The Week Ahead On The Markets
Entry posted by KoketsoIG in Market News
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The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 11 December
Chris Beauchamp's insight
It might nearly be the end of the year, but this week has three big central bank decisions, covering the Federal Reserve bank (Fed), Bank of England (BoE) and the European Central Bank (ECB). While all three are expected to leave rates unchanged, hints about the next steps in policy could give markets a jolt even at this late stage, especially given the huge rally in stock markets over the past seven weeks. Flash Purchasing Managers' Index (PMIs) round out the end of the week for economic data. By contrast, only Oracle in the US and Curry's in the UK will provide much interest on the equity side.
Economic reports
Weekly View
Monday
11.30 pm – Australia Westpac consumer confidence (December): index expected to rise to 85. Markets to watch: AUD crosses
Tuesday
7 am – UK employment data: October unemployment rate to rise to 4.3%, and average hourly earnings to rise 6.7%, down from 7.9%, for the three months to October. Markets to watch: GBP crosses
10 am – German ZEW index (December): index expected to rise to 15 from 9.8. Markets to watch: EUR crosses
1.30 pm US inflation data (November): Consumer Price Index (CPI) forecast to be -0.1% month on month (MoM) and 3.1% year-over-year (YoY), down from 0% and 3.2% respectively. Core CPI is expected to be 0.2% MoM and 4% YoY, in line with October. Markets to watch: US indices, USD crosses
11.50 pm – Japan Tankan manufacturers’ index quarter 4 (Q4): index to rise to 12 from 9. Markets to watch: JPY crosses
Wednesday
7 am – UK gross domestic product (GDP): October growth to be flat both MoM and on a 3-month rolling average. Markets to watch: GBP crosses
1.30 pm – US Producer Price Index (PPI) (November): prices expected to rise 0.1% MoM, from October’s -0.5%. Markets to watch: USD crosses
3.30 pm – US EIA crude oil inventories (w/e 8 December): stockpiles fell by 4.6 million barrels in the previous week. Markets to watch: Brent, WTI
7 pm – US Federal Open Market Committee (FOMC) rate decision: rates expected to hold at 5.5%. A press conference follows at 7.30 pm. Markets to watch: US indices, USD crosses
Thursday
12.30 am – Australia employment data: unemployment rate to hold at 3.7%. Markets to watch: AUD crosses
12pm – Bank of England rate decision: no change in rates expected from current 5.25%. Markets to watch: GBP crosses
1.15 pm – ECB rate decision: rates forecast to remain at 4.5%. Markets to watch: EUR crosses
1.30 pm – US initial jobless claims (w/e 9 December): Markets to watch: US indices, USD crosses
Friday
2 am – China industrial production (November): expected to rise 5.8% YoY. Markets to watch: CNH crosses
8.30 am – German PMI (December, flash): manufacturing to rise to 45.1 from 42.6. Markets to watch: EUR crosses
9.30 am – UK PMI (December, flash): manufacturing to rise to 48 from 47.2 and services to increase to 51.1 from 50.9. Markets to watch: GBP crosses
1.30 pm – US Empire State manufacturing index (December): index to fall to 6 from 9.1. Markets to watch: USD crosses
2.45 pm – US PMI (December, flash): manufacturing PMI to fall to 49.2 and services PMI to drop to 50.7 from 50.8. Markets to watch: USD crosses
Company announcements
Dividends
FTSE 100: Associated British Foods, Burberry
FTSE 250: Sirius Real Estate, Cranswick, MITIE, Tritax Eurobox, discoverIE , Baltic Classifieds
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 11 December |
Tuesday 12 December |
Wednesday 13 December |
Thursday 14 December |
Friday 15 December |
Monday 18 December |
| FTSE 100 | 0.90 | |||||
| Australia 200 | 0.4 | |||||
| Wall Street | 5.1 | |||||
| US 500 | 0.19 | 0.09 | 1.09 | 0.23 | 0.06 | 0.26 |
| Nasdaq | 0.67 | 3.39 | 2.63 | |||
| Netherlands 25 | ||||||
| EU Stocks 50 | ||||||
| China H-Shares | ||||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 0.5 | |||||
| South Africa 40 | 9 | |||||
| Italy 40 | ||||||
| Japan 225 |
* Please note these can change without notice
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