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The Week Ahead

A look ahead to the major events, economic releases and company news expected next week.

  • See a full calendar of key economic reports and company announcements

  • Watch expert commentary and insight from our analysts

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Week commencing 16 July

Chris Beauchamp, market analyst

US earnings season steps up a gear this week, with big names coming through daily, covering a wide variety of sectors. Finance and technology are the main ones to watch for, including Goldman Sachs and Netflix. UK earnings are lighter, although we do have numbers from easyJet, Unilever and a number of retailers.

Key economic events this week include the usual trio of UK datapoints, namely unemployment figures, inflation and retail sales. Consumer price index (CPI) figures from Japan and Canada also appear, while we also get a look at Chinese gross domestic product (GDP) at the beginning of the week. 

Economic reports

Week commencing 16 July

Monday

3am – China GDP (Q2): growth expected to be 6.7% YoY from 6.8% and 1.6% from 1.4% QoQ. Markets to watch: China indices, CNH crosses

1.30pm – US retail sales (June), Empire state mfg index (July): sales expected to rise 0.6% MoM from 0.8% and Empire state index to fall to 22.75 from 25. Markets to watch: US indices, USD crosses

Tuesday

9.30am – UK employment data: May unemployment rate to rise to 4.3% from 4.2%, June claimant count to be 11K from -7.7K, and May average earnings to rise 2.7% from 2.5% (including bonus). Markets to watch: GBP crosses

Wednesday

9.30am – UK CPI (June): YoY inflation to rise 2.5% YoY from 2.4%, and core CPI to be 2.3% from 2.1% YoY. MoM CPI to be 0.4%, in line with May. Markets to watch: GBP crosses

10am – eurozone CPI (June): final YoY figure to be 2% from 1.9%, and 0.1% MoM from 0.5%. Markets to watch: EUR crosses

1.30pm – US housing starts & building permits (June): starts to be down 4% MoM from a 5% rise, and permits to be up 0.7% MoM from a 4.6% fall. Markets to watch: USD crosses

3.30pm – US EIA inventories (w/e 13 July): stockpiles forecast to fall by 1.9 million barrels, from a 12.6 million decrease a week earlier. Markets to watch: Brent, WTI

Thursday

12.50am – Japan trade balance (June): deficit expected to be Y235 billion, from Y578 billion a month earlier. Markets to watch: JPY crosses

2.30am – Australia employment data (June): 18,000 jobs expected to have been created, from 12,000 a month earlier, while the unemployment rate rises to 5.5% from 5.4%. Markets to watch: AUD crosses

9.30am – UK retail sales (June): forecast to rise 2.4% YoY from 3.9% and 0.4% from 1.3% MoM. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 14 July), Philadelphia Fed mfg index (July): claims to rise to 217K from 214K, while the Philadelphia Fed index rises to 21.5 from 19.9. Markets to watch: US indices, USD crosses

Friday

12.30am – Japan inflation (June): CPI expected to be 0.9% YoY from 0.7% and 0.1% MoM, in line with May. Core CPI to be 0.7% YoY. Markets to watch: JPY crosses

1.30pm – Canada CPI (June): forecast to be 2.5% YoY from 2.2%, and 0.3% MoM from 0.1%. Core CPI to be 1.5% from 1.3% YoY. Markets to watch: CAD crosses

Weekly view

Monday

3am – China GDP (Q2): growth expected to be 6.7% YoY from 6.8% and 1.6% from 1.4% QoQ. Markets to watch: China indices, CNH crosses

1.30pm – US retail sales (June), Empire state mfg index (July): sales expected to rise 0.6% MoM from 0.8% and Empire state index to fall to 22.75 from 25. Markets to watch: US indices, USD crosses

Tuesday

9.30am – UK employment data: May unemployment rate to rise to 4.3% from 4.2%, June claimant count to be 11K from -7.7K, and May average earnings to rise 2.7% from 2.5% (including bonus). Markets to watch: GBP crosses

Wednesday

9.30am – UK CPI (June): YoY inflation to rise 2.5% YoY from 2.4%, and core CPI to be 2.3% from 2.1% YoY. MoM CPI to be 0.4%, in line with May. Markets to watch: GBP crosses

10am – eurozone CPI (June): final YoY figure to be 2% from 1.9%, and 0.1% MoM from 0.5%. Markets to watch: EUR crosses

1.30pm – US housing starts & building permits (June): starts to be down 4% MoM from a 5% rise, and permits to be up 0.7% MoM from a 4.6% fall. Markets to watch: USD crosses

3.30pm – US EIA inventories (w/e 13 July): stockpiles forecast to fall by 1.9 million barrels, from a 12.6 million decrease a week earlier. Markets to watch: Brent, WTI

Thursday

12.50am – Japan trade balance (June): deficit expected to be Y235 billion, from Y578 billion a month earlier. Markets to watch: JPY crosses

2.30am – Australia employment data (June): 18,000 jobs expected to have been created, from 12,000 a month earlier, while the unemployment rate rises to 5.5% from 5.4%. Markets to watch: AUD crosses

9.30am – UK retail sales (June): forecast to rise 2.4% YoY from 3.9% and 0.4% from 1.3% MoM. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 14 July), Philadelphia Fed mfg index (July): claims to rise to 217K from 214K, while the Philadelphia Fed index rises to 21.5 from 19.9. Markets to watch: US indices, USD crosses

Friday

12.30am – Japan inflation (June): CPI expected to be 0.9% YoY from 0.7% and 0.1% MoM, in line with May. Core CPI to be 0.7% YoY. Markets to watch: JPY crosses

1.30pm – Canada CPI (June): forecast to be 2.5% YoY from 2.2%, and 0.3% MoM from 0.1%. Core CPI to be 1.5% from 1.3% YoY. Markets to watch: CAD crosses

Company announcements

Upcoming dividends (19 July)

FTSE 100: None

FTSE 250: Cranswick, Vedanta, Bