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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 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

 

Monday
20 November

Tuesday
21 November

Wednesday
22 November

Thursday
23 November

Friday
24 November

Full-year earnings

Compass   Sage,
Grainger,
Britvic
   

Half/ Quarterly earnings

Zoom AO World,
Cranswick,
NVIDIA,
Best Buy,
HP
Johnson Matthey,
Severn Trent

MITIE,
FirstGroup

 

Trading update*

    Kingfisher

 

 

 

 
 

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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