The Week Ahead On The Markets
The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 22 July
Chris Beauchamp's insight
US gross domestic product (GDP) data for quarter 2 (Q2), plus flash purchasing managers index (PMIs) from around the globe, are the economic events to watch this week. Earnings come thick and fast from around the world, including Tesla, Ford and General Motors in the US, plus UK banks Lloyds and NatWest, along with French luxury titan LVMH.
Economic reports
Weekly View
Monday
1.30 pm – US Chicago Fed nat’l activity index (June): expected to rise to 0.3 from 0.18. Markets to watch: USD crosses
Tuesday
10 am – German ZEW index (July): expected to fall to 46. Markets to watch: EUR crosses
1.30 pm – US retail sales (June): forecast to rise 0.1% MoM. Markets to watch: USD crosses
1.30 pm – Canada CPI (June): prices forecast to rise 2.9% YoY. Markets to watch: CAD crosses
Wednesday
1.30 am – Japan PMI (July, flash) Markets to watch: JPY crosses
7 am – German consumer confidence (August): index to rise to -19.5. Markets to watch: EUR crosses
8.30 am – German PMI (July, flash): manufacturing PMI to rise to 44.2 from 43.5. Markets to watch: EUR crosses
9.30 am – UK PMI (July, flash): manufacturing PMI is expected to rise to 52.5 from 52.3, and services PMI to rise to 52.3 from 52.1. Markets to watch: GBP crosses
2.45 pm – Bank of Canada rate decision: rates expected to remain unchanged at 4.75%. Markets to watch: CAD crosses
2.45 pm – US PMI (July, flash): manufacturing PMI is forecast to rise to 52.4 from 51.6, and services to rise to 55.4 from 55.3. Markets to watch: USD crosses
3 pm – US new home sales (June): sales forecast to rise 2% MoM from -11.3%. Markets to watch: USD crosses
3.30 pm – US EIA crude oil inventories (w/e 19 July): stockpiles fell by 4.87 million barrels in the previous week. Markets to watch: Brent, WTI
Thursday
9 am – German IFO business climate index (July): previous reading 88.6. Markets to watch: EUR crosses
1.30 pm – US durable goods orders (June) GDP (Q2, advance reading), initial jobless claims (w/e 20 July): orders forecast to rise 2.1% from 0.1%. GDP is forecast to rise 2.5% from 1.4%. Claims are expected to rise to 245K after rising sharply to 243K in the preceding week. Markets to watch: US indices, USD crosses
Friday
1.30 pm – US PCE price index (June): prices are forecast to rise 0.1% MoM and 2.5% YoY, from 0% and 2.6%, and core PCE to rise 0.2% MoM from 0.1%. Markets to watch: US indices, USD crosses
Company announcements
|
Monday |
Tuesday |
Wednesday |
Thursday 25 July |
Friday |
Full-year earnings |
|||||
Half/ Quarterly earnings |
Ryanair, Verizon |
LVMH, Sthree, Tesla, UPS, Visa, General Motors, Alphabet |
Reckitt Benckiser, Aston Martin Lagonda, IBM, AT&T, Ford |
Lloyds, Unilever, British American Tobacco, ITV, Anglo American, AstraZeneca, Dow Chemical, Northrop Grumman, Abbvie |
NatWest |
Trading update* |
Compass, Wickes |
easyJet |
Dividends
FTSE 100: SSE
FTSE 250: Pennon, Qinetiq, Foresight Solar, City of London Inv Trust, HICL Infrastructure, Bankers Inv Trust
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 22 July |
Tuesday 23 July |
Wednesday 24 July |
Thursday 25 July |
Friday 26 July |
Monday 29 July |
FTSE 100 | 1.77 | |||||
Australia 200 | ||||||
Wall Street | ||||||
US 500 | 0.08 | 0.05 | 0.38 | 0.07 | 0.24 | |
Nasdaq | 0.98 | 0.20 | 1.57 | |||
Netherlands 25 | ||||||
EU Stocks 50 | 0.8 | |||||
China H-Shares | ||||||
Singapore Blue Chip | ||||||
Hong Kong HS50 | ||||||
South Africa 40 | ||||||
Italy 40 | ||||||
Japan 225 | 2.1 |
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