The Week Ahead On The Markets

Entry posted by KoketsoIG in Market News April 22

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The Week Ahead

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

Week commencing 22 April

Chris Beauchamp's insight

This week is one of those busy weeks that occurs about three times a quarter, as a rush of key economic data and big-name earnings hit markets. Flash PMIs, the German IFO index and durable goods orders lead up to flash quarter 1 (Q1) Gross domestic product (GDP) for the US, the Bank of Japan (BoJ) rate decision and US PCE price data. Meanwhile, earnings come through from the US, Europe and the UK, including UK and eurozone banks, and of course more of the big tech stocks, as Tesla, Alphabet and Microsoft report figures for the most recent quarter.

Economic reports

Weekly View

Monday

1.30 pm – US Chicago Federal Reserve Bank (Fed) index (March): expected to rise to 0.09. Markets to watch: USD crosses

Tuesday

Tuesday 8.30 am – German PMI (April, flash): Manufacturing purchasing managers' index (PMI) forecast to rise to 42.3. Markets to watch: EUR crosses

9.30 am – UK PMI (April, flash): services PMI expected to rise to 53.4 and manufacturing to rise to 50.7. Markets to watch: GBP crosses

2.45 pm – US PMI (April, flash): manufacturing forecast to rise to 52 from 51.9, and services to rise to 51.8 from 51.7. Markets to watch: USD crosses

3 pm – US new home sales (March): forecast to rise 2.7% month-over-month (MoM). Markets to watch: USD crosses

Wednesday

Australia consumer price index (CPI) (Q1): prices are expected to rise 3.4% Year over Year (YoY) and 0.7% Quarter on Quarter (QoQ), from 4.1% and 0.6%. Markets to watch: AUD crosses

9 am – German IFO index (April): forecast to rise to 88.9 from 87.8. Markets to watch: EUR crosses

1.30 pm – US durable goods orders (March): forecast to fall 1.2% MoM. Markets to watch: USD crosses

3.30 pm – US EIA crude oil inventories (w/e 19 April): stockpiles rose by 2.7 million in the preceding week. Markets to watch: Brent, WTI

Thursday

1.30 pm – US GDP (Q1, advance reading), initial jobless claims (w/e 20 April): growth expected to be 2.8% in Q1, from 3.4%, claims to rise to 213K. Markets to watch: US indices, USD crosses

3 pm – US pending home sales (March): forecast to rise 0.9% MoM. Markets to watch: USD crosses

Friday

5 am – BoJ rate decision: rates expected to remain at 0%, after the previous hike out of negative territory. Markets to watch: Nikkei 225, USDJPY

1.30 pm – US PCE price index (March): forecast to rise 0.3% MoM and 2.6% YoY, from 0.3% and 2.5%. Markets to watch: USD crosses

Company announcements

	Monday 22 April	Tuesday 23 April	Wednesday 24 April	Thursday 25 April	Friday 26 April
Full-year earnings		Whitbread		Sainsbury's
Half/ Quarterly earnings	Verizon	Associated British Foods, General Motors, McDonald's, Alphabet, Tesla	Lloyds, IBM, AT&T, Meta, Boeing, Ford	AstraZeneca, Barclays, Deutsche Bank, BNP Paribas, Intel Corp, Caterpillar, American Airlines, Microsoft	NatWest, Exxon, Chevron,
Trading update*			Reckitt Benckiser	Unilever, Persimmon, WPP, LSE, Travis Perkins	Pearson

Dividends

FTSE 100: St James's Place, Rightmove, Legal & General, ConvaTec, Spirax-Sarco Engineering

FTSE 250: ME Group, Morgan Sindall, Derwent London, Shaftesbury, Murray Int’l, Greggs, Bakkavor, Tyman, Morgan Advanced Materials, Bodycote

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 22 April	Tuesday 23 April	Wednesday 24 April	Thursday 25 April	Friday 26 April	Monday 29 April
FTSE 100			4.40
Australia 200
Wall Street
US 500	0.11	0.03	0.10	0.09	0.33	0.19
Nasdaq		0.30	0.68	0.22
Netherlands 25		2.49		0.67	0.7
EU Stocks 50	5.6	3.6		10.4	3.5	5.4
China H-Shares
Singapore Blue Chip			1.39		0.28	0.06
Hong Kong HS50
South Africa 40
Italy 40
Japan 225