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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 22 January

Chris Beauchamp's insight

While the economic week begins quietly, it rapidly fills up with events, including rate decisions from the Bank of Japan (BoJ), the Bank of Canada (BoC) and the European Central Bank (ECB). Flash price manager index (PMIs) for January are also released, and the first look at US gross domestic product (GDP) for Quarter-four (Q4) is bound to be a key event. Earnings season returns with a vengeance too, as Netflix and Tesla mark the start of reporting season for the big tech stocks that were so vital to the market rally in 2023, while the season begins to broaden out beyond the bank stocks that dominated the past week.

 

Economic reports

Weekly View

Monday

None


Tuesday

12.30 am – Australia NAB business confidence index (December): index to rise to -7. Markets to watch: AUD crosses

3 am – Bank of Japan rate decision: rates expected to be held at -0.1%. Markets to watch: Nikkei 225, Yen crosses


Wednesday

12.30 am – Japan PMI (January, flash): manufacturing purchasing managers index (PMI) to weaken to 47.5. Markets to watch: JPY crosses

8.30 am – German PMI (January, flash): manufacturing PMI to rise to 44.6 from 43.3. Markets to watch: EUR crosses

9 am – eurozone PMI (January, flash): manufacturing PMI to rise to 45 from 44.4. Markets to watch: eurozone indices, EUR crosses

9.30 am – UK PMI (January, flash): manufacturing is expected to rise to 47 from 46.2, while services to fall to 53.1 from 53.4. Markets to watch: FTSE 100/250, GBP crosses

2.45 pm – US PMI (January, flash): manufacturing PMI to rise to 48.3 and services to rise to 51.8. Markets to watch: US indices, USD crosses

3 pm – Bank of Canada rate decision: rates expected to hold at 5%. Markets to watch: CAD crosses

3.30 pm – US EIA crude oil inventories (w/e 19 January): stockpiles fell by 2.5 million barrels in the previous week. Markets to watch: Brent, WTI


Thursday

9 am – German IFO business climate index (January): index expected to rise to 87.5 from 86.4. Markets to watch: EUR crosses

1.15 pm – ECB rate decision: rates are expected to be held at 4.5%, but the commentary around the decision and the outlook will likely drive volatility in eurozone assets. Markets to watch: eurozone indices, EUR crosses

1.30 pm – US GDP (Q4, advance), initial jobless claims (w/e 20 January), durable goods orders (December): GDP expected to rise 1.8% Quarter-on-Quarter (QoQ). Durable goods orders to rise 0.5% Month-on-Month (MoM). Initial jobless claims to rise to 192K. Markets to watch: US indices, USD crosses

3 pm – US new home sales (December): sales fell 12% in November. Markets to watch: USD crosses


Friday

1.30 pm – US PCE price index (December): prices expected to be flat MoM, core PCE to rise 0.2%. Markets to watch: USD crosses

3 pm – US pending home sales (December): sales expected to rise 0.7% MoM. Markets to watch: USD crosses

 

Company announcements

 

Monday
22 January

Tuesday
23 January

Wednesday
24 January

Thursday
25 January

Friday
26 January

Full-year earnings

  Crest Nicholson   LVMH  

Half/ Quarterly earnings

United Airline Netflix,
Verizon,
Halliburton,
Johnson & Johnson,
General Electric,
Procter & Gamble
ASML,
IBM,
Tesla,
AT&T
Intel,
Visa,
American Airlines
American Express

Trading update*

  Assoc. British Foods,
AO World
easyJet,
Tullow Oil,
JD Wetherspoon
Halfords,
Britvic,
Fevertree,
MITIE
WH Smith,
Superdry

 

 
 

Dividends

FTSE 100:

FTSE 250: Foresight Solar, Pennon, Victrex, Ferrexpo

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
22 January
Tuesday
23 January
Wednesday
24 January
Thursday
25 January
Friday
26 January
Monday
29 January
FTSE 100         2.7  
Australia 200            
Wall Street            
US 500 0.11 0.04 0.28   0.09 0.38
Nasdaq           1.58
Netherlands 25            
EU Stocks 50         0.2  
China H-Shares            
Singapore Blue Chip         0.28  
Hong Kong HS50            
South Africa 40   219.7        
Italy 40            
Japan 225           2.0

* Please note these can change without notice

 

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