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 24 July
Chris Beauchamp's insight
This week is again dominated by earnings season in the US, which continues with technology companies such as Alphabet, Microsoft and Intel. Rate decisions by the Federal Reserve (Fed), European Central Bank’s (ECB) and the Bank of Japan (BoJ) in the latter part of the week will also be closely monitored. Flash purchasing managers index (PMI), consumer sentiment, US and French preliminary second quarter (Q2) gross domestic product (GDP) as well as German consumer price index (CPI) and US personal consumption expenditure price index (PCE) price inflation data will likely add some volatility to the mix.
Economic reports
- Weekly view
Monday
1.30am – Japan PMI (July, flash): manufacturing to rise to 50 and services to drop to 53.4. Markets to watch: JPY crosses
8.30am – Germany PMI (July, flash): manufacturing to fall to 40 and services to weaken to 52.9. Markets to watch: eurozone indices, EUR crosses
9am – eurozone PMI (July, flash): manufacturing to fall to 42.8 and services to fall to 51.5. Markets to watch: eurozone indices, EUR crosses
9.30am – UK PMI (July, flash): manufacturing PMI to fall to 46 and services to fall to 53. Markets to watch:
1.45 – US Chicago Fed index (June): index to rise to 0.2. Markets to watch: USD crosses
2.45pm – US PMI (July, flash): manufacturing PMI to fall to 46 and services to weaken to 54. Markets to watch:
Tuesday
9am – German IFO index (July): index to fall to 86.6 from 88.4. Markets to watch: EUR crosses
3pm – US consumer confidence (July): index to rise to 113 from 109.7. Markets to watch: USD crosses
Wednesday
2.30am – Australia inflation (Q2): prices to rise 6.3% YoY from 7% and 1.1% from 1.4% QoQ. Markets to watch: AUD crosses
3pm – US new home sales (June): sales to fall 4% MoM. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 21 July): stockpiles fell by 70.1 million barrels in the preceding week. Markets to watch: Brent, WTI
7pm – FOMC rate decision: US interest rates expected to rise to 5.5% from 5.25%. Press conference at 7.30pm. Markets to watch: US indices, USD crosses
Thursday
7am – German GfK consumer confidence (August): index to rise to -24. Markets to watch: EUR crosses
1.15pm – ECB rate decision: rates to rise to 4.25%. Press conference at 1.45pm, which may provide further detail on the outlook. Markets to watch: eurozone indices, EUR crosses
1.30pm – US GDP (Q2, advance), durable goods orders (June), initial jobless claims (w/e 22 July): GDP to rise 1.9% QoQ, from 2% in Q1. Durable goods orders to rise 1% and fall 0.1% excluding transportation. Markets to watch: US indices, USD crosses
3pm – US pending home sales (June): sales to rise 0.5% MoM. Markets to watch: USD crosses
Friday
4am – Bank of Japan rate decision: rates to be held at 0.1%. Markets to watch: JPY crosses
1pm – German CPI (July, preliminary): prices to rise 6.1% YoY and 0.2% MoM, from 6.4% and 0.3%. Markets to watch: EUR crosses
1.30pm – US PCE price index (June): core PCE price index to rise 0.2%, from 0.3% in May. Markets to watch: US indices, USD crosses
Company announcements
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Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
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Full-year earnings |
|||||
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Half/ Quarterly earnings |
Moneysupermarket.com, Philips, Ryanair |
Unilever, Deutsche Boerse, Alstom, Spotify, Alphabet, Microsoft, Visa, General Motors, Verizon, Snap |
British American Tobacco, Rio Tinto, Lloyds, GSK, Just Eat Takeaway, Stellantis, Carrefour, Deutsche Bank, Airbus, Boeing, Coca-Cola, AT&T |
BT, Shell, Barclays, TotalEnergies, Volkswagen, Nestle, Intel, Ford, McDonalds |
AstraZeneca, Standard Chartered, NatWest, IAG, Air France-KLM, Sanofi, Chevron, Procter & Gamble |
|
Trading update* |
Vodafone |
Dividends
FTSE 100: SSE
FTSE 250: Qinetiq, NB Private Equity, Monks Inv Trust, Bankers Inv Trust, City of London Inv 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
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Monday 17 July |
Tuesday 18 July |
Wednesday 19 July |
Thursday 20 July |
Friday 21 July |
Monday 24 July |
| FTSE 100 | ||||||
| Australia 200 | 0.4 | |||||
| Wall Street | 8.6 | 6.2 | ||||
| US 500 | 0.08 | 0.44 | 0.08 | 0.08 | ||
| Nasdaq | 0.01 | |||||
| Netherlands 25 | ||||||
| EU Stocks 50 | 2.4 | |||||
| China H-Shares | 1.3 | |||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 2.4 | |||||
| South Africa 40 | ||||||
| Italy 40 | 110.0 | |||||
| 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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