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The Week Ahead On The Markets


AshishIG

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The Week Ahead

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

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Week commencing 25th September

Chris Beauchamp's insight

After the excitement of last week, attention this week turns to US durable goods orders and the monthly Personal Consumption Expenditure (PCE) price index. French, German and eurozone inflation will be key for near-term direction of the euro. Key corporate reports include ASOS, H&M, Nike and Carnival.

Economic reports

Monday

9am – German IFO index (September): index expected to fall to 84.3. Markets to watch: EUR crosses

1.30pm – Chicago Fed nat’l activity index (August): expected to rise to 0.15. Markets to watch: USD crosses


Tuesday

3pm – US new home sales (August), consumer confidence (September): sales to fall 1.7% MoM and confidence forecast to weaken, falling to 106.9. Markets to watch: USD crosses


Wednesday

7am – German GfK consumer confidence (October): index to rise to -24.8. Markets to watch: EUR crosses

1.30pm – US durable goods orders (August): orders to fall 2.9% MoM. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 22 Sept): stockpiles fell by 2.1 million barrels in the previous week. Markets to watch: Brent, WTI


Thursday

1pm – German CPI (September, preliminary): prices to rise 5.9% YoY and 0.6% MoM, from 6.1% and 0.3% in August. Markets to watch: eurozone indices, EUR crosses

1.30pm – US initial jobless claims (w/e 23 September), GDP (Q2, final): claims forecast to rise to 205K from 201K, and GDP to be revised to 2.2% QoQ. Markets to watch: US indices, USD crosses

3pm – US pending home sales (August): sales expected to rise 0.2%. Markets to watch: USD crosses


Friday

2.45am – China Caixin services & manufacturing PMI (September): manufacturing PMI expected to drop back into contraction territory, falling to 49, while services rises to 52.6. Markets to watch: China indices, CNH crosses

 

7.45 am – French CPI (September, preliminary): prices forecast to rise 4.8% YoY and fall 0.7% MoM, compared o 4.9% and a 1% rise in August. Markets to watch: eurozone indices, EUR crosses

8.55am – German unemployment data (September): unemployment rate to hold at 5.7%. Markets to watch: EUR crosses

10am – eurozone inflation (September, flash): prices expected to rise 5.5% YoY and 0.5% MoM, compared to 5.2% and 0.5% in August. Core CPI forecast to rise 4.5% YoY, a slowdown from August’s 5.3%. Markets to watch: eurozone indices, EUR crosses

1.30pm – US PCE price index (August): the Fed’s preferred measure of inflation, PCE index forecast to rise 3.5% YoY and 0.4% MoM, compared to 3.3% and 0.2% in July. Core PCE expected to be 0.2%, in line with July. Markets to watch: US indices, USD crosses

2.45pm – US Chicago PMI (September): index forecast to rise to 49. Markets to watch: USD crosses

 

Company announcements

 

Monday 25 September

Tuesday 26 September

Wednesday 27 September

Thursday 28 September

Friday 29 September

Full-year earnings

  Ferguson,
PZ Cussons,
Close Brothers
     

Half/ Quarterly earnings

  AG Barr,
Costco
Saga,
Old Mutual,
Pendragon,
H&M,
Micron Tech
Avacta,
Nike
Carnival

Trading update*

  United Utilities,
ASOS
     
 
 

Dividends

FTSE 100: British American Tobacco, Rightmove, Smurfit Kappa, Barratt Developments, Phoenix Group, M&G

FTSE 250: Kainos, TP ICAP, Foresight Group, Petershill Partners, Computacenter, Games Workshop, Hipgnosis Songs Fund

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

 

Monday
25 September
Tuesday
26 September
Wednesday
27 September
Thursday
28 September
Friday
29 September
Monday
2 October
FTSE 100     7.65      
Australia 200     0.6     0.1
Wall Street           2.6
US 500 0.29 0.09 0.56 0.14 0.02 0.33
Nasdaq     1.12     3.55
Netherlands 25            
EU Stocks 50            
China H-Shares            
Singapore Blue Chip            
Hong Kong HS50            
South Africa 40   143.6        
Italy 40            
Japan 225     222.3

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