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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 27 May

Chris Beauchamp's insight

US GDP and the German IFO index and consumer price index (CPI) data are the main economic events this week, along with the US PCE price index on Friday. Corporate news is lighter, with the main names from the US earnings season now firmly behind us.

Economic reports

  • Weekly View

Monday

UK Bank Holiday – UK markets closed

9 am – German IFO index (May): index forecast to rise to 90.5 from 89.4. Markets to watch: EUR crosses


Tuesday

3 pm – US Conference Board consumer confidence (May): index to fall to 92 from 97. Markets to watch: USD crosses


Wednesday

6 am – Japan consumer confidence (May): expected at 38.0 versus 38.3 previously. Markets to watch: JPY crosses

7 am – German GfK consumer confidence (June): index forecast to rise to -23 from -24.2. Markets to watch: EUR crosses

1 pm – German CPI (May, preliminary): index expected to rise to 2.5% YoY and by 0.2% MoM versus 2.2% YoY and 0.5% MoM. Markets to watch: EUR crosses


Thursday

1.30 pm – US GDP (Q1, 2nd estimate), initial jobless claims (w/e 25 May): GDP to slow to 1.6% from 3.4%, and claims expected to rise from 215k to 218k Markets to watch: USD crosses

3 pm – US pending home sales (April): sales forecast to fall 2% MoM versus a rise of 3.4%. Markets to watch: USD crosses

4 pm – US EIA crude oil inventories (w/e 24 May): stockpiles rose by 1.825 million barrels in the preceding week. Markets to watch: Brent, WTI


Friday

12.30 am – Japan unemployment rate (April): forecast at 2.5% versus 2.6% in March. Markets to watch: JPY crosses

2.30 am – China PMI (May): manufacturing PMI is expected to drop to 50.2 from 50.4, and non-manufacturing to fall to 50.9 from 51.2. Markets to watch: China indices, CNH crosses

10 am – eurozone inflation (May, flash): prices forecast to rise 2.5% from 2.4% YoY, and 0.1% from 0.6% MoM. Core inflation is expected to rise 2.5% from 2.7% YoY. Markets to watch: eurozone indices, EUR crosses

1.30 pm – US PCE price index (April): PCE price index forecast to rise 2.6% from 2.7% YoY and 0.2% from 0.3% MoM. Markets to watch: USD crosses

2.45 pm – US Chicago PMI (May): forecast to rise to 39 from 37.9. Markets to watch: USD crosses

 

Company announcements

 

 

Monday
27 May

Tuesday
28 May

Wednesday
29 May

Thursday
30 May

Friday
31 May

Full-year earnings

    Pets at Home,
JD Sports
Dr Martens  

Half/ Quarterly earnings

  Hewlett Packard Enterprise HP,
Salesforce
Costco,
Dollar General,
Best Buy,
Gap
 

Trading update*

    WHSmith    

 

 
 

Dividends

FTSE 100: Centrica, Intertek, Coca-Cola HBC, Assoc. British Foods, Sage, Marks & Spencer, Severn Trent

FTSE 250: Keller, Hill & Smith, Centamin, Hilton Food, JTC, Alliance Trust, Victrex, Britvic, SSP, Law Debenture Corp

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
27 May
Tuesday
28 May
Wednesday
29 May
Thursday
30 May
Friday
31 May
Monday
3 May
FTSE 100            
Australia 200 0.1 0.1 0.1 0.3 0.2  
Wall Street     32.8 4.6 13.4  
US 500   0.07 0.54 0.49 0.63 0.29
Nasdaq   0.21 1.25 1.33   1.49
Netherlands 25            
EU Stocks 50 4.0   2.7      
China H-Shares     6.3 1.1   0.6
Singapore Blue Chip   0.12        
Hong Kong HS50 12.4 21.3 0.2 4.0   2.4
South Africa 40            
Italy 40            
Japan 225            

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