The Week Ahead
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Week commencing 20 May
Chris Beauchamp's insight
UK and Japanese inflation and the monthly flash purchasing managers index (PMI) readings are the main events of the week on the economic front, though there are also a host of speeches by central bankers that may move markets. Nvidia is the last of the high profile US earnings reports to come through, while in the UK Marks & Spencer and Aviva both publish figures.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
10am – speech by Bank of England deputy governor Ben Broadbent. Markets to watch: GBP crosses
1.45pm – speech by FOMC member Bostic. Markets to watch: USD crosses
2pm – speech by FOMC member Barr. Markets to watch: USD crosses
1.30am – Australia Westpac consumer confidence (May): index forecast to rise to 83.1. Markets to watch: AUD crosses
2.30am – RBA meeting minutes. Markets to watch: AUD crosses
9am – speech by ECB president Lagarde. Markets to watch: EUR crosses
1.30pm – Canada CPI (April): prices expected to rise 2.8% YoY and 0.4% MoM, from 2.9% and 0.6%. Markets to watch: CAD crosses
2pm – 2.10pm – speeches by FOMC members Barkin. Williams, Bostic & Waller. Markets to watch: USD crosses
6pm – speech by BoE governor Bailey. Markets to watch: GBP crosses
12am – speeches by FOMC members Bostic, Collins & Mester. Markets to watch: USD crosses
7am – UK CPI (April): prices expected to rise 3.1% YoY and 0.5% MoM, from 3.2% and 0.6%. Markets to watch: GBP crosses
3.30pm – US EIA crude oil inventories (w/e 17 May): stockpiles fell by 2.5 million barrels in the preceding week. Markets to watch: Brent, WTI
7pm – FOMC minutes. Markets to watch: US indices, USD crosses
1.30am – Japan PMI (May, flash): previous readings were 49.6 for manufacturing and 54.3 for services. Markets to watch: JPY crosses
8.30am – German PMI (May, flash): manufacturing PMI to rise to 44 from 42.5. Markets to watch: EUR crosses
9.30am – UK PMI (May, flash): manufacturing PMI to rise to 49.7 from 49.1, services PMI to fall to 53.5 from 55. Markets to watch: GBP crosses
12.30pm – speech by BoE MPC member Huw Pill. Markets to watch: GBP crosses
1.30pm – US initial jobless claims (w/e 18 May), Chicago Fed index (April): claims expected to rise to 225K from 222K. Chicago Fed index forecast to rise to 0.16 from 0.15. Markets to watch: USD crosses
2.45pm – US flash PMI (May, flash): manufacturing expected to rise to 50.1 from 50 and services to rise to 51.4 from 51.3. Markets to watch: USD crosses
3pm – Eurozone consumer confidence (May, flash): index forecast to rise to -14.4. Markets to watch: EUR crosses
3pm – US new home sales (April): sales expected to fall 1.4% MoM. Markets to watch: USD crosses
8pm- speech by FOMC member Bostic. Markets to watch: USD crosses
12.30am – Japan CPI (April): prices forecast to rise 2.5% YoY, from 2.7%. Markets to watch: Nikkei 225, JPY crosses
7am – UK retail sales (April): sales expected to be 0.3% MoM and 1.1% YoY. Markets to watch: GBP crosses
1.30pm – US durable goods roders (April): orders expected to rise 0.3% overall and 0.1% excluding transportation. Markets to watch: USD crosses
Monday
10am – speech by Bank of England deputy governor Ben Broadbent. Markets to watch: GBP crosses
1.45pm – speech by FOMC member Bostic. Markets to watch: USD crosses
2pm – speech by FOMC member Barr. Markets to watch: USD crosses
Tuesday
1.30am – Australia Westpac consumer confidence (May): index forecast to rise to 83.1. Markets to watch: AUD crosses
2.30am – RBA meeting minutes. Markets to watch: AUD crosses
9am – speech by ECB president Lagarde. Markets to watch: EUR crosses
