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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 8 April

Chris Beauchamp's insight

This week marks the beginning of earnings season in the US, with the banks and Delta Airlines kicking off the frenzy of corporate reporting for the first quarter of 2024. Tesco's full-year results dominate the UK corporate landscape in an otherwise quiet week for company announcements on this side of the Atlantic. Meanwhile, US monthly customer price index (CPI) figures will be closely watched, as will the European Central Bank (ECB) decision on Thursday.

Economic reports

  • Weekly View

Monday

None


Tuesday

1.30 am – Australia Westpac consumer confidence (April): index to rise to 84.8. Markets to watch: AUD crosses

6 am – Japan consumer confidence (March): 
index forecast to rise to 40 from 39.1. Markets to watch: JPY crosses


Wednesday

1.30 pm – US CPI (March): price growth is expected to be 3.4% YoY and 0.3% MoM, from 3.2% and 0.4% respectively. Core CPI growth to be 0.3% MoM from 0.4%, and 3.7% YoY from 3.8%. Markets to watch: US indices, USD crosses

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

3.30 pm – US EIA crude oil inventories (w/e 5 April): 
stockpiles rose by 3.2 million barrels in the preceding week. Markets to watch: Brent, WTI

7 pm – FOMC minutes: 
these will look at the latest Fed decision, at which the committee continued to expect three rate cuts in 2024. Markets to watch: USD crosses


Thursday

2.30 am – China CPI (March): prices to rise 1.2% YoY and 0.5% MoM, from 0.7% and 1% respectively. Markets to watch: CNH crosses

1.15 pm – ECB rate decision: 
rates expected to be held at 4.5% once more. Markets to watch: eurozone indices, EUR crosses

1.30 pm – US initial jobless claims (w/e 6 April), PPI (March): 
claims to fall to 218K from 221K. PPI to rise 0.4% MoM, down from 0.6%. Markets to watch: US indices, USD crosses


Friday

4 am – China trade data (March): exports to grow 6% in March and imports to rise 2%. Markets to watch: CNH crosses

7 am – UK GDP (February): 
monthly rate to slow to 0.3% and three-month average to rebound to 0.1% from -0.1%. Markets to watch: GBP crosses

3 pm – US Michigan consumer confidence survey (April, preliminary):
 index forecast to rise to 79.5 from 79.4. Markets to watch: USD crosses

 

Company announcements


,

 

Monday
8 April

Tuesday
9 April

Wednesday
10 April

Thursday
11 April

Friday
12 April

Full-year earnings

    Tesco    

Half/ Quarterly earnings

    Delta,
LVMH
  JP Morgan,
Citigroup,
Wells Fargo

Trading update*

  Imperial Brands      

 

 
 

Dividends

FTSE 100: Barratt Developments, Smurfit Kappa,Lloyds, Reckitt Benckiser, Howden Joinery, Aviva, F&C Inv.. Trust, Phoenix

FTSE 250: Man, Hunting, ITV, Harbour Energy, Grafton Group, Just Group, TP ICAP, Savills, Softcat, Int'l Public P'Ships, Supermarket Income REIT

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
8 April
Tuesday
9 April
Wednesday
10 April
Thursday
11 April
Friday
12 April
Monday
15 April
FTSE 100     12.88      
Australia 200 0.1   0.1   0.3  
Wall Street 4.4          
US 500 0.75 0.10 0.13 0.57 0.07  
Nasdaq 0.33   0.07      
Netherlands 25       0.58    
EU Stocks 50     3.8 0.8   2.3
China H-Shares            
Singapore Blue Chip            
Hong Kong HS50            
South Africa 40   244.7        
Italy 40            
Japan 225            
 

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