The Week Ahead
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Week commencing 6 July
Chris Beauchamp insight
It is a week of mostly second-tier data, though the US ISM services PMI is a notable highlight. In the UK, oil giant Shell releases an update, as does water utility and noted dividend payer Severn Trent. Delta Airlines in the US is the first major firm to report Q2 earnings, with the season kicking off in earnest the following week.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
9.30am (London time) – UK construction PMI (June): forecast to rise to 45 from 38.2. Markets to watch: GBP crosses
3pm (London time) – US ISM services PMI (June): expected to slip to 54 from 54.5. Markets to watch: USD crosses
3pm (London time) – Canada Ivey PMI (June): forecast to fall to 50 from 58.2. Markets to watch: CAD crosses
3.30pm (London time) – US EIA crude oil inventories (w/e 3 July): stockpiles fell by 3.8 million barrels in the previous week, the smallest drawdown since the second half of May. Markets to watch: Brent, WTI
7pm (London time) – Fed minutes: the Fed left rates unchanged at its last meeting. These minutes will provide some insight into the committee under Warsh's leadership. Markets to watch: US indices, USD crosses
2.30am (London time) – China inflation (June): prices forecast to rise 1.2% YoY, in line with May, and 0.3% MoM, an acceleration from May's 0.1% fall. Markets to watch: CNH crosses
1.30pm (London time) – US initial jobless claims (w/e 4 July): expected to rise to 220K from 215K. Markets to watch: USD crosses
3pm (London time) – US existing home sales (June): sales expected to fall 2.5% MoM. Markets to watch: USD crosses
1.30pm (London time) – Canada employment data (June): unemployment rate expected to rise to 7% from 6.6%. Markets to watch: CAD crosses
Monday
9.30am (London time) – UK construction PMI (June): forecast to rise to 45 from 38.2. Markets to watch: GBP crosses
3pm (London time) – US ISM services PMI (June): expected to slip to 54 from 54.5. Markets to watch: USD crosses
Tuesday
3pm (London time) – Canada Ivey PMI (June): forecast to fall to 50 from 58.2. Markets to watch: CAD crosses
Wednesday
3.30pm (London time) – US EIA crude oil inventories (w/e 3 July): stockpiles fell by 3.8 million barrels in the previous week, the smallest drawdown since the second half of May. Markets to watch: Brent, WTI
7pm (London time) – Fed minutes: the Fed left rates unchanged at its last meeting. These minutes will provide some insight into the committee under Warsh's leadership. Markets to watch: US indices, USD crosses
Thursday
2.30am (London time) – China inflation (June): prices forecast to rise 1.2% YoY, in line with May, and 0.3% MoM, an acceleration from May's 0.1% fall. Markets to watch: CNH crosses
1.30pm (London time) – US initial jobless claims (w/e 4 July): expected to rise to 220K from 215K. Markets to watch: USD crosses
3pm (London time) – US existing home sales (June): sales expected to fall 2.5% MoM. Markets to watch: USD crosses
Friday
1.30pm (London time) – Canada employment data (June): unemployment rate expected to rise to 7% from 6.6%. Markets to watch: CAD crosses
Company announcements
| Monday 6 Jul |
Tuesday 7 Jul |
Wednesday 8 Jul |
Thursday 9 Jul |
Friday 10 Jul |
|
| Full-year earnings | |||||
| Half/ Quarterly earnings | Costco | PepsiCo | Delta Airlines | ||
| Trading update | Shell | Unite Pennon |
Severn Trent | Hays |
Dividends
FTSE 100: British American Tobacco, Halma
FTSE 250: Sirius Real Estate, Oxford Instruments, AO World
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 06-Jul |
Tuesday 07-Jul |
Wednesday 08-Jul |
Thursday 09-Jul |
Friday 10-Jul |
Monday 13-Jul |
|
| FTSE 100 | 5.47 | |||||
| Australia 200 | 0.3 | |||||
| Wall Street | ||||||
| US 500 | 0.06 | 0.02 | 0.25 | 0.76 | 0.01 | 0.09 |
| Nasdaq | 0.12 | 0.43 | 0.07 | |||
| Netherlands 25 | ||||||
| EU Stocks 50 | ||||||
| China H-Shares | ||||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | ||||||
| South Africa 40 | 25.6 | |||||
| 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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