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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 19 June

Chris Beauchamp's insight

This week’s focus will be squarely on the UK. With the Federal Reserve (Fed), European Central Bank (ECB) and Bank of Japan (BoJ) out of the way investors will turn their eye to the UK economy. Inflation and then the Bank of England (BoE) rate decision are sure to be points of note, as the latter continues its fight to bring the former under control. Testimony from Jerome Powell may touch on the outlook for US monetary policy, and on Friday flash purchasing managers’ indices (PMI) will provide fresh insight into the global economy. Corporate news is lighter, though FedEx earnings can provide a clue on the global economy, and UK investors will be interested to see what insights Whitbread provides on the state of UK consumer spending.

 

Economic reports

  • Weekly view

Monday

Juneteenth holiday – US markets closed

None


Tuesday

1.30pm – US housing starts & building permits (May): starts to fall 1.2% and permits to rise 0.6%. Markets to watch: USD crosses


Wednesday

7am – UK CPI (May): prices to rise 8.4% YoY from 8.7% and 0.4% from 1.2% MoM. Coire CPIU to rise 5.8% YoY from 6.8%. Markets to watch: GBP crosses


Thursday

12pm – Bank of England rate decision: rates expected to rise 25bps to 4.75% as the bank reacts to strong UK wage data. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 17 June): claims rose to 262K in the preceding week. Markets to watch: USD crosses

3pm – eurozone consumer confidence (June, flash): expected to rise slightly to -17. Markets to watch: EUR crosses

3pm – Jerome Powell testimony: the Fed chair may look to comment on the future path of US rates. Markets to watch: US indices, USD crosses

3pm – US existing home sales (May): sales to fall 0.5% MoM. Markets to watch: USD crosses

4pm – US EIA crude oil inventories (w/e 16 June): stockpiles rose by 7.9 million barrels in the preceding week. Markets to watch: Brent, WTI


Friday

12.3am – Japan CPI (May): prices to rise 3.2% YoY from 3.5%. Markets to watch: JPY crosses

7am – UK retail sales (May): sales to rise 0.5% MoM and fall 2.4% YoY. Markets to watch: GBP crosses

8.30am – German PMIs (June, flash): manufacturing PMI to fall to 43. Markets to watch: EUR crosses

9am – eurozone PMIs (June, flash): manufacturing to rise to 45.2 and services to hold at 55.1. Markets to watch: EUR crosses

9.30am – UK PMIs (June, flash): services to fall to 54.4 and manufacturing to fall to 46.5. Markets to watch: GBP crosses

2.45pm – US manufacturing & services PMI (June, flash): manufacturing to rise to 49.7 and services to fall to 53. Markets to watch: US indices, USD crosses

 

Company announcements

 

 

 

Monday
19 June

Tuesday
20 June

Wednesday
21 June

Thursday
22 June

Friday
23 June

Full-year earnings

    Berkeley Mulberry,
DS Smith
 

Half/ Quarterly earnings

  FedEx     Carnival

Trading update*

  Sthree   Whitbread  
 
 

Dividends

FTSE 100: 3i, Airtel Africa, British Land, Experian, United Utilities

FTSE 250: Mercantile Inv Trust, Tate & Lyle, discoverIE, MITIE, Personal Assets Trust

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
19 June
Tuesday
20 June
Wednesday
21 June
Thursday
22 June
Friday
23 June
Monday
26 June
FTSE 100     3.47      
Australia 200 0.2       0.1 2.9
Wall Street            
US 500 0.03 0.29 0.39 0.04 0.10  
Nasdaq   1.93        
France 40   8.1     0.2  
Netherlands 25            
EU Stocks 50   2.6        
China H-Shares 5.1 8.3   0.7 2.9  
Singapore Blue Chip            
Hong Kong HS50 9.2 15.1   1.3 5.3  
South Africa 40   20.1        
Italy 40         2.3  
Japan 225            

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