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The Week Ahead On The Markets


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The Week Ahead

Read about upcoming market-moving events and plan your trading week

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Week commencing 4 December

Chris Beauchamp's insight

Week commencing 4 December

Chris Beauchamp's insight

Key events this week include a rate decision in Australia from the Reserve Bank of Australia (RBA), as well as the monthly US job reports. Given the recent weakness in Chinese equities compared to other global indices, the Caixin purchasing managers index (PMI) and trade data will be in focus for that economy. Corporate news is lighter, though Ashtead, Frasers and Berkeley Group are notable UK highlights this week.

Economic reports

 

Weekly View

Monday

3 pm – US factory orders (October): expected to fall 2.3% MoM. Markets to watch: USD crosses


Tuesday

1.45 am – China Caixin services PMI (November): expected to rise to 51 from 50.4. Markets to watch: CNH crosses

3.30 am – RBA rate decision: rates expected to remain unchanged at 4.35%. Markets to watch: AUD crosses

3 pm – US ISM services PMI (November): expected to fall to 51.5 from 51.8. Markets to watch: US indices, USD crosse


Wednesday

12.30 am – Australia GDP (Q3): growth to slow to 0.3% from 0.4% QoQ, and to 1.7% from 2.1% YoY. Markets to watch: AUD crosses

9.30 am – UK construction PMI (November): previous reading 45.6. Markets to watch: GBP crosses

1.15 pm – US ADP employment report (November): 95,000 jobs expected to have been created, down from 113,000. Markets to watch: US indices, USD crosses

3 pm – Canada Ivey PMI (November): previous reading 53.4. Markets to watch: CAD crosses

3.30 pm – US EIA crude oil inventories (w/e 1 December): stockpiles rose by 1.61 million barrels in the preceding week. Markets to watch: Brent, WTI


Thursday

3 am – China trade data (November): exports are expected to have fallen 5.1% YoY and imports to rise 4% YoY. Markets to watch: China indices, CNH crosses

1.30 pm – US initial jobless claims (w/e 2 December): claims forecast to rise to 225K from 218K. Markets to watch: US indices, USD crosses


Friday

1.30 pm - US non-farm payrolls (November): payrolls expected to rise 100K, from last month’s 150K. The unemployment rate is to hold at 3.9%, while average hourly earnings are expected to rise 0.2% MoM and 4% YoY, from 0.2% and 4.1% respectively. Markets to watch: US indices, USD crosses

3 pm – US Michigan confidence index (December, preliminary): index forecast to rise to 61.4 from 61.3. Markets to watch: USD crosses

 

Company announcements

 

Monday
4 December

Tuesday
5 December

Wednesday
6 December

Thursday
7 December

Friday
8 December

Full-year earnings

  Victrex,
On the Beach
     

Half/ Quarterly earnings

  Ferguson,
Ashtead,
Moonpig
Naked Wines Frasers,
DS Smith
Berkeley Group

Trading update*

      Balfour Beatty  

 

 
 

Dividends

FTSE 100: Next, JD Sports

FTSE 250: Ninety One, Intermediate Capital, Energean, Investec, Pets at Home, LXi Reit, Assura

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
4 December
Tuesday
5 December
Wednesday
6 December
Thursday
7 December
Friday
8 December
Monday
11 December
FTSE 100     0.35      
Australia 200 0.1          
Wall Street     10.3 2.0    
US 500 0.22 0.13 0.73 0.10 0.02 0.19
Nasdaq 0.39   0.74     0.67
Netherlands 25            
EU Stocks 50            
China H-Shares            
Singapore Blue Chip   0.14        
Hong Kong HS50       0.8   0.5
South Africa 40   61.5       9
Italy 40         2.3  
Japan 225            

* Please note these can change without notice

 

Dividends

FTSE 100: Next, JD Sports

FTSE 250: Ninety One, Intermediate Capital, Energean, Investec, Pets at Home, LXi Reit, Assura

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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