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 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 |
Tuesday |
Wednesday |
Thursday |
Friday |
|
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
|
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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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