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 18 March
Chris Beauchamp's insight
This week is a vital one for markets, with several major central bank decisions on the calendar. The Bank of Japan (BoJ) could finally bring the era of negative interest rates to an end on Tuesday, though the decision is finely-poised. Meanwhile, the Federal Reserve (Fed), while likely to keep policy unchanged, may have to adapt its tone after two hotter inflation readings over the past week. The Bank of England (BoE) is not expected to change rates, but in its case falling inflationary pressures could see policymakers start to shift their rhetoric in a more dovish direction. Corporate news is much lighter, but FedEx, Micron and Nike in the US are major earnings releases, while in the UK retailer Next and insurer Prudential publish full-year earnings.
Economic reports
- Weekly View
Monday
2 am – China industrial production, retail sales (Jan-Feb). Markets to watch: CNH crosses
Tuesday
3 am – Bank of Japan rate decision: there is around a 50% chance that the BoJ will raise rates from their current negative level, for the first time since the beginning of 2016. Markets to watch: Japan indices, JPY crosses
3.30 am – Reserve Bank of Australia rate decision: rates expected to be held at 4.35%. Markets to watch: AUD crosses
10 am – German ZEW index (March): index expected to rise to 21 from 19.9. Markets to watch: EUR crosses
12.30 pm – Canada inflation rate (February): CPI forecast to fall to 2.7% from 2.9% YoY, and rise to 0.2% from 0% MoM. Markets to watch: CAD crosses
Wednesday
7 am – UK inflation rate (February): UK CPI is expected to hold at 4% YoY and jump to 0.7% MoM from 4% and -0.6% respectively. Markets to watch: GBP crosses
2.30 pm – US EIA crude oil inventories (w/e 15 March): stockpiles fell by 1.5 million barrels in the preceding week. Markets to watch: Brent, WTI
6 pm – US FOMC rate decision: rates are expected to be held at 5.5%, but the potential path for rates will dominate the discussion and press conference. Markets to watch: US indices, USD crosses
Thursday
12.30 am – Australia employment data (February): The unemployment rate is expected to fall to 4%. Markets to watch: AUD crosses
12.30 am – Japan PMI (March, flash): manufacturing PMI to rise to 48.2. Markets to watch: JPY crosses
8.30 am – Germany PMI (March, flash): manufacturing PMI to rise to 47.4 from 42.5. Markets to watch: EUR crosses
9.30 am – UK PMI (March, flash): services PMI to fall to 53.7 from 53.8, while manufacturing PMI to fall to 47.1 from 47.5. Markets to watch: FTSE 100/250, GBP crosses
12 pm – Bank of England rate decision: rates expected to remain at 5.25%, with 1 out of 9 members expected to vote for a rate cut. Markets to watch: GBP crosses
12.30 pm – US initial jobless claims (w/e 16 March): claims expected to rise to 216K from 209K. Markets to watch: USD crosses
1.45 pm – US PMI (March, flash): manufacturing PMI to fall to 52 from 52.2, and services to fall to 52.2 from 52.3. Markets to watch: USD crosses
11.30 pm – Japan CPI (February): prices are expected to rise 2.9% YoY from 2.2%. Markets to watch: JPY crosses
Friday
7 am – UK retail sales (February): sales to rise 0.3% MoM from 3.4%. Markets to watch: GBP crosses
8 am – German IFO business climate index (March): index to rise to 86 from 85.5. Markets to watch: EUR crosses
Company announcements
|
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
Full-year earnings |
Wickes |
Prudential, Computacenter |
Next, Direct Line |
||
|
Half/ Quarterly earnings |
Close Bros. | Micron |
FedEx, Nike |
JD Wetherspoon | |
|
Trading update* |
Associated British Foods | Sthree |
Dividends
FTSE 100: British American Tobacco, Hikma Pharmaceuticals, Schroders, Pearson, Beazley
FTSE 250: Chemring, Crest Nicholson
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 18 March |
Tuesday 19 March |
Wednesday 20 March |
Thursday 21 March |
Friday 22 March |
Monday 25 March |
| FTSE 100 | 6.78 | |||||
| Australia 200 | 0.3 | 0.1 | 0.5 | 0.1 | 1.0 | |
| Wall Street | ||||||
| US 500 | 0.68 | 0.12 | 0.27 | 0.01 | ||
| Nasdaq | 3.63 | |||||
| Netherlands 25 | 0.59 | |||||
| EU Stocks 50 | 2.5 | 4.6 | ||||
| China H-Shares | ||||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 0.4 | 1.0 | ||||
| South Africa 40 | 75 | 172 | ||||
| Italy 40 | ||||||
| Japan 225 |
* Please note these can change without notice
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