The Week Ahead On The Markets
Entry posted by MongiIG in Market News
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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 |
Tuesday |
Wednesday |
Thursday |
Friday |
|
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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