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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 10 June

Chris Beauchamp's insight

The week is dominated by Wednesday’s events, which include China’s inflation reading, and then the key data of US inflation, followed up by the Fed decision. While the FOMC is not expected to change policy, the press conference could shed further light on how the committee expects policy to evolve in the coming months. While the Bank of Japan is also expected to hold rates, its meeting may provide more clues on when the next rate hike may occur. Aside from Tesco’s trading statement in the UK, big corporate events are thin on the ground.

 

Economic reports

  • Weekly View

Monday

None


Tuesday

2.30 am – Australia NAB business confidence (May): previous reading 1. Markets to watch: AUD crosses

7 am – UK unemployment data (April): unemployment rate to hold at 4.3% and average earnings to rise 5.5% for the 3 months to April, down from 5.7%. Markets to watch: GBP crosses


Wednesday

2.30 am – China CPI (May): prices are expected to rise 0.3% YoY and 0.1% MoM. Markets to watch: CNH crosses

7 am – UK GDP (April): growth to be 0.2% in April. Markets to watch: GBP crosses

1.30 pm – US CPI (May): prices are expected to rise 3.4% YoY and 0.1% MoM, from 3.4% and 0.3% in April. Core CPI is expected to be 0.3% and 3.6%, in line with April. Markets to watch: US indices, USD crosses

3.30 pm – US EIA crude oil inventories (w/e 7 June): stockpiles rose by 1.2 million barrels in the previous year. Markets to watch: Brent, WTI

7 pm – Fed rate decision (7.30 pm press conference): rates expected to be held at 5.5%. Markets to watch: US indices, USD crosses


Thursday

1.30 am – Australia consumer confidence (June), employment rate (May): index forecast to rise to 83 from 82.2. Employment to hold at 4.1%. Markets to watch: AUD crosses

1.30 pm – US PPI (May), initial jobless claims (w/e 8 June): PPI to be 0.2% MoM from 0.5%. Claims are expected to fall to 227K from 229K. Markets to watch: USD crosses


Friday

5 am – BoJ rate decision: no change expected. Markets to watch: JPY crosses

3 pm – Michigan consumer sentiment (June, preliminary): index to rise to 70 from 69.1. Markets to watch: USD crosse

 

Company announcements

 

 

Monday
10 June

Tuesday
11 June

Wednesday
12 June

Thursday
13 June

Friday
14 June

Full-year earnings

  Firstgroup      

Half/ Quarterly earnings

  Oracle Safestore Holdings PLC, Broadcom Virgin Money, Crest Nicholson, Fuller Smith & Turner  

Trading update*

        Tesco

 

 
 

Dividends

FTSE 100: Compass, Land Securities Group PLC, RS Group, Scottish Mortgage Inv Trust, Scottish Mortgage Inv Trust, JD Sports

FTSE 250: TBC Bank, 3i Infrastructure, Empiric Student Property, Hollywood Bowl, Londonmetric Property, Worldwide Healthcare, SDCL Energy Efficiency

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
10 June
Tuesday
11 June
Wednesday
12 June
Thursday
13 June
Friday
14 June
Monday
17 June
FTSE 100     2.55      
Australia 200   0.3 0.4     0.2
Wall Street       3.2 18.9  
US 500 0.02 0.13 0.06 1.37 0.67 0.12
Nasdaq 0.18   0.34 3.40   0.35
Netherlands 25       0.22    
EU Stocks 50            
China H-Shares 4.4 13.6 8.7 1.4   4.4
Singapore Blue Chip            
Hong Kong HS50 8.1 38.0 17.2 2.6 2.6 .8.2
South Africa 40            
Italy 40            
Japan 225
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