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The Week Ahead On The Markets



The Week Ahead

Read about upcoming market-moving events and plan your trading week

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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


Juneteenth holiday – US markets closed



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


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


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


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




19 June

20 June

21 June

22 June

23 June

Full-year earnings

    Berkeley Mulberry,
DS Smith

Half/ Quarterly earnings

  FedEx     Carnival

Trading update*

  Sthree   Whitbread  


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


19 June
20 June
21 June
22 June
23 June
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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