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The Week Ahead On The Markets


MongiIG

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The Week Ahead

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

IG Group.PNG
 

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
3 June

Tuesday
4 June

Wednesday
5 June

Thursday
6 June

Friday
7 June

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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