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The Week Ahead On The Markets


MongiIG

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The Week Ahead

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

 

Week commencing 29 January

Chris Beauchamp's insight

Earnings season reaches full flow this week, as the rest of the Magnificent 7 Big Tech firms report – Apple, Meta, Alphabet, Amazon and Microsoft all populate the week and will be the key focus for investors around the globe.

In addition to this, the Federal Reserve (Fed) will also issue its latest rate decision, though no change is expected. The Bank of England (BoE) also gets in on the act, and after the latest UK inflation reading it might find itself having to err on the hawkish side.

Gross domestic product (GDP) readings from the eurozone come through this week, with the German reading on Wednesday likely to command particular attention.

Finally, the week is rounded off by the monthly US non-farm payrolls report, with the ADP report preceding it as usual. All in all, it promises to be a busy time for investors.

 

Economic reports

  • Weekly view

Monday

11.30pm – Japan unemployment rate (December): rate to hold at 2.5%. Markets to watch: JPY crosses


Tuesday

10am – eurozone GDP (Q4, flash): growth expected to be -0.1% QoQ and 0.4% YoY. Markets to watch: EUR crosses

3pm – US consumer confidence (January): index expected to rise to 111.5. Markets to watch: USD crosses


Wednesday

12.30am – Australia CPI (Q4): price growth forecast to be 4.3% YoY and 0.8% QoQ, from 5.4% and 1.2% respectively. Markets to watch: AUD crosses

1.30am – China PMI (January): manufacturing PMI expected to rise to 49.2 from 49, and non-manufacturing PMI to rise to 50.5 from 50.4. Markets to watch: CNH crosses

9am – German GDP (Q4, flash): GDP forecast to shrink 0.3% QoQ and 0.8% YoY. Markets to watch: EUR crosses

1pm – German CPI (January, preliminary): prices to rise 2.3% YoY and fall -0.4% MoM, from 3.7% and 0.1% respectively. Markets to watch: EUR crosses

1.15pm – US ADP employment report (January): 130K jobs expected to have been created, from 164K last month. Markets to watch: US indices, USD crosses

2.45pm – US Chicago PMI (January): index expected to rise to 47. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 26 January): stockpiles fell by 9.2 million barrels in the previous week. Markets to watch: Brent, WTI

7pm – FOMC rate decision: rates expected to remain at 5.5%, but any hints around future policy direction could drive market volatility. Markets to watch: US indices, USD crosses


Thursday

1.45am – China mfg PMI (January): PMI forecast to hold at 50.8. Markets to watch: CNH crosses

10am – eurozone inflation (January, flash): prices expected to rise 2.2% YoY and fall 0.9% MoM, from 2.9% and 0.2% respectively. Core CPI to slow to 3.3% from 3.4%. Markets to watch: eurozone indices, EUR crosses

12pm – Bank of England rate decision: no change in policy expected, and with the recent rise in UK inflation the MPC votes may reflect renewed caution on the prospect of any rate cuts in the near future. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 27 January): claims to rise to 218,000. Markets to watch: USD crosses

3pm – US ISM manufacturing PMI (January): index expected to shrink to 47.6. Markets to watch: USD crosses


Friday

1.30mp – US non-farm payrolls (January): payrolls to grow by 162,000, down from 216,000 last month. Unemployment rate to hold at 3.7% and average hourly earnings to rise 0.3% MoM and 4% YoY, from 0.4% and 4.1%. Markets to watch: US indices, USD crosses

 

Company announcements

 

Monday
29 January

Tuesday
30 January

Wednesday
31 January

Thursday
1 February

Friday
2 February

Full-year earnings

  Sthree GSK,
H&M
Roche,
Deutsche Bank,
BNP Paribas
 

Half/ Quarterly earnings

Ryanair Diageo,
Pfizer,
General Motors,
AMD,
Microsoft,
Alphabet
Boeing Apple,
Peloton,
Meta,
Amazon
Chevron,
Exxon Mobil

Trading update*

Smith & Nephew Pets at Home,
Diversified Energy Co,
AO World,
Saga
Entain BT,
Shell,
Glencore,
Anglo American
 

 

 
 

Dividends

FTSE 100: None

FTSE 250: SSP Group, Paragon Banking, Edinburgh Inv. Trust

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
29 January
Tuesday
30 January
Wednesday
31 January
Thursday
1 February
Friday
2 February
Monday
5 February
FTSE 100            
Australia 200            
Wall Street           0.8
US 500 0.39 0.16 0.26 0.21 0.08 0.14
Nasdaq 1.58 0.30 0.60   0.46 0.71
Netherlands 25         0.3  
EU Stocks 50         0.8  
China H-Shares            
Singapore Blue Chip   0.15        
Hong Kong HS50            
South Africa 40            
Italy 40            
Japan 225 2.0          

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