The Week Ahead On The Markets
The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 31 July
Chris Beauchamp's insight
A busy week of jobs data and earnings reports lies ahead. US payrolls end the week on Friday, while China purchasing managers index (PMI) and the US ISM PMIs are also key events along with eurozone gross domestic product (GDP). Earnings come from across the S&P 500, including Pfizer, Uber, Apple, Amazon and ConocoPhillips. The two tech giants are likely to be the most closely-watched this week.
Economic reports
- Weekly view
Monday
2.30am – China PMIs (July): manufacturing PMI to fall to 48 from 49, and non-manufacturing to fall to 52.9 from 53.2. Markets to watch: China indices, CNH crosses
10am – eurozone GDP (Q2, flash), CPI (July, flash): GDP to grow 0.3% QoQ from 0%, and 0.6% from 1.1% YoY. CPI to be 5.2% from 5.5% YoY, and fall 0.2% from a 0.3% rise MoM. Markets to watch: eurozone indices, EUR crosses
2.45pm – US Chicago PMI (July): index to rise to 43 from 41.5. Markets to watch: USD crosses
Tuesday
2.45am – China Caixin manufacturing PMI (July): index to fall to 49 from 50.5. Markets to watch: China indices, CNH crosses
5.30am – Reserve Bank of Australia rate decision: rates expected to rise 25 basis points, from 4.1% to 4.35%. Markets to watch: AUD crosses
8.55am – Germany unemployment (July): unemployment rate to hold at 5.7%. Markets to watch: EUR crosses
3pm – US ISM manufacturing PMI (July): index to rise to 48 from 46. Markets to watch: USD crosses
Wednesday
1.15pm – US ADP employment report (July): private payroll survey to show an increase of 210,000 jobs, compared to 497,000 in June. Markets to watch: US indices, USD crosses
3.30pm – US EIA crude oil inventories (w/e 28 July): previous week saw stockpiles fall by 600,000 barrels. Markets to watch: Brent, WTI
Thursday
2.45am – China Caixin services PMI (July): index to fall to 52 from 53.9. Markets to watch: China indices, CNH crosses
12pm – Bank of England rate decision: rates expected to rise 25bps as the Bank seeks to bring inflation under control. Now that UK CPI has slowed, we may see some caution about future hikes. Markets to watch: FTSE 100/250, GBP crosses
1.30pm – US initial jobless claims (w/e 29 July): claims to rise to 225K. Markets to watch: US indices, USD crosses
3pm – US ISM services PMI (July): index to fall to 52 from 53.9. Markets to watch: US indices, USD crosses
Friday
1.30pm – US non-farm payrolls (July): payrolls to rise 190K from 209K last month, and unemployment rate to hold at 3.6%. Average hourly earnings to rise 0.3% from 0.4% MoM, and 4.3% from 4.4% YoY. Markets to watch: US indices, USD crosses
1.30pm – Canada employment report (July): unemployment rate to rise to 5.5% from 5.4%. Markets to watch: CAD crosses
3pm – Canada Ivey PMI (July): expected to fall to 49.7 from 50.2. Markets to watch: CAD crosses
Company announcements
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
Full-year earnings |
Diageo | ||||
Half/ Quarterly earnings |
Pearson |
BP, Greggs, HSBC, Fresnillo, Travis Perkins, AIG, PayPal, Caterpillar, AMD, Starbucks, Uber, Merck, Pfizer |
Taylor Wimpey, BAE Systems, Haleon, Qualcomm, Kraft-Heinz |
LSE, |
WPP, Credit Agricole |
Trading update* |
Pets at Home, Next |
Dividends
FTSE 100: BT, Unilever, Lloyds, Reckitt Benckiser, RELX, Rentokil
FTSE 250: Oxford Instruments, Moneysupermarket.com, Games Workshop, Tyman, Rathbones, Jupiter, Inchcape, Vesuvius
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