga Ltd,
Associated British Foods

easyJet,
Tullow Oil,
JD Wetherspoon
Fevertree,
Dr. Martens,
Britvic,
Mitie,
Tate & Lyle
 
 
 

Dividends

FTSE 100: None

FTSE 250: Foresight Solar, Pennon, City of London Inv Trust

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
23 January
Tuesday
24 January
Wednesday
25 January
Thursday
26 January
Friday
27 January
Monday
30 January
FTSE 100            
Australia 200            
Wall Street            
US 500 0.10 0.04 0.29 0.11 0.35 0.09
Nasdaq       0.29 1.13  
Netherlands 25            
EU Stocks 50         0.1  
China H-Shares            
Singapore Blue Chip         0.08  
Hong Kong HS50            
South Africa 40   11.2        
Italy 40            
Japan 225         1.8  

* Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day

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