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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 8 May

Chris Beauchamp's insight

This week’s key event is US consumer price index (CPI), which will provide the chance for volatility in the US dollar. Earnings season slows down after the big names of the last two weeks. Other key events will be the Bank of England (BoE) rate decision, and also UK gross domestic product (GDP) for quarter one (Q1).

 

Economic reports

  • Weekly view

Monday

UK Coronation bank holiday – UK markets closed

2.30am – Australia NAB business confidence index (April): index to rise to 1 from -1. Markets to watch: AUD crosses


Tuesday

1.30am – Australia consumer confidence index (May): expected to fall to 82.1 from 85.8. Markets to watch: AUD crosses

4am – China trade data (April): exports to rise by 11% compared to 14.8% in March. Markets to watch: CNH crosses


Wednesday

1.30pm – US CPI (April): prices expected to have risen 4.9% YoY from 5%, and fall 0.2% from a 0.4% rise MoM. Core CPI to be 5.6% YoY and 0.5% MoM, from 5.6% and 0.4% respectively. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 5 May): stockpiles fell by 1.3 million barrels in the preceding week. Markets to watch: Brent, WTI


Thursday

2.30am – China CPI (April): prices to rise 0.9% YoY and 0.1% MoM, from 0.7% and -0.3%. Markets to watch: CNH crosses

12pm – BoE rate decision: rates expected to rise to 4.5%, though signs of dissent could indicate a resistance to further rate increases. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 6 May), PPI (April): prices expected to have fallen 0.1% MoM, claims to rise to 248K. Markets to watch: USD crosses


Friday

7am – UK GDP (Q1, preliminary): growth expected to have been 0.1% QoQ and -0.5% YoY. Markets to watch: GBP crosses

3pm – US Michigan consumer sentiment (May): expected to fall to 63. Markets to watch: USD crosses

 

Company announcements

 

 

 

Monday
8 May

Tuesday
9 May

Wednesday
10 May

Thursday
11 May

Friday
12 May

Full-year earnings

         

Half/ Quarterly earnings

PayPal   ASOS,
TUI,
Compass,
Walt Disney
   

Trading update*

  Direct Line JD Wetherspoon John Wood Group,
ITV
 
 
 

Dividends

FTSE 100: Tesco, HSBC, BP

FTSE 250: Sthree, Serco, Clarkson, Inchcape, AG Barr, Petershill Partners, TBC Bank Group, Tritax Big Box

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
8 May
Tuesday
9 May
Wednesday
10 May
Thursday
11 May
Friday
12 May
Monday
15 May
FTSE 100     11.84      
Australia 200   9.4 7.6   12.9  
Wall Street 10.9   9.8 1.6    
US 500 0.29 0.11 0.88 0.93 0.61 0.22
Nasdaq 0.43 0.48 1.40 3.03 0.37 0.13
Netherlands 25     0.72 0.29 0.2  
EU Stocks 50 4.3   2.5 6.9 2.2  
China H-Shares         0.9  
Singapore Blue Chip 0.76          
Hong Kong HS50     22.1   4.0  
South Africa 40   24.4        
Italy 40            
Japan 225            

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