The Week Ahead On The Markets
Entry posted by KoketsoIG in Market News
672 views
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 |
Tuesday |
Wednesday |
Thursday |
Friday |
|
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 |
-
1
0 Comments
Recommended Comments
There are no comments to display.
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now