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 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 |
Tuesday |
Wednesday |
Thursday |
Friday |
|
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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