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The Week Ahead On The Markets


MongiIG

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The Week Ahead

Read about upcoming market-moving events and plan your trading week

 

Week commencing 4 March

Chris Beauchamp's insight

The European Central Bank (ECB) meeting and US non-farm payrolls are the major event of the week, with the ECB’s rate decision likely to set the tone for eurozone assets for the rest of the month. Insurers are the main UK corporate news this week, while US earnings season continues to wind down, though retailers Target, Costco and Gap report figures.

 

Economic reports

  • Weekly view

Monday

None


Tuesday

1.45am – China Caixin services PMI (February): previous reading 52.7. Markets to watch: CNH crosses

3pm – US ISM services PMI (February): index expected to fall to 53.3. Markets to watch: USD crosses


Wednesday

12.30am – Australia GDP (Q4): QoQ rate expected to be 0.2%, YoY to slip to 1.5%. Markets to watch: AUD crosses

9.30am – UK construction PMI (February): previous reading 48.8. Markets to watch: GBP Crosses

12.30pm – UK Spring Budget. Markets to watch: GBP crosses

1.15pm – US ADP employment report (February): previous reading 107K. Markets to watch: USD crosses

2.45pm – Bank of Canada rate decision: rates expected to remain at 5%. Markets to watch: CAD crosses

3pm – Canada Ivey PMI (February): expected to fall to 56. Markets to watch: CAD crosses

3.30pm – US EIA crude oil inventories (w/e 1 March): stockpiles rose by 4.2 million barrels in the preceding week. Markets to watch: Brent, WTI

5pm – FOMC member Daly speaks. Markets to watch: USD crosses


Thursday

3am – China trade data (January & February): exports rose 2.3% in December. Markets to watch: CNH crosses

1.15pm – ECB rate decision: rates expected to remain at 4.5%. Markets to watch: EUR crosses

1.30pm – US initial jobless claims (w/e 2 March): claims to rise to 217K. Markets to watch: USD crosse


Friday

1.30pm – US non-farm payrolls (February): payrolls expected to slip to 188K from 353K. Unemployment rate to remain at 3.7%. Average hourly earnings forecast to rise 0.2% MoM. Markets to watch: US indices, USD crosses

 

Company announcements

 

 

Monday
4 March

Tuesday
5 March

Wednesday
6 March

Thursday
7 March

Friday
8 March

Full-year earnings

Clarkson Fresnillo,
Travis Perkins,
Reach,
Greggs,
Foxtons
Legal & General,
Rathbones,
Tullow Oil
Admiral,
Aviva,
Entain,
Rentokil,
ITV,
PageGroup
Just Group

Half/ Quarterly earnings

  Ashtead,
Ferguson,
Target
     

Trading update*

Assoc. British Foods   DS Smith Kier,
Costco,
Broadcom,
Gap
 

 

 
 

Dividends

FTSE 100: Rio Tinto, HSBC, Standard Chartered

FTSE 250: Safestore, Renishaw, PZ Cussons, Energean

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
4 March
Tuesday
5 March
Wednesday
6 March
Thursday
7 March
Friday
8 March
Monday
11 March
FTSE 100     29.33      
Australia 200 4.8 3.9 30.9 0.4 3.4 0.3
Wall Street   14.7 6.6 12.3    
US 500 0.12 0.38 0.76 0.36 0.03 0.17
Nasdaq 0.13   1.99     0.35
Netherlands 25            
EU Stocks 50            
China H-Shares            
Singapore Blue Chip            
Hong Kong HS50 3.8   56.5 3.8   2.2
South Africa 40   50.2        
Italy 40            
Japan 225            

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