A look ahead to the major events, economic releases and company news expected next week.
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The week ahead
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See a full calendar of key economic reports and company announcements
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Watch expert commentary and insight from our analysts
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Discover upcoming trading opportunities and markets to watch
Week commencing 23 April
Chris Beauchamp, market analyst
This week is one of those weeks when both the economic and corporate calendars are nearly full to bursting. We have purchasing managers indexes (PMIs) from the eurozone and the US, plus a European Central Bank (ECB) meeting, preliminary gross domestic product (GDP) reports from the UK and US, as well as US durable goods and a Bank of Japan (BoJ) meeting. Each day has plenty to keep markets busy.
This is without taking into account the swathe of earnings from the UK, Europe and the US. Tech takes the spotlight in the US, with Alphabet, Facebook, Twitter and Amazon. In the UK we have bank trading updates, and a full-year statement from Whitbread.
Economic reports
Week commencing 23 April
Monday
1.30am – Japan mfg PMI (April, flash): expected to fall to 52.6 from 53.2. Markets to watch: Nikkei 225, Yen crosses
8am – 9am – French, German, eurozone services & mfg PMIs (April, flash): these are expected to ease back slightly, and as a result could put EUR under further pressure. Markets to watch: eurozone indices, EUR crosses
1.30pm – US Chicago Fed national activity index (March): expected to fall to 0.2 from 0.88. Markets to watch: US indices, USD crosses
2.45pm – US services & mfg PMIs (April, flash): mfg to fall to 55 from 55.6, while services to hold at 54. Markets to watch: US indices, USD crosses
3pm – US existing home sales (March): expected to rise to an annual rate of 5.55 million from 5.54 million. Markets to watch: US indices, USD crosses
Tuesday
2.30am – Australia CPI (Q1): forecast to be 2% YoY and 0.7% QoQ, from 1.9% and 0.6%. Market to watch: AUD crosses
9am – German Ifo index (April): business climate index to rise to 114.8 from 114.7. Market to watch: EUR crosses
3pm – US consumer confidence (April), new home sales (March): confidence to fall to 125 from 127.7, while new home sales to rise 1.9% MoM from a 0.6% drop. Markets to watch: US indices, USD crosses
Wednesday
3.30pm – US EIA crude inventories (w/e 20 April): stockpiles expected to rise by 290,000 barrels, from a drop a 1.07 million a week earlier. Markets to watch: Brent, WTI
Thursday
7am – German GfK consumer confidence (May): forecast to fall to 10.8 from 10.9. Market to watch: EUR crosses
12.45pm – ECB rate decision (1.30pm press conference): no change in rates expected, and while there is a growing belief that the bank will have to tighten policy in due course, recent weaker economic data may well allow Mario Draghi to stick with the accommodative stance. Markets to watch: eurozone indices, EUR crosses
1.30pm – US durable goods orders (March): forecast to rise 1% MoM from 3.1%, and 0.4% MoM excluding transportation, from 1.2% a month earlier. Markets to watch: US indices, USD crosses
Friday
12.30am – Japan unemployment rate (March): forecast to rise to 2.6% from 2.5%. Market to watch: JPY crosses
4am – Bank of Japan decision: no change expected here, but hints of a possible hawkish shift could be positive for JPY. Market to watch: JPY crosses
8.55am – German unemployment rate (April): expected to remain at 5.3%, while unemployment drops by 15K from a 19K drop in March. Market to watch: EUR crosses
9.30am – UK GDP growth (Q1, preliminary): growth is expected to be 0.4% QoQ and 1.5% YoY, from 0.4% and 1.4% respectively. Markets to watch: FTSE 100/250, GBP crosses
10am – eurozone business confidence (April): forecast to rise to 1.39 from 1.34. Market to watch: EUR crosses
1.30pm – US GDP growth (Q1, advanced reading): expected to be 2.3% QoQ, from 2.9%. Markets to watch: US indices, USD crosses
