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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

IG Group.PNG
 

Week commencing 4 September

Chris Beauchamp's insight

US Labor Day ensures a quieter start to the week, but rate decisions from the Australian and Canadian central banks and the US ISM services purchasing managers index (PMI) will be worth watching later on. UK corporate news dominates, including earnings from Ashtead and Barratt Developments.

 

Economic reports

  • Weekly view

Monday


Labor Day – US markets closed

7am – German trade balance (July): surplus to rise to €19.1 billion. Markets to watch: EUR crosses


Tuesday


2.45am – China Caixin services PMI (August): expected to fall to 54 from 54.1. Markets to watch: CNH crosses

5.30am – RBA rate decision: rates expected to remain at 4.1%. Markets to watch: AUD crosses

3pm – US factory orders (July): orders to rise 0.1% MoM. Markets to watch: USD crosses


Wednesday


2.30am – Australia GDP (Q2): growth to be 0.2% QoQ and 1.5% YoY. Markets to watch: AUD crosses

9.30am – UK construction PMI (August): expected to fall to 51.2 from 51.7. Markets to watch: GBP crosses

1.30pm – US trade balance (July): deficit to increase to $68 billion. Markets to watch: USD crosses

3pm – US ISM services PMI (August): forecast to fall to 52.4 from 52.7. Markets to watch: USD crosses

3pm – Bank of Canada rate decision: rates expected to hold at 5%. Markets to watch: CAD crosses


Thursday


4am – China trade balance (August): exports to fall 10%, a an improvement on July’s 14.5% drop. Markets to watch: China indices, CNH crosses

1.30pm – US initial jobless claims (w/e 2 September): claims to fall to 239,000. Markets to watch: USD crosses

3pm – Canada Ivey PMI (August): previous reading 48.6. Markets to watch: CAD crosses

4pm – EIA crude oil inventories (w/e 1 September): stockpiles fell by 10.6 million barrels in the previous week. Markets to watch: Brent, WTI


Friday

1.30pm – Canada employment data (August): unemployment rate to hold at 5.5%. Markets to watch: CAD crosses

 

 

Company announcements

 

 

 

 

Monday
4 September

Tuesday

5 September

Wednesday

6 September

Thursday

7 September

Friday

8 September

Full-year earnings

    Darktrace,
Restaurant Group,
Barratt Developments,
Dechra Pharmaceuticals
   

Half/ Quarterly earnings

  Ashtead   Vistry,
Direct Line,
Beazley
Computacenter

Trading update*

DS Smith WHSmith,
Halfords
 

 

 
 

Dividends

FTSE 100: DS Smith, Admiral, Prudential

FTSE 250: Baltic Classifieds, Greggs, Serco, CLS Holdings, Derwent London, TBC Bank Group, Empiric Student Property, Harbour Energy, Assura

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.

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