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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 10 July

Chris Beauchamp's insight

This week sees the start of US earnings season, which will dominate the agenda for the time being as investors look over the latest set of corporate reports. But with Chinese and US consumer price index (CPI) on the calendar too there is plenty going on. Also worth watching will be the Bank of Canada (BoC) decision and UK employment data.

 

Economic reports

  • Weekly view

Monday

2.30am – China CPI (June): prices to rise 0.5% YoY and fall 0.1% MoM. Markets to watch: CNH crosses

 

Tuesday

7am – UK unemployment data (May): unemployment rate to hold at 3.9% in May and claimant count to fall 22K in June. Average earnings to rise 6.7% including bonus for three months to May. Markets to watch: GBP crosses

10am – German ZEW index (July): index to fall to -13. Markets to watch: EUR crosses

 

Wednesday

1.30pm – US CPI (June): prices to rise 3.6% YoY and 0.2% MoM, from 4% and 0.1% respectively. Core CPI to rise 5% and 0.3% respectively, from 5.3% and 0.4%. Markets to watch: US indices, USD crosses

3pm – Bank of Canada rate decision: rates expected to rise 25bps to 5%. Markets to watch: CAD crosses

3.30pm – US EIA crude oil inventories (w/e 7 July): stockpiles fell by 1.51 million barrels last week. Markets to watch: Brent, WTI

 

Thursday

4am – China trade balance (June): exports to fall 3.1% YoY. Markets to watch: CNH crosses

7am – UK GDP (May): growth to be flat MoM from 0.2%. Markets to watch: GBP crosses

1.30pm – US PPI (June), initial jobless claims (w/e 8 July): PPI to be -0.1% MoM from -0.3%. Claims fell to 248K last week. Markets to watch: USD crosses

 

Friday

3pm – US Michigan consumer sentiment (July, preliminary): index to rise to 64.5 from 64.4. Markets to watch: USD crosses

 

Company announcements

 

 

 

 

Monday
10 July

Tuesday
11 July

Wednesday
12 July

Thursday
13 July

Friday
14 July

Full-year earnings

         

Half/ Quarterly earnings

      PepsiCo,
Delta
JPMorgan,
Citigroup,
Wells Fargo

Trading update*

Dechra   JD Wetherspoon,
Tullow Oil,
PageGroup
Hayes,
John Wood Group
Burberry,
Fevertree

 

 
 

Dividends

FTSE 100: British American Tobacco, Halma

FTSE 250: WHSmith, Sirius Real Estate, Firstgroup, CMC, Oxford Instruments, Supermarket Income 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
10 July
Tuesday
11 July
Wednesday
12 July
Thursday
13 July
Friday
14 July
Monday
17 July
FTSE 100     5.20      
Australia 200           0.4
Wall Street            
US 500 0.07 0.10 0.47 0.15    
Nasdaq            
Netherlands 25            
EU Stocks 50            
China H-Shares            
Singapore Blue Chip            
Hong Kong HS50   3.2        
South Africa 40   58.5        
Italy 40            
Japan 225            

* Please note these can change without notice

* Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day

 

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