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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 19 February

Chris Beauchamp's insight

The Federal Reserve (Fed) minutes, flash purchasing managers index (PMI) data and the German Ifo index are the main economic events to watch for this week. Earnings season is beginning to wind down, but Nvidia, the last of the Magnificent 7 to report, releases earnings this week, which will be closely watched now that the company has overtaken Amazon in market value. UK banks, miners and aerospace firm Rolls-Royce all release full-year figures this week as well.

 

Economic reports

Weekly View

Monday

Presidents’ Day – US stock markets closed


Tuesday

12.30 am – RBA meeting minutes. Markets to watch: AUD crosses

1.30 pm – Canada CPI (January): expected to rise 3.2% YoY and 0.3% MoM. Markets to watch: CAD crosses


Wednesday

1 pm – FOMC member Bostic's speech. Markets to watch: USD crosses

2 pm – MPC member Dhingra's speech. Markets to watch: GBP crosses

7 pm – FOMC minutes: these will cover the latest decision to hold rates unchanged, and will look at the discussion around the future path of rates in 2024. Markets to watch: US indices, USD crosses


Thursday

12.30 am – Japan PMI (February, flash): manufacturing to rise to 48.4 and services to rise to 53.2. Markets to watch: JPY crosses

8.30 am – German PMI (February, flash): manufacturing to rise to 46.6 from 45.5. Markets to watch: EUR crosses

9 am – eurozone PMI (February, flash): manufacturing to rise to 46.8 and services to rise to 49. Markets to watch: eurozone indices, EUR crosses

9.30 am – UK PMI (February, flash): manufacturing forecast to rise to 47.3 and services to rise to 54.5. Markets to watch: GBP crosses

1.30 pm – US initial jobless claims (w/e 17 February): claims expected to rise to 215,000. Markets to watch: US indices, USD crosses

3 pm – FOMC member Jefferson's speech. Markets to watch: USD crosses

2.45pm – US PMI (February, flash): manufacturing PMI to rise to 50.8 and services to fall to 52.3. Markets to watch: USD crosses

4 pm – US EIA crude oil inventories (w/e 16 February). Markets to watch: Brent, WTI

10 pm – FOMC member Cook's speech. Markets to watch: USD crosses


Friday

9 am – German IFO index (February): The business climate index is expected to fall to 84.7 from 85.2. Markets to watch: EUR crosses

10am – Bundesbank president Nagel speech. Markets to watch: EUR crosses

 

Company announcements

 

 

Monday
19 February

Tuesday
20 February

Wednesday
21 February

Thursday
22 February

Friday
23 February

Full-year earnings

Moneysupermarket.com Barclays,
InterContinental Hotels,
Antofagasta
Glencore,
HSBC,
Rio Tinto,
BAE Systems
Lloyds Banking Group,
Rolls Royce,
Hikma Pharma,
WPP,
Anglo American,
Nestle,
Danone,
Abraxas Petroleum Corp
Standard Chartered,
Allianz

Half/ Quarterly earnings

 

Walmart,
Coinbase,
Home Depot
NVIDIA,
eBay Inc,
Rivian
Nikola IAG,
Berkshire Hathaway

Trading update*

         

 

 
 

Dividends

FTSE 100: Endeavour Mining, GSK, Land Securities, Unilever, AstraZeneca

FTSE 250: Virgin Money, easyJet, Redrow, Witan Inv Trust, Tritax Eurobox

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
19 February
Tuesday
20 February
Wednesday
21 February
Thursday
22 February
Friday
23 February
Monday
26 February
FTSE 100     15.97      
Australia 200 5.4 14.1 0.7 11.8 2.8 2.4
Wall Street     7.1      
US 500 0.18 0.23 0.36 0.12 0.12 0.08
Nasdaq   1.48 2.18 0.11 0.63 0.07
Netherlands 25     0.99      
EU Stocks 50         0.6  
China H-Shares            
Singapore Blue Chip            
Hong Kong HS50            
South Africa 40            
Italy 40            
Japan 225            

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