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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

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Week commencing 24 January

Chris Beauchamp’s insight

Earnings season is in full flow, and major names like Tesla, Microsoft and Apple report this week. But we also have a vital Fed decision on Wednesday, where the US central bank is expected to lay out a more hawkish policy that may include rate rises as early as March. In addition, flash PMIs from around the globe will provide the potential for further volatility. Video

 

Economic reports

  • Weekly view

Monday

12.30am – Japan PMIs (January, flash): services PMI to fall to 52 and mfg to drop to 54. Markets to watch: Nikkei, JPY crosses

8.15am – 9am – French, German, eurozone PMIs (January, flash): some weakness expected in these readings, but they are still forecast to remain firmly in expansion territory. Markets to watch: eurozone indices, EUR crosses

9.30am – UK PMIs (January, flash): services PMI to rise to 54 and mfg PMI to fall to 57. Markets to watch: GBP crosses

2.45pm – US PMIs (January, flash): mfg PMI to fall to 57 and services to fall to 57.1. Markets to watch: US indices, USD crosses

Tuesday

12.30am – Australia inflation (Q4): prices to rise 0.5% QoQ. Markets to watch: AUD crosses

9am – German IFO index (January): business climate index to rise to 96.5. Markets to watch: EUR crosses

3pm – US consumer confidence (January): index to fall to 113. Markets to watch: USD crosses

Wednesday

3pm – Bank of Canada rate decision: no change in rates expected, but more hawkish commentary may boost CAD. Markets to watch: CAD crosses

3pm – US new home sales (December): sales expected to rise 0.3% MoM. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 21 January): previous week saw stockpiles rise by 515,000 barrels. Markets to watch: Brent, WTI

7pm – FOMC rate decision: while policy is not expected to change, recent hawkish commentary suggests that a rate rise may come as soon as March. Other commentary surrounding the winding down of QE is also to be expected. Markets to watch: US indices, USD crosses

Thursday

1.30pm – US durable goods orders (December), GDP (Q4, preliminary), initial jobless claims (w/e 22 January): orders expected to fall 0.2% MoM, while GDP to grow 5.8% QoQ from 2.3% in Q3. Claims to rise to 295K from 286K. Markets to watch: US indices, USD crosses

3pm – US pending home sales (December): sales to rise 0.4% MoM. Markets to watch: USD crosses

Friday

1.30pm – US PCE price index (December): the Fed’s preferred measure of inflation, index expected to rise 0.4% MoM and 5.9% YoY. Markets to watch: USD crosses

 

Dividends

FTSE 100: None

FTSE 250: Pennon, Victrex, Paragon Banking Group, City of London 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
24 January
Tuesday
25 January
Wednesday
26 January
Thursday
27 January
Friday
28 January
Monday
31 January
FTSE 100  

 

       
Australia 200            
Wall Street            
US 500 0.02 0.06 0.28 0.52 0.08 0.02
Nasdaq       1.41   0.19
Netherlands 25            
EU Stocks 50            
China H-Shares            
Singapore Blue Chip       0.12   0.08
Hong Kong HS50            
South Africa 40   7.5        
Italy 40            
Japan 225       1.6    

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