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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 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
26 February

Tuesday
27 February

Wednesday
28 February

Thursday
29 February

Friday
1 March

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

Domino's Pizza

ASM,
eBay,
American Electric Power,
Virgin Galactic,
Urban Outfitters
Snowflake,
Salesforce
Hewlett Packard,
Best Buy,
Macy's
 

Trading update*

         

 

 
 

Dividends

FTSE 100: Diageo, Barclays

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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