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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 18 September

Chris Beauchamp's insight

This week is dominated by central bank meetings, namely the Bank of Japan (BoJ), Federal Reserve (Fed), and the Bank of England (BoE). Canadian, UK, and Japanese consumer price index (CPI) will also be important events to monitor, as inflation and the potential for a resurgence in price growth, continue to dominate financial market newsflow, particularly in the wake of the increase in CPI and producer price index (PPI) in the US last month. Updates are expected from UK firms Next, ASOS, and Galliford Try.

 

Economic reports

Weekly View

Monday

None


Tuesday

2.30 am – RBA meeting minutes. Markets to watch: AUD crosses

1.30 pm – Canada CPI (August): prices rose 3.3% YoY and 0.6% MoM in July. Markets to watch: CAD crosses


Wednesday

7 am – UK CPI (August): prices expected to rise 6.7% YoY and fall 0.2% MoM. Markets to watch: GBP crosses

3.30 pm – US EIA crude oil inventories (w/e 15 September): stockpiles rose by 3.9 million barrels in the preceding week. Markets to watch: Brent, WTI

7 pm – Fed rate decision: rates expected to be held at 5.5%. Press conference follows at 7.30pm. Markets to watch: US indices, USD crosses


Thursday

12pm – Bank of England rate decision: rates forecast to rise 25bps to 5.5%. Markets to watch: GBP crosses

1.30 pm – US initial jobless claims (w/e 16 September): claims to rise to 222K from 220K. Markets to watch: USD crosses

3 pm – US existing home sales (August): sales to rise 1.5% MoM. Markets to watch: USD crosses


Friday

12.30 am – Japan CPI (August): prices expected to rise 3% YoY. Markets to watch: JPY crosses

4 a.m. – Bank of Japan rate decision: rates expected to be held at -0.1%. Markets to watch: Japanese indices, JPY crosses

8.30 am – German mfg PMI (September, flash): expected to rise to 41.5. Markets to watch: eurozone indices, EUR crosses

9 am – eurozone PMI (September, flash): manufacturing to rise to 44.9 and services to rise to 49.1. Markets to watch: eurozone indices, EUR crosses

9.30 am – UK PMI (September, flash): services to fall to 49.1 and manufacturing to rise to 43.6. Markets to watch: GBP crosses

2.45 pm – US PMI (September, flash): manufacturing to rise to 48.8 and services to fall to 49, from 50.5, signaling contraction. Markets to watch: US indices, USD crosses

 

Company announcements

 

Monday 18 September

Tuesday 19 September

Wednesday 20 September

Thursday 21 September

Friday 22 September

Full-year earnings

    Galliford Try,
Dunelm
DFS Furniture  

Half/ Quarterly earnings

  Kingfisher   Next,
JD Sports

Trading update*

Sthree,
Ocado,
ASOS,
TUI
  Grainger
 
* Please note these can change without notice
 
 

Dividends

FTSE 100: None

FTSE 250: Crest Nicholson, FDM Group, Essentra, Grafton, JTC, Dowlais, Redrow

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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