The Week Ahead On The Markets
Entry posted by MongiIG in Market News
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The Week Ahead
Read about upcoming market-moving events and plan your trading week
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
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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