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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 2 October

Chris Beauchamp's insight

An The Reserve Bank of Australia (RBA) rate decision and the monthly US payroll reports are the main events this week. Also key will be the ISM purchasing managers index (PMI) figures in the US. A quieter period for earnings (ahead of the start of earnings season the following week) nonetheless has first-half figures from Tesco to watch.

 

Economic reports

  • Weekly view

Monday

12.50am – Japan Tankan index (Q3): index expected to rise to 7. Markets to watch: JPY crosses

3pm – US ISM manufacturing PMI (September): 
index forecast to rise to 48.1. Markets to watch: US indices, USD crosses


Tuesday

4.30am – RBA rate decision: rates expected to be held at 4.1%. Markets to watch: AUD crosses

3pm – US JOLTS survey (August): 8.5 million jobs forecast to have been advertised, down from 8.83 million in July. Markets to watch: USD crosses


Wednesday

3pm – US ISM services PMI (September): index expected to fall to 53.7. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 29 Sept): inventories fell by 2.2 million barrels in the previous week. Markets to watch: Brent, WTI


Thursday

1.30pm – US initial jobless claims (w/e 30 September): claims forecast to rise to 210K from 204K. Markets to watch: USD crosses

3pm – Canada Ivey PMI (September): index expected to fall to 49.6, into contraction territory. Markets to watch: CAD crosses


Friday

1.30pm – US non-farm payrolls (September): payrolls expected to fall to 150K from 187K last month. Unemployment rate expected to hold at 3.8%. Average hourly earnings forecast to rise 0.3% MoM and 4.1% YoY, from 0.2% and 4.3% respectively. Markets to watch: US indices, USD crosses

1.30pm – Canada employment report (September): unemployment rate forecast to rise to 5.6% from 5.5%. Markets to watch: CAD crosses

 

Company announcements

 

Monday 2 October

Tuesday 3 October

Wednesday 4 October

Thursday 5 October

Friday 6 October

Full-year earnings

         

Half/ Quarterly earnings

  BooHoo Tesco Constellation Brands JD Wetherspoon

Trading update*

Greggs   Imperial Brands  
 
 

Dividends

FTSE 100: Centrica, Weir, Smith & Nephew, F&C Inv Trust

FTSE 250: Bodycote, Spectris, RIT Capital Partners, Travis Perkins, Morgan Sindall, Murray Int’l Trust, Bank of Georgia, Hunting, Hays, AG Barr

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
2 October
Tuesday
3 October
Wednesday
4 October
Thursday
5 October
Friday
6 October
Monday
9 October
FTSE 100     0.96      
Australia 200 0.1   0.1     0.1
Wall Street 2.6   10.9 4.4    
US 500 0.33 0.02 0.78 0.68   0.10
Nasdaq 3.55   0.39 0.16    
Netherlands 25   0.17        
EU Stocks 50         1.3  
China H-Shares   0.2        
Singapore Blue Chip            
Hong Kong HS50   0.4       1.4
South Africa 40            
Italy 40            
Japan 225            

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