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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 29 May

Chris Beauchamp's insight

A quieter week lies ahead for the most part, though US job numbers on Friday provide the potential for some volatility. But with the debt ceiling now nearly reached, investors will be watching to see if US politicians can sort a deal before the 1 June ‘X Day’. 

Economic reports

 

  • Weekly view

Monday

UK, US, German and French bank holiday


Tuesday

3pm – US consumer confidence (May): index to weaken to 100 from 101.3 Markets to watch: USD crosses


Wednesday

2.30am – China mfg & non-mfg PMI (May): mfg index to rise to 49.8 and non-mfg to fall to 55. Markets to watch: China indices, CNH crosses

8.55am – German unemployment (May): unemployment rate to hold at 5.6%. Markets to watch: EUR crosses

1pm – German CPI (May, preliminary): prices to rise 0.4% MoM and 6.7% YoY, from 0.4% and 7.2% respectively. Markets to watch: EUR crosses

1.30mp – Canada GDP (Q1): QoQ rate to rise to 0.5% from 0%. Markets to watch: CAD crosses

2.45pm – US Chicago PMI (May): index to fall to 47.3. Markets to watch: USD crosses

3pm – US JOLTS job openings (April): openings to fall to 9.2 million from 9.59 million. Markets to watch: USD crosses


Thursday

2.45am – China Caixin mfg PMI (May): index to rise to 50 from 49.5, back into expansion territory. Markets to watch: CNH crosses

10am – eurozone inflation (May, flash), unemployment rate (April): inflation to slow to 6.5% from 7% YoY. Unemployment to hold at 6.5%. Markets to watch: EUR crosses

1.15pm – US ADP employment report (May): 200K jobs expected to have been created, from 296K a month earlier. Markets to watch: US indices, USD crosses

1.30pm – US initial jobless claims (w/e 27 May): Markets to watch: US indices, USD crosses

3pm – US ISM mfg PMI (May): index to fall to 47 from 47.1. Markets to watch: US indices, USD crosses

4pm – US EIA crude oil inventories (w/e 26 May): Markets to watch: Brent, WTI


Friday

1.30pm – US non-farm payrolls (May): payrolls to fall to 180K from 253K, and unemployment rate to rise to 3.5% from 3.4%. Average hourly earnings to rise 4.4% YoY and 0.4% MoM. Markets to watch: US indices, USD crosses

 

Company announcements

 

 

 

Monday
29 May

Tuesday
30 May

Wednesday
31 May

Thursday
1 June

Friday
2 June

Full-year earnings

      Pennon  

Half/ Quarterly earnings

  HP    Broadcom,
Dell
 

Trading update*

    WHSmith    
 
 

Dividends

FTSE 100: Informa, Assoc. British Foods, Sage, Scottish Mortgage Inv Trust, National GridSevern Trent

FTSE 250: Keller, Hill & Smith, Marshalls, Centamin, Hilton Food, JTC, Alliance Trust, LondonMetric Property, Great Portland EstatesLaw Debenture Corp

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
29 May
Tuesday
30 May
Wednesday
31 May
Thursday
1 June
Friday
2 June
Monday
5 June
FTSE 100     6.91      
Australia 200     0.0   0.3  
Wall Street 4.6 30.3   12.3    
US 500 0.28 0.88 0.76 0.25 0.07 0.12
Nasdaq 0.28 1.03 1.75 0.44 0.61 0.04
Netherlands 25       0.28   0.43
EU Stocks 50 6.4          
China H-Shares 0.3     0.8 2.0 0.4
Singapore Blue Chip            
Hong Kong HS50 0.6     3.6 3.8 1.6
South Africa 40            
Italy 40            
Japan 225            

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