The Week Ahead On The Markets
Entry posted by MongiIG in Market News
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The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 3 June
Chris Beauchamp's insight
A potential rate cut by the European Central Bank (ECB) is the main event to watch for this week, closely followed by monthly US payroll reports and China purchasing managers indices (PMIs). Corporate data is very thin, with earnings season in US very much in its final weeks, and few major UK or European companies reporting.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
Monday
2.45am – China Caixin manufacturing PMI (May): previous reading 51.4. Markets to watch: CNH crosses
3pm – US ISM manufacturing PMI (May): index expected to rise to 50 from 49.2. Markets to watch: USD crosses
Tuesday
8.55am – German unemployment rate (May): rate forecast to hold at 5.9%. Markets to watch: EUR crosses
3pm – US JOLTS survey (April): job openings expected to be 8.4 million, from 8.488 million in March. Markets to watch: USD crosses
Wednesday
2.30am – Australia GDP (Q1): QoQ growth forecast to be 0.3% from 0.2%, and 1.2% from 1.5% YoY. Markets to watch: AUD crosses
2.45am – China Caixin services PMI (May): previous reading 52.5. Markets to watch: CNH crosses
1.15pm – US ADP employment report (May): 188K jobs expected, from 192K in April. Markets to watch: US indices, USD crosses
2.45pm – Bank of Canada rate decision: rates forecast to remain at 5%. Markets to watch: CAD crosses
3pm – US ISM services PMI (May): forecast to rise to 52 from 49.54. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 31 May): previous week saw stockpiles fall by 4.16 million barrels. Markets to watch: Brent, WTI
Thursday
9.30am – UK construction PMI (May): forecast to fall to 52.4 from 53. Markets to watch: GBP crosses
1.15pm – European Central Bank rate decision: rates expected to be cut to 4.25% from 4.5%, the first cut since March 2016. Markets to watch: eurozone indices, EUR crosses
1.30pm – US initial jobless claims (w/e 1 June): expected to rise to 220K from 219K. Markets to watch: USD crosses
3pm – Canada Ivey PMI (May): index expected to fall to 61 from 63. Markets to watch: CAD crosses
Friday
4am – China trade balance (May): exports rose 1.5% YoY in April. Markets to watch: CNH crosses
1.30pm – US non-farm payrolls (May): payrolls expected to be 151K, from 175K, and unemployment rate to hold at 3.9%. Average hourly earnings forecast to rise 0.2% MoM and 3.9% YoY, in line with April. Markets to watch: US indices, USD crosses
1.30pm – Canda employment report (May): unemployment rate expected to hold at 6.1%. Markets to watch: CAD crosses
Company announcements
|
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
Full-year earnings |
N Brown | B&M European Value | MITIE | ||
|
Half/ Quarterly earnings |
Hewlett Packard Enterprise |
Dollar Tree, Gamestop |
|||
|
Trading update* |
British American Tobacco |
WHSmith, Barratt Developments, Kier |
Bellway |
Dividends
FTSE 100: WPP, Informa, J Sainsbury, National Grid
FTSE 250: Marshalls, Computacenter, Assura, IntegraFin, Energean, Johnson Matthey, AJ Bell, Pets at Home, JLEN Environmental Assets
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 3 June |
Tuesday 4 June |
Wednesday 5 June |
Thursday 6 June |
Friday 7 June |
Monday 10 June |
| FTSE 100 | 11.45 | |||||
| Australia 200 | 0.1 | |||||
| Wall Street | 6.9 | |||||
| US 500 | 0.29 | 0.08 | 0.07 | 0.98 | 0.49 | 0.02 |
| Nasdaq | 1.49 | 0.08 | 0.64 | 2.85 | 1.18 | 0.18 |
| Netherlands 25 | ||||||
| EU Stocks 50 | 1.5 | |||||
| China H-Shares | 0.6 | 3.5 | 12.5 | 10.3 | 4.4 | |
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 2.4 | 9.5 | 27.2 | 20.9 | 8.1 | |
| South Africa 40 | ||||||
| Italy 40 | ||||||
| Japan 225 |
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