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The Week Ahead On The Markets


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The Week Ahead

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

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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
31 July

Tuesday
1 August

Wednesday
2 August

Thursday
3 August

Friday
4 August

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,
Adidas,
Societe Generale,
BMW,
Ab InBev,
ConocoPhillips,
GoPro,
Airbnb,
Coinbase,

Moderna
Apple,
Amazon

WPP,
Credit Agricole

Trading update*

      Pets at Home,
Next
 

 

 

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