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The Week Ahead On The Markets


KoketsoIG

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The Week Ahead

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

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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

 

Monday
18 December

Tuesday
19 December

Wednesday
20 December

Thursday
21 December

Friday
22 December

Full-year earnings

         

Half/ Quarterly earnings

  De La Rue,
FedEx,
Accenture
Carnival,
Naked Wines,
Micron,
General Mills
Nike  

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

 

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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