3pm – US Michigan confidence reading (April, final): expected to be 98 from 101.4. Markets to watch: US indices, USD crosses
Weekly view
Monday
1.30am – Japan mfg PMI (April, flash): expected to fall to 52.6 from 53.2. Markets to watch: Nikkei 225, Yen crosses
8am – 9am – French, German, eurozone services & mfg PMIs (April, flash): these are expected to ease back slightly, and as a result could put EUR under further pressure. Markets to watch: eurozone indices, EUR crosses
1.30pm – US Chicago Fed national activity index (March): expected to fall to 0.2 from 0.88. Markets to watch: US indices, USD crosses
2.45pm – US services & mfg PMIs (April, flash): mfg to fall to 55 from 55.6, while services to hold at 54. Markets to watch: US indices, USD crosses
3pm – US existing home sales (March): expected to rise to an annual rate of 5.55 million from 5.54 million. Markets to watch: US indices, USD crosses
Tuesday
2.30am – Australia CPI (Q1): forecast to be 2% YoY and 0.7% QoQ, from 1.9% and 0.6%. Market to watch: AUD crosses
9am – German Ifo index (April): business climate index to rise to 114.8 from 114.7. Market to watch: EUR crosses
3pm – US consumer confidence (April), new home sales (March): confidence to fall to 125 from 127.7, while new home sales to rise 1.9% MoM from a 0.6% drop. Markets to watch: US indices, USD crosses
Wednesday
3.30pm – US EIA crude inventories (w/e 20 April): stockpiles expected to rise by 290,000 barrels, from a drop a 1.07 million a week earlier. Markets to watch: Brent, WTI
Thursday
7am – German GfK consumer confidence (May): forecast to fall to 10.8 from 10.9. Market to watch: EUR crosses
12.45pm – ECB rate decision (1.30pm press conference): no change in rates expected, and while there is a growing belief that the bank will have to tighten policy in due course, recent weaker economic data may well allow Mario Draghi to stick with the accommodative stance. Markets to watch: eurozone indices, EUR crosses
1.30pm – US durable goods orders (March): forecast to rise 1% MoM from 3.1%, and 0.4% MoM excluding transportation, from 1.2% a month earlier. Markets to watch: US indices, USD crosses
Friday
12.30am – Japan unemployment rate (March): forecast to rise to 2.6% from 2.5%. Market to watch: JPY crosses
4am – Bank of Japan decision: no change expected here, but hints of a possible hawkish shift could be positive for JPY. Market to watch: JPY crosses
8.55am – German unemployment rate (April): expected to remain at 5.3%, while unemployment drops by 15K from a 19K drop in March. Market to watch: EUR crosses
9.30am – UK GDP growth (Q1, preliminary): growth is expected to be 0.4% QoQ and 1.5% YoY, from 0.4% and 1.4% respectively. Markets to watch: FTSE 100/250, GBP crosses
10am – eurozone business confidence (April): forecast to rise to 1.39 from 1.34. Market to watch: EUR crosses
1.30pm – US GDP growth (Q1, advanced reading): expected to be 2.3% QoQ, from 2.9%. Markets to watch: US indices, USD crosses
3pm – US Michigan confidence reading (April, final): expected to be 98 from 101.4. Markets to watch: US indices, USD crosses
Company announcements
Upcoming dividends (26 April)
FTSE 100: RELX, Glencore, Fresnillo, Legal & General, Rolls-Royce, Antofagasta
FTSE 250: William Hill, Man Group, Weir, National Express, Petrofac, IWG, Spirax-Sarco, TI Fluid Systems, International Public Partnerships
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 dividend adjustments
| Monday 23 April | Tuesday 24 April | Wednesday 25 April | Thursday 26 April | Friday 27 April | Monday 30 April | |
|---|---|---|---|---|---|---|
| FTSE 100 |
|
|
7.8 |
|
|
|
| Australia 200 |
|
0.5 | 0.1 | |||
| Wall Street |
|
|||||
| US 500 | 0.07 | 0.16 | 0.26 | 0.01 | ||
| Nasdaq | 0.10 | 0.60 | ||||
| France 40 | 4.1 | 4.1 | 1.5 | |||
| Netherlands 25 | 0.61 | 0.47 | ||||
| EU Stocks 50 | 1.3 | 5.3 | 2.4 | 2.9 | 2.2 | |
| China H-Shares | 1.3 | |||||
| Singapore Blue Chip | 0.27 | 0.35 | 0.00 | 0.09 | 0.32 | |
| Hong Kong HS50 | 10.8 | 3.8 | ||||
| South Africa 40 | ||||||
| Japan 225 |
|
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CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
