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The Week Ahead On The Markets


AshishIG

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Week commencing 29 April

Chris Beauchamp's insight

The presence of a Ferderal Reserve (Fed) meeting, non-farm payrolls and earnings from Amazon and Apple make this week a huge one for the US economy. While the Fed is not expected to change policy, the recent weaker Gross Domestic Product (GDP) and higher price growth data will cast a shadow over their deliberations. Also on the calendar this week will be GDP and consumer price index (CPI) figures from Germany and the eurozone, as well as Chinese purchasing managers index (PMI)s. Earnings continue to come through thick and fast, and along with the tech titans, Pifzer, GSK and McDonald’s all report figures.

 

Economic reports

  • Weekly View

Monday

1pm – German CPI (April): prices expected to rise 2.3% YoY and 0.5% MoM, from 2.2% and 0.4%. Markets to watch: eurozone indices, EUR crosses


Tuesday

2.30am – China PMI (April): manufacturing PMI expected to rise to 51.2 from 50.8, and non-manufacturing PMI to rise to 53.2 from 53. Markets to watch: China indices, CNH crosses

2.45am – China Caixin (April): 
expected to rise to 51.3 from 51.1. Markets to watch: CNH crosses

9am – German GDP (Q1, flash): 
QoQ and YoY growth expected to be 0.1%, from -0.3% and -0.2% respectively. Markets to watch: EUR crosses

10am – eurozone GDP (Q1, flash), CPI (April, flash): 
QoQ growth rate forecast to rise to 0.2% from 0%, and YoY to rise to 0.5% from 0.2%. Inflationexpected to hold at 2.4% YoY and slow to 0.6% MoM from 0.8%, and core CPI to slow to 2.8% YoY from 2.9%. Markets to watch: eurozone indices, EUR crosses

2.45pm – US Chicago PMI (April): 
index forecast to rise to 44 from 41.5. Markets to watch: USD crosses


Wednesday

6am - Japan consumer confidence (April): index expected to rise to 39.6 from 39.5. Markets to watch: JPY crosses

1.15pm – US ADP employment report (April): 
162,000 jobs expected to have been created, from 184,000. Markets to watch: US indices, USD crosses

3pm – US ISM mfg PMI (April): 
index forecast to slip into contraction, down to 49 from 50.3. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 26 April): 
previous week saw stockpiles rise by 6.4 million barrels. Markets to watch: Brent, WTI

7pm – Fed rate decision: 
no change to current 5.5% rates expected, but the commentary and dot plot will be closely-watched for clues as to the direction of rates this year. Markets to watch: US indices, USD crosses


Thursday

1.30pm – US initial jobless claims (w/e 27 April): preceding week’s reading 207K. Markets to watch: USD crosses


Friday

1.30pm – US non-farm payrolls & employment report (April): payrolls forecast to rise by 190K, from 303K last month. Unemployment rate expected to hold at 3.8%, and average hourly earnings to rise 0.3% MoM and 4.1% YoY, in line with last month. Markets to watch: US indices, USD crosses

 

Company announcements

 

 

Monday
29 April

Tuesday
30 April

Wednesday
1 May

Thursday
2 May

Friday
3 May

Full-year earnings

 

Whitbread

 

 

Trainline

Half/ Quarterly earnings

 

HSBC,
Mercedes Benz,
Deutsche Lufthansa,
Volkswagen,
Coca-Cola,
Amazon,
McDonald’s,
Paypal

GSK,
Aston Martin Lagonda,
Pfizer,
Mastercard,
eBay

Shell,
Standard Chartered,
Apple,
ConocoPhillips

Société Générale

Trading update*

 

 

Next,
Wickes,
Haleon,
Metro Bank,
Barratt Developments

 

Intercontinental Hotels

 

* Please note these can change without notice

 

Dividends

FTSE 100: RELX, Glencore

FTSE 250: Senior, IWG, Inchcape, Hiscox, Coats, Elementis, Genuity, 4imprint, Edinburgh Inv. Trust

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
29 April

Tuesday
30 April

Wednesday
1 May

Thursday
2 May

Friday
3 May

Monday
6 May

FTSE 100

 

 

3.17

 

 

 

Australia 200

 

 

0.4

 

 

9.5

Wall Street

 

 

 

 

0.8

 

US 500

0.18

0.04

0.23

0.25

0.18

0.27

Nasdaq

 

 

 

0.28

0.70

1.56

Netherlands 25

 

 

0.91

 

 

 

EU Stocks 50

5.4

 

2.0

3.0

4.3

 

China H-Shares

 

 

 

 

 

 

Singapore Blue Chip

0.06

 

0.62

0.04

 

 

Hong Kong HS50

 

 

 

 

 

 

South Africa 40

 

 

18

 

 

 

Italy 40

 

 

 

 

 

 

Japan 225

 

 

 

 

 

 

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