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 20 November
Chris Beauchamp's insight
Next week is sparser in terms of key data, though eurozone watchers will keep an eye on the German IFO data. Consumer Price Index (CPI) in Canada will also be of interest, along with minutes from the Reserve Bank of Australia (RBA) and the Federal Reserve bank (Fed), covering their latest decisions to raise rates and leave them unchanged, respectively. Earnings season in the US is winding down, but NVIDIA and HP will be key names in the first half of the week. In the UK, AO World and Kingfisher could prove the most interesting for UK traders. The US Thanksgiving holiday takes place at the end of the week, resulting in a quiet second half of the week as US markets are closed on Thursday and have a half day on Friday.
Economic reports
- Weekly view
Monday
None
Tuesday
12.30am – RBA meeting minutes. Markets to watch: AUD crosses
1.30pm – Canada CPI (October): price growth to be -0.1% Month on month (or MoM) and 3.8% Year-over-year (YoY,) from 0.2% and 3.3% respectively. Core CPI to be 2.8% YoY from 2.6%. Markets to watch: CAD crosses
1.30pm – US Chicago Fed index (October): index to rise to 0.02. Markets to watch: USD crosses
3pm – US existing home sales (October): sales to fall 1% MoM. Markets to watch: USD crosses
7pm – Fed minutes: these will look at the latest decision to leave unchanged rates unchanged. Markets to watch: US indices, USD crosses
Wednesday
12.30pm – UK autumn statement: the chancellor, Jeremy Hunt, will unveil the government’s spending plans for the next six months. Markets to watch: GBP crosses
1.30pm – US durable goods orders (October), initial jobless claims (w/e 18 November): orders to rise 4.7% MoM. Claims to fall to 225K from 231K. Markets to watch: US indices, USD crosses
3.30pm – US EIA crude oil inventories (w/e 17 November): stockpiles rose by 3.59 million barrels last week. Markets to watch: Brent, WTI
Thursday
Thanksgiving – US markets closed
Workers’ Day – Tokyo Stock Exchange closed
8.30am – German manufacturing Purchasing Managers Index (PMI) (November, flash): previous reading 40.8. Markets to watch: EUR crosses
9.30am – UK services & manufacturing PMI (November, flash): services to hold at 49.5 and manufacturing to rise to 45.1. Markets to watch: GBP crosses
11.30pm – Japan CPI (October): prices to rise 3.2% YoY from 3% and core CPI to rise 2.9% YoY from 2.8%. Markets to watch: JPY crosses
Friday
9am – German IFO index (November): previous reading 86.9. Markets to watch: EUR crosses
2.45pm – US manufacturing & services PMI (November, flash): manufacturing to hold at 50 and services to drop to 50.5 from 50.6. Markets to watch: USD crosses
Company announcements
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Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
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Full-year earnings |
Compass |
Sage, Grainger, Britvic |
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Half/ Quarterly earnings |
Zoom |
AO World, Cranswick, NVIDIA, Best Buy, HP |
Johnson Matthey, Severn Trent |
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Trading update* |
Kingfisher |
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Dividends
FTSE 100: Scottish Mortgage Inv Trust, RS Group, National Grid, Vodafone, Imperial Brands, DCC
FTSE 250: 3i Infrastructure, Witan Inv Trust, Tate & Lyle, Urban Logistics, Kainos Group, British Land, Babcock, HICL Inf Fund, Liontrust Asset Management
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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