The Week Ahead On The Markets
Entry posted by MongiIG in Market News
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The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 23 October
Chris Beauchamp's insight
Earnings season is in full flow this week, and UK companies also join in, most notably with earnings from the banking sector for quarter three (Q3). Earnings and the ongoing conflict in the Middle East will be the main drivers, along with the European Central Bank (ECB) rate decision and US Q3 gross domestic product (GDP). It promises to be a busy week, with volatility at multi-week highs as well.
Economic reports
- Weekly view
Monday
1.30pm – US Chicago Fed index (September): index expected to rise to 0.05. Markets to watch: US indices, USD crosses
Tuesday
1.30am – Japan PMI (September, flash): manufacturing to rise to 49 from 48.5 and services to fall to 52.9 from 53.8. Markets to watch: JPY crosses
7am – UK unemployment rate (August): unemployment rate expected to hold at 4.3%. Markets to watch: GBP crosses
8.30am – German PMI (September, flash): manufacturing PMI to rise to 41.5 from 39.6. Markets to watch: eurozone indices, EUR crosses
9.30am – UK PMI (September, flash): manufacturing PMI to rise to 45 and services PMI to rise to 49.8 from 49.3. Markets to watch: GBP crosses
2.45pm – US PMI (September, flash): manufacturing to fall to 49.5 from 49.8 and services to fall from 50.1 to 49.8. Markets to watch: USD crosses
Wednesday
1.30am – Australia CPI (Q3): prices to rise 5.1% YoY and 0.9% QoQ, from 6% and 0.8%. Markets to watch: AUD crosses
9am – German IFO index (October): business climate index expected to rise to 86.9 from 85.7. Markets to watch: EUR crosses
3pm – Bank of Canada rate decision: rates expected to rise to 5.25% from 5%. Markets to watch: CAD crosses
3.30pm – US EIA crude oil inventories (w/e 20 October): stockpiles fell by 4.5 million barrels in the previous week. Markets to watch: Brent, WTI
Thursday
1.15pm – ECB rate decision: rates expected to remain at 4.5%. Markets to watch: eurozone indices, EUR crosses
1.30pm – US durable goods orders (September), GDP (Q3, advance reading), initial jobless claims (w/e 21 October): goods orders expected to rise 0.6% MoM, and GDP to rebound to 4.1% from 2.1% QoQ. Markets to watch: US indices, USD crosses
3pm – US pending home sales (September): expected to rise 0.9% MoM. Markets to watch: USD crosses
Friday
6.30am – French GDP (Q3, preliminary): growth to drop to 0.1% from 0.5% QoQ. Markets to watch: EUR crosses
1.30pm – US PCE index (September): prices forecast to rise 0.3% MoM. Core PCE to rise 0.3%. Markets to watch: USD crosses
Company announcements
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Monday 23 October |
Tuesday 24 October |
Wednesday 25 October |
Thursday 26 October |
Friday 27 October |
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Full-year earnings |
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Half/ Quarterly earnings |
Barclays, |
Standard Chartered, |
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Trading update* |
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Dividends
FTSE 100: None
FTSE 250: Morgan Advanced Materials, Balfour Beatty, Dunelm, City of London Inv Trust, Bankers Inv Trust
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
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Monday 23 October |
Tuesday 24 October |
Wednesday 25 October |
Thursday 26 October |
Friday 27 October |
Monday 30 October |
| FTSE 100 | 0.15 | |||||
| Australia 200 | 0.5 | 0.1 | ||||
| Wall Street | ||||||
| US 500 | 0.10 | 0.02 | 0.06 | 0.08 | 0.38 | 0.28 |
| Nasdaq | 0.26 | 1.51 | ||||
| Netherlands 25 | 0.07 | |||||
| EU Stocks 50 | 2.8 | |||||
| China H-Shares | ||||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | ||||||
| South Africa 40 | ||||||
| Italy 40 | ||||||
| Japan 225 |
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