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The Week Ahead On The Markets


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The Week Ahead

Read about upcoming market-moving events and plan your trading week

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Week commencing 30 January

Chris Beauchamp's insight

It is an action-packed week. A trio of major central banks issue rate decisions, plus we have the monthly non-farm payrolls report, Chinese PMI figures and initial Q4 GDP readings for Germany and the eurozone. As if that was not enough, the heavyweight tech stocks (though less heavyweight since the 2022 declines) of Apple, Amazon and Alphabet, plus Meta, also report earnings figures, along with other major firms in the US. This week will be a vital test for markets that have been broadly risk-on since the beginning of the year.

 

Economic reports

  • Weekly view

Monday

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


Tuesday

1.30am – Chinese purchasing managers index (PMI) (January): index to rise to 48 for both manufacturing and non-manufacturing. Markets to watch: CNH crosses

9am – German GDP (Q4, flash): economy expected to have remained static QoQ and shrunk 0.2% YoY. Markets to watch: EUR crosses

10am – eurozone GDP (Q4, flash): expected to see -0.4% growth QoQ and a 1.1% rise YoY. Markets to watch: EUR crosses

1pm – German CPI (January, preliminary): forecast to be 7.8% YoY and -0.3% MoM. Markets to watch: EUR crosses

2.45pm – US Chicago PMI (January): index to fall to 43 from 44.9. Markets to watch: USD crosses

3pm – US consumer confidence (January): index to rise to 109.4. Markets to watch: USD crosses


Wednesday

1.45am – China Caixin mfg PMI (January): private sector survey expected to rise to 52, back into expansion territory. Markets to watch: CNH crosses

10am – eurozone CPI (January) & unemployment (December): CPI to rise 8.7% YoY and fall 0.2% MoM, from 9.2% and -0.4% respectively. Unemployment rate to hold at 6.5%. Markets to watch: EUR crosses

1.15pm – US ADP report (January): private payrolls to rise 131K, down from 235K. Markets to watch: US indices, USD crosses

3pm – US ISM mfg PMI (January): index to fall to 48.2. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 27 January): Markets to watch: Brent, WTI

7pm – FOMC rate decision:
 rates to rise to 4.75% from 4.5%. Markets to watch: USD crosses


Thursday

12pm – Bank of England rate decision: rates to rise to 4% from 3.5%. Markets to watch: GBP crosses

1.15pm – ECB rate decision: rates to increase to 2.5% from 25%. Markets to watch: eurozone indices, EUR crosses


Friday

1.30pm – US non-farm payrolls (January): payrolls to rise by 175K from 223K, while the unemployment rate rises to 3.6% from 3.5%. Average hourly earnings to rise 0.3% MoM and 4.6% YoY. Markets to watch: US indices, USD crosses

3pm – US ISM non-manufacturing PMI (January): index to fall to 49 from 49.8. Markets to watch: USD crosses

 

Company announcements

 

 

 

Monday
30 January

Tuesday
31 January

Wednesday
1 February

Thursday
2 February

Friday
3 February

Full-year earnings

Sthree

  Novartis

Deutsche Bank

 

Half/ Quarterly earnings

Ryanair,
Philips

Spotify,
Pfizer,
AMD,
McDonald's,
Exxon,
General Motors,
Caterpillar

GSK,
Meta
BT,
Shell,
Amazon,
Ford,
Merck,
Starbucks,
Apple,
Alphabet
 

Trading update

Smith & Nephew

AG Barr,
Pets at Home
Vodafone,
Entain
   
 
 

Dividends

FTSE 100: None

FTSE 250: Paragon Banking, JLEN, Merchants Trust, Edinburgh Inv

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
30 January
Tuesday
31 January
Wednesday
1 February
Thursday
2 February
Friday
3 February
Monday
6 February
FTSE 100            
Australia 200     0.01      
Wall Street         2.4  
US 500 0.08 0.07 0.23 0.25 0.28 0.08
Nasdaq   0.20 0.40 0.19 1.64  
Netherlands 25         0.3  
EU Stocks 50         0.7  
China H-Shares            
Singapore Blue Chip       0.27    
Hong Kong HS50            
South Africa 40            
Italy 40         0.3  
Japan 225            

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

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