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 18 December
Chris Beauchamp's insight
After the excitement of last week, things are quieter across global markets, though the Bank of Japan (BoJ) meeting will be a key event after the recent dovish shift by the Federal Reserve (Fed). Canadian, UK and Japanese consumer price index (CPI) mean that the inflation story remains with markets right up until Christmas, especially with US Personal Consumption Expenditures (PCE) prices on Friday. Corporate data is thinning out as the festive season approaches, but cruise line Carnival and global delivery firm FedEx will provide some interest, along with fashion giant Nike.
Economic reports
Monday
9 am – German IFO index (December): expected to rise to 88.1. Markets to watch: EUR crosses
Tuesday
3 am – BoJ rate decision: rates expected to be left at -0.1%. Markets to watch: JPY crosses
1.30 pm – Canada inflation (November): previous reading 3.1% YoY and 0.1% MoM. Markets to watch: CAD crosses
Wednesday
7 am – UK CPI (November): prices to rise 4% YoY and fall 0.2% MoM from 4.6% and 0% respectively. Core CPI to rise 5.4%, from 5.7%. Markets to watch: GBP crosses
3 pm – US consumer confidence (December), existing home sales (November): confidence index forecast to rise to 104 from 102. Markets to watch: USD crosses
3.30 pm – US EIA crude oil inventories (w/e December): stockpiles rose by 400,000 barrels in the previous week. Markets to watch: Brent, WTI
Thursday
1.30 pm – US GDP (Q3, final), initial jobless claims (w/e 16 December): claims expected to rise to 209K from 202K. GDP rate to hold at 5.2% QoQ. Markets to watch: US indices, USD crosses
11.30 pm – Japan CPI (November): prices are expected to rise 2.5% YoY from 2.9%. Markets to watch: JPY crosses
Friday
7 am – UK retail sales (November), GDP (Q3, final): sales to rise 0.6%, and GDP growth to be flat QoQ. Markets to watch: GBP crosses
1.30 pm – US PCE price index, durable goods orders (November): PCE index expected to rise 0.1% MoM and 2.9% YoY, from 0% and 3% respectively. Core PCE to rise 0.2%, in line with October. Durable goods orders to rise 1.8% after -a 5.4% fall in October. Markets to watch: US indices, USD crosses
3 pm – US new home sales (November): expected to rise 1.2% from a -5.6% fall in October. Markets to watch: USD crosses
Company announcements
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Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
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Full-year earnings |
|||||
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Half/ Quarterly earnings |
De La Rue, FedEx, Accenture |
Carnival, Naked Wines, Micron, General Mills |
Nike | ||
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Trading update* |
Card Factory |
* Please note these can change without notice
Dividends
FTSE 100: British American Tobacco, Halma, United Utilities
FTSE 250: Britvic, IntegraFin
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
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Monday 18 December |
Tuesday 19 December |
Wednesday 20 December |
Thursday 21 December |
Friday 22 December |
Monday 25 December |
| FTSE 100 | 5.68 | |||||
| Australia 200 | ||||||
| Wall Street | ||||||
| US 500 | 0.38 | 0.55 | 0.02 | 0.03 | ||
| Nasdaq | 2.76 | |||||
| Netherlands 25 | ||||||
| EU Stocks 50 | ||||||
| China H-Shares | 6.3 | |||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 18.2 | |||||
| South Africa 40 | 44.7 | |||||
| Italy 40 | ||||||
| Japan 225 |
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