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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

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
18 March

Tuesday
19 March

Wednesday
20 March

Thursday
21 March

Friday
22 March

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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