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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 6 March

Chris Beauchamp's insight

The week is dominated by US employment reports in the shape of the monthly non-farm payroll (NFP) and automatic data processing (ADP) figures, and by rate decisions from the central banks of Australia, Canada and Japan. Only the first is expected to keep hiking rates, with the middle keeping them at their current high and the latter holding them once more. UK earnings cover a variety of sectors, but Greggs, Admiral and PageGroup might be key ones to monitor.

 

Economic reports

  • Weekly view

Monday

9.30am – UK construction PMI (February): expected to rise to 49.5. Markets to watch: GBP crosses

3pm – Canada Ivey PMI (February): forecast to fall to 55. Markets to watch: CAD crosses

Tuesday

3am – China trade data (February): exports to fall 3% MoM. Markets to watch: CNH crosses

3.30am – RBA rate decision: rates expected to rise 25bps to 3.6%. Markets to watch: AUD crosses

3pm – Fed chair Powell testimony: the Fed’s chairman will appear before US lawmakers. Markets to watch: US indices, USD crosses

Wednesday

1.30pm – US trade balance (January): deficit to widen to $68.8 billion. Markets to watch: USD crosses

3pm – Bank of Canada rate decision: rates to remain at 4.5%. Markets to watch: CAD crosses

3pm – Fed chair Powell testimony (cont). Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 3 March): stockpiles fell by 1.2 million barrels. Markets to watch: Brent, WTI

Thursday

1.30am – China CPI (February): prices to rise 2.3% YoY and 0.6% MoM, from 2.1% and 0.8% respectively. Markets to watch: CNH crosses

1.30pm – US initial jobless claims (w/e 4 March): expected to rise to 192K. Markets to watch: USD crosses

Friday

3am – BoJ rate decision: rates to remain at 0.1%. Markets to watch: JPY crosses

7am – UK GDP (January): expected to be flat MoM. Markets to watch: GBP crosses

1.30pm – US non-farm payrolls (February): payrolls to fall to 200K from 517K last month. Watch out for a potential revision to last month’s number. Unemployment rate to rise to 3.5% and average hourly earnings to rise 0.3% and 4.3% YoY. Markets to watch: US indices, USD crosses

1.30pm – Canada employment report (February): unemployment rate to rise to 5.2%. Markets to watch: CAD crosses

 

Company announcements

 

 

 

Monday
6 March

Tuesday
7 March

Wednesday
8 March

Thursday
9 March

Friday
10 March

Full-year earnings

 

Just Group,
Fresnillo,
Greggs,
Reach,
Foxtons

Tullow Oil,
Legal & General,
Admiral,
Hiscox

Hammerson,
PageGroup,
Aviva,
Entain

 

Half/ Quarterly earnings

 

Ferguson,
Ashtead

Darktrace,
Galliford Try,
Adidas

Kier,
Oracle,
Gap

 

Trading update*

         
 
 

Dividends

FTSE 100: Rio Tinto, Melrose, Beazley

FTSE 250: Renishaw, PZ Cussons, Energean, Dechra Pharmaceuticals, Warehouse REIT, Law Debenture Corp, Alliance Trust, Tritax Big Box, LondonMetric Property, Assura

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
6 March
Tuesday
7 March
Wednesday
8 March
Thursday
9 March
Friday
10 March
Monday
13 March
FTSE 100     8.40      
Australia 200 1.8 15.0 32.7 0.5 0.2 0.1
Wall Street   13.8 6.1 10.9   4.8
US 500 0.11 0.35 0.65 0.31 0.09 0.96
Nasdaq 0.10   1.15   0.12 1.78
Netherlands 25            
EU Stocks 50            
China H-Shares   0.3        
Singapore Blue Chip            
Hong Kong HS50   10.6   4.0    
South Africa 40   89.3        
Italy 40            
Japan 225            

 

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