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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 22 May

Chris Beauchamp's insight

This week sees the release of UK consumer price index (CPI) and Federal Reserve Bank (Fed) minutes, potentially major drivers for GBP/USD and indeed for many other dollar crosses. Flash purchasing managers index (PMI) on Tuesday will also provide some more insight into the state of the global economy. There is plenty of corporate data too, including Ryanair and Marks & Spencer in the UK, plus the insurer Aviva, while in the US Nvidia and Gap are also worth watching.

Economic reports

  • Weekly view

Monday

3pm – eurozone consumer confidence (May, flash): index to rise to -16. Markets to watch: EUR crosses


Tuesday

1.30am – Japan PMI (May, flash): mfg to rise to 50.2, back into expansion territory. Services to rise to 55.9. Markets to watch: Nikkei 225, JPY crosses

8.30am – German PMI (May, flash): mfg to fall to 43.6 and services to rise to 56.6. Markets to watch: eurozone indices, EUR crosses

9am – eurozone PMI (May, flash): Markets to watch: eurozone indices, EUR crosses

9.30am – UK PMI (May, flash): services to rise to 56 and mfg to rise to 48.8. Markets to watch: FTSE 100/250, GBP crosses

2.45pm – US PMI (May, flash): services PMI to fall to 53 and mfg to rise to 50.2. Markets to watch: US indices, USD crosses

3pm – US new home sales (April), Richmond Fed index (May): sales to fall 2%. Richmond Fed index to fall to -15. Markets to watch: US indices, USD crosses


Wednesday

7am – UK CPI (April): prices expected to rise 8.5% YoY from 10.1% in March, and 1% MoM from 0.8% in March. Core CPI to rise 5.7% YoY and 0.8% MoM. Markets to watch: GBP crosses

9am – German IFO index (May): index to fall to 93.2. Markets to watch: EUR crosses

3.30pm – US EIA crude oil inventories (w/e 19 May): stockpiles fell by 127,000 barrels in the previous week. Markets to watch: Brent, WTI

7pm – FOMC minutes: these will look at the Fed’s latest decision to raise rates and potentially reveal further hints about the possible ‘pause’ in policy tightening. Markets to watch: US indices, USD crosses


Thursday

7am – German GfK consumer confidence (June): index to rise to -24. Markets to watch: EUR crosses

1.30pm – US initial jobless claims (w/e 20 May), Chicago Fed index (April), GDP (Q1, 2nd estimate): claims to rise to 245K, Chicago Fed index to rise to 0.2 and GDP expected to be 1.1% QoQ. Markets to watch: US indices

3pm – US pending home sales (April): sales to rise 1.4% MoM. Markets to watch: USD crosses


Friday

7am – UK retail sales (April): sales to rise 0.3% MoM. Markets to watch: GBP crosses

1.30pm – US durable goods orders, PCE price index (April): PCE price index to rise 4.1% YoY and 0.2% MoM, and core PCE to be 0.3% MoM. Durable goods orders to fall 0.9% overall and 0.4% excluding transportation. Markets to watch: USD crosses

 

Company announcements

 

 

 

Monday
22 May

Tuesday
23 May

Wednesday
24 May

Thursday
25 May

Friday
26 May

Full-year earnings

Ryanair,
Big Yellow,
Wincanton
  Severn Trent,
Marks & Spencer,
N Brown
Tate & Lyle,
United Utilities,
Pets at Home
 

Half/ Quarterly earnings

Zoom Topps Tiles,
Toll Bros,
Urban Outfitters
Nvidia,
Snowflake,
Abercrombie & Fitch
Gap,
Costco,
Best Buy
 

Trading update*

  Kier Kingfisher,
Close Bros,
Great Portland Estates,
Aviva
   
 
 

Dividends

FTSE 100: Intertek, Kingfisher, Whitbread, Imperial Brands, DCC

FTSE 250: Spire, IP Group, TI Fluid Systems, Bellway, Diversified Energy Co, Victrex, Grainger, Diploma, Britvic

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
22 May
Tuesday
23 May
Wednesday
24 May
Thursday
25 May
Friday
26 May
Monday
29 May
FTSE 100     2.76      
Australia 200     1.0 0.3    
Wall Street   7.8       4.6
US 500   0.48 0.17 0.25   0.33
Nasdaq     0.53 0.19   0.72
Netherlands 25   0.09     0.2  
EU Stocks 50   10.5       6.4
China H-Shares         1.6 0.3
Singapore Blue Chip         0.11  
Hong Kong HS50   6.6     5.7 0.6
South Africa 40            
Italy 40   349.9        
Japan 225            

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