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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 6 May

Chris Beauchamp's insight

A quieter week lies ahead, with many of the biggest names of US earnings season now behind us. But UK oil giant BP will release its first quarter figures, while the Australian and UK central banks are both expected to leave rates unchanged at their meetings this week.

Economic reports

  • Weekly View

Monday

None UK bank holidays – UK markets are closed.


Tuesday

5.30 am – RBA rate decision: rates expected to be left unchanged at 4.35%. Markets to watch: AUD crosses

9.30 am – UK construction PMI (April): e
xpected to rise to 50.3. Markets to watch: GBP crosses

3 pm – Canada Ivey PMI (April): 
index forecast to fall to 56.8 from 57.5. Markets to watch: CAD crosses


Wednesday

3.30 pm – US EIA crude oil inventories (w/e 3 May): The preceding week saw stockpiles rise by 7.3 million barrels. Markets to watch: Brent, WTI


Thursday

4 am – China trade data (April): exports forecast to fall 2% YoY, up from a 7.5% drop in March. Markets to watch: CNH crosses

12 pm – Bank of England rate decision: 
rates expected to remain at 5.25%, with eight of nine MPC members expected to vote to hold rates unchanged, and one to vote to cut rates. Markets to watch: GBP crosses

1.30 pm – US initial jobless claims (w/e 4 May). Markets to watch: USD crosses


Friday

7 am – UK GDP (Q1, preliminary): growth expected to be 0.2% QoQ from -0.3% in Q4, and 0.5% YoY from -0.2% a year ago. Markets to watch: GBP crosses

1.30 pm – Canada employment data (April): 
unemployment rate to hold at 6.1%. Markets to watch: CAD crosses

3 pm – US Michigan consumer confidence (May, preliminary): 
index forecast to rise to 78 from 77.2. Markets to watch: USD crosses

 

Company announcements

 

 

Monday
6 May

Tuesday
7 May

Wednesday
8 May

Thursday
9 May

Friday
10 May

Full-year earnings

         

Half/ Quarterly earnings

  BP,
Disney
Ab-InBev,
Airbnb
   

Trading update*

  Direct Line JDWetherspoon ITV,
Rathbones,
John Wood Group
IAG

 

 
 

Dividends

FTSE 100: Admiral, HSBC

FTSE 250: Sthree, Clarkson, Bellevue Healthcare, Ibstock, Lancashire Holding, Petershill Partners, AG Barr

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.

 

Monday
6 May
Tuesday
7 May
Wednesday
8 May
Thursday
9 May
Friday
10 May
Monday
13 May
FTSE 100     19.59      
Australia 200 8.8 0.1 8.5   12.9  
Wall Street     12.3 1.6    
US 500 0.27 0.01 1.08 0.84 0.08 0.84
Nasdaq 1.56   1.69 2.48   1.11
Netherlands 25     1.28 0.34    
EU Stocks 50     13.8 0.5 6.1  
China H-Shares         1.4  
Singapore Blue Chip 0.08 1.39 1.05      
Hong Kong HS50   1.7 54.6   2.6 4.7
South Africa 40   54.0        
Italy 40            
Japan 225            

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