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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 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

 

Monday 23 October

Tuesday 24 October

Wednesday 25 October

Thursday 26 October

Friday 27 October

Full-year earnings

 

 

ASOS

 

 

Half/ Quarterly earnings

 

Barclays,
Spotify,
General Motors,
Coca-Cola,
Visa,
Microsoft,
Alphabet,
General Electric,
Snap

Lloyds,
IBM,
Meta,
Boeing

Standard Chartered,
BNP Paribas,
TotalEnergies,
Ford,
Intel,
Amazon,
Merck

NatWest,
IAG,
Air France-KLM,
Exxon Mobil,
Chevron

Trading update*

 

Bunzl

 

Unilever

 

 

 
 

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

 

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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