The Week Ahead On The Markets
The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 26 February
Chris Beauchamp's insight
The second estimate of US quarter four (Q4) gross domestic product (GDP) growth, the Federal Reserve's (Fed’s) preferred PCE inflation gauge and Germany’s consumer price inflation (CPI) are the main economic events to watch for this week. US new home sales, durable goods orders, personal income, consumer confidence, also in Germany, Eurozone economic sentiment, Japanese retail sales, industrial production and unemployment data as well as Chinese manufacturing and services purchasing managers index (PMI) will likely play second fiddle to the main data releases. Earnings season is beginning to wind down, now that Nvidia, the last of the Magnificent 7, released its stellar earnings last week. Stock index rallies to record highs by several European and US bourses may thus lose some of their upside momentum. In the UK Bunzl, Ocado and Taylor Wimpey are to report their full-year figures, in Europe Munich Re, Just Eat Takeaway and IAG will do so as well and in the US Hewlett Packard Q1 and Best Buy Q4 earnings, some of which may provide additional volatility.
Economic reports
- Weekly View
Monday
3 pm – US new home sales (January): sales expected to rise 0.9% MoM. Markets to watch: USD crosses
11.30 pm – Japan CPI (January): prices forecast to rise 2.4% YoY from 2.6%. Core CPI is expected to slow to 2.1% YoY from 2.3%. Markets to watch: Yen crosses
Tuesday
7 am – Germany GfK consumer confidence (March): index expected to rise to -27 from -29.7. Markets to watch: EUR crosses
1.30 pm – US durable goods orders (January): orders expected to fall by 4% MoM. Markets to watch: USD crosses
3 pm – US consumer confidence (February): expected to rise to 115 from 114.8. Markets to watch: USD crosses
Wednesday
1.30 pm – US GDP (Q4, 2nd estimate): QoQ rate expected to be 3.3%. Markets to watch: USD crosses
3.30 pm – US EIA crude oil inventories (w/e 23 February): previous week 3.514m. Markets to watch: Brent, WTI
5 pm – FOMC member Bostic's speech. Markets to watch: USD crosses
Thursday
8.55 am – German employment data (February): unemployment rate to rise to 5.9% from 5.8%. Markets to watch: EUR crosses
1 pm – German inflation (February, preliminary): prices are expected to rise 2.8% YoY and 0.7% MoM, from 2.9% and 0.2%. Markets to watch: EUR crosses
1.30 pm – Canada GQP (Q4): growth to rise to -0.2% QoQ from -0.3%. Markets to watch: CAD crosses
1.30 pm – US PCE prices (January), initial jobless claims (w/e 24 February): prices expected to rise 2.4% YoY and 0.3% MoM. Initial jobless claims are expected to rise to 210,000. Markets to watch: US indices, USD crosses
2.45 pm – US Chicago PMI (February): expected to rise to 49 from 46. Markets to watch: USD crosses
3 pm – US pending home sales (January): sales to rise by 2.0% versus 1.3% YoY. Markets to watch: USD crosses
Friday
1.30 am – China PMI (February): manufacturing PMI is expected to rise to 49.3 from 49.2 and non-manufacturing PMI to 50.8 from 50.7. Markets to watch: China indices, CNH crosses
1.45 am – China Caixin manufacturing PMI (February): expected to rise from 50.8 to 50.9, Markets to watch: China indices, CNH crosses
10 am – eurozone inflation (February, flash): inflation to slide from 2.8% to 2.7%. Markets to watch: eurozone indices, EUR crosses
3 pm – US ISM manufacturing PMI (February): expected to rise to 49.5 from 49.1. Markets to watch: USD crosses
Company announcements
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
Full-year earnings |
Bunzl |
Smith & Nephew, abrdn, Bouygues, Munich Re, Puma, Edenred |
St James's Place, Aston Martin Lagonda, Reckitt Benckiser, Taylor Wimpey, Holcim, Just Eat Takeaway |
Ocado, Haleon, Schroders, LSE Group, St Gobain, IAG, Ab-InBev |
Pearson |
Half/ Quarterly earnings |
ASM, eBay, American Electric Power, Virgin Galactic, Urban Outfitters |
Snowflake, Salesforce |
Hewlett Packard, Best Buy, Macy's |
||
Trading update* |
Dividends
FTSE 250: Diversified Energy Company, Ashmore Group, Scottish American Investment Company, Environmental Assets Group, Plus500, Alliance Trust, HICL Infrastructure, Hargreaves Lansdown, Londonmetric Property, Hays, Genus
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 26 February |
Tuesday 27 February |
Wednesday 28 February |
Thursday 29 February |
Friday 1 March |
Monday 4 March |
FTSE 100 | 7.26 | |||||
Australia 200 | 0.8 | 13.0 | 3.3 | 2.8 | 0.2 | 4.3 |
Wall Street | 22.7 | 18.1 | 2.4 | |||
US 500 | 0.08 | 0.59 | 1.09 | 0.29 | 0.15 | 0.13 |
Nasdaq | 0.07 | 1.51 | 4.29 | 0.51 | 1.35 | 0.13 |
Netherlands 25 | ||||||
EU Stocks 50 | ||||||
China H-Shares | ||||||
Singapore Blue Chip | ||||||
Hong Kong HS50 | 6.7 | |||||
South Africa 40 | ||||||
Italy 40 | ||||||
Japan 225 | 20.73 |
* Please note these can change without notice
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