1.30pm – Canada CPI (April): prices expected to rise 2.8% YoY and 0.4% MoM, from 2.9% and 0.6%. Markets to watch: CAD crosses
2pm – 2.10pm – speeches by FOMC members Barkin. Williams, Bostic & Waller. Markets to watch: USD crosses
6pm – speech by BoE governor Bailey. Markets to watch: GBP crosses
Wednesday
12am – speeches by FOMC members Bostic, Collins & Mester. Markets to watch: USD crosses
7am – UK CPI (April): prices expected to rise 3.1% YoY and 0.5% MoM, from 3.2% and 0.6%. Markets to watch: GBP crosses
3.30pm – US EIA crude oil inventories (w/e 17 May): stockpiles fell by 2.5 million barrels in the preceding week. Markets to watch: Brent, WTI
7pm – FOMC minutes. Markets to watch: US indices, USD crosses
Thursday
1.30am – Japan PMI (May, flash): previous readings were 49.6 for manufacturing and 54.3 for services. Markets to watch: JPY crosses
8.30am – German PMI (May, flash): manufacturing PMI to rise to 44 from 42.5. Markets to watch: EUR crosses
9.30am – UK PMI (May, flash): manufacturing PMI to rise to 49.7 from 49.1, services PMI to fall to 53.5 from 55. Markets to watch: GBP crosses
12.30pm – speech by BoE MPC member Huw Pill. Markets to watch: GBP crosses
1.30pm – US initial jobless claims (w/e 18 May), Chicago Fed index (April): claims expected to rise to 225K from 222K. Chicago Fed index forecast to rise to 0.16 from 0.15. Markets to watch: USD crosses
2.45pm – US flash PMI (May, flash): manufacturing expected to rise to 50.1 from 50 and services to rise to 51.4 from 51.3. Markets to watch: USD crosses
3pm – Eurozone consumer confidence (May, flash): index forecast to rise to -14.4. Markets to watch: EUR crosses
3pm – US new home sales (April): sales expected to fall 1.4% MoM. Markets to watch: USD crosses
8pm- speech by FOMC member Bostic. Markets to watch: USD crosses
Friday
12.30am – Japan CPI (April): prices forecast to rise 2.5% YoY, from 2.7%. Markets to watch: Nikkei 225, JPY crosses
7am – UK retail sales (April): sales expected to be 0.3% MoM and 1.1% YoY. Markets to watch: GBP crosses
1.30pm – US durable goods roders (April): orders expected to rise 0.3% overall and 0.1% excluding transportation. Markets to watch: USD crosses
Company announcements
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
Full-year earnings |
British Land, Severn Trent, SSE, Marks & Spencer |
National Grid, IDS |
|||
Half/ Quarterly earnings |
Ryanair, Big Yellow |
NVIDIA | |||
Trading update* |
Smiths Group, Kingfisher |
Close Bros, Kier |
Aviva |
Dividends
FTSE 100: Whitbread, Diploma, DCC, Imperial Brands
FTSE 250: Ascential (20 May), Spire Healthcare, Bellway, TI Fluid, Tritax Big Box, Diversified Energy Co, HICL Infrastructure, Tritax Eurobox, Grainger
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 20 May |
Tuesday 21 May |
Wednesday 22 May |
Thursday 23 May |
Friday 24 May |
Monday 27 May |
FTSE 100 | 1.91 | |||||
Australia 200 | 0.4 | 1.1 | 0.3 | 0.1 | ||
Wall Street | 4.6 | |||||
US 500 | 0.14 | 0.07 | 0.19 | 0.30 | 0.02 | |
Nasdaq | 0.32 | 0.44 | 0.35 | |||
Netherlands 25 | 0.56 | |||||
EU Stocks 50 | 7.1 | 4.0 | ||||
China H-Shares | 1.0 | 1.4 | ||||
Singapore Blue Chip | 0.06 | |||||
Hong Kong HS50 | 2.7 | 4.4 | 2.6 | 2.6 | 6.6 | 12.4 |
South Africa 40 | ||||||
Italy 40 | ||||||
Japan 225 |
* Please note these can change without notice
1 Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day
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Fast execution on a huge range of markets
Enjoy flexible access to 17,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With more than 47 years of experience, we’re proud to offer a truly market-leading service