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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 12 June

Chris Beauchamp's insight

After a quiet week for markets on the events front (save for surprise hikes from the Bank of Canada and the Reserve Bank of Australia), this week sees the trio of the Federal Reseve (Fed), European Central Bank (ECB) and Bank of Japan (BoJ) make rate decisions. Expectations are for a hold from the Fed, a rise from the ECB and a hold at the BoJ. We also have US consumer price index (CPI) on the calendar, with expectations of a decline in price growth currently dominating. Equity news is quieter, but full-year numbers from Ashtead and a trading update from Tesco will provide interest.

 

Economic reports

  • Weekly view

Monday

None


Tuesday

1.30am – Australia Westpac consumer confidence (June): index to rise to 81.5. Markets to watch: AUD crosses

7am – UK unemployment data: May claimant count to fall to 22K, unemployment rate to hold at 3.9% in April. Average earnings to rise 4.7% for April. Markets to watch: GBP crosses

10am – German ZEW index (June): index to fall to -14. Markets to watch: EUR crosses

1.30pm – US CPI (May): inflation to fall to 4.7% YoY from 4.9% and 0.3% from 0.4% MoM. Core CPI to drop to 5.4% from 5.5% YoY and 0.3% from 0.4% MoM. Markets to watch: US indices, USD crosses


Wednesday

7am – UK GDP (April): growth to be 0.2% in April MoM. Markets to watch: GBP crosses

1.30pm – US PPI (May): factory-gate inflation to slow to 2.1% from 2.3% YoY and 0.1% from 0.2% MoM. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 9 June): previous week saw stockpiles fall by 450,000 barrels. Markets to watch: Brent, WTI

7pm – Fed rate decision: rates expected to be held at 5.25%. The 7.30pm press conference may provide further clues on the course of future policy. Markets to watch: global indices, USD crosses


Thursday

2.30am – Australia employment data (May): unemployment rate to hold at 3.7%. Markets to watch: AUD crosses

3am – China industrial production (May): production to rise 5.6% YoY. Markets to watch: CNH crosses

1.15pm – ECB rate decision (1.45pm press conference): rates to rise to 3.5%, further commentary in the press conference may drive volatility. Markets to watch: eurozone indices, EUR crosses

1.30pm – US retail sales (May), initial jobless claims (w/e 10 June), Philadelphia Fed index (June): May retail sales to rise 0.5%, and claims to rise to 275K. Markets to watch: US indices, USD crosses


Friday

4am – BoJ rate decision: rates expected to remain at -0.1%. Markets to watch: JPY crosses

3pm – US Michigan consumer sentiment (June, preliminary): index to rise to 60.8. Markets to watch: USD crosses

 

Company announcements

 

 

 

Monday
12 June

Tuesday
13 June

Wednesday
14 June

Thursday
15 June

Friday
16 June

Full-year earnings

  Ashtead Severfield Halfords,
Fuller Smith & Turner
 

Half/ Quarterly earnings

Oracle     Adobe  

Trading update*

  Bellway   Boohoo,
N Brown,
Bunzl
Tesco
 
 

Dividends

FTSE 100: Land Securities, RS Group

FTSE 250: Computacenter, 3i Infrastructure, Pets at Home, Intermediate Capital, AVI Global Trust, Warehouse REIT, Digital 9, LXI REIT

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
12 June
Tuesday
13 June
Wednesday
14 June
Thursday
15 June
Friday
16 June
Monday
19 June
FTSE 100     0.60      
Australia 200 0.1   0.7     0.2
Wall Street   4.8 15.4      
US 500 0.18 1.02 0.78 0.08   0.03
Nasdaq 0.50 1.28        
Netherlands 25            
EU Stocks 50            
China H-Shares 1.1 9.2   1.1   5.1
Singapore Blue Chip            
Hong Kong HS50 3.2 16.7 4.9 1.9   9.3
South Africa 40            
Italy 40         62.9  
Japan 225            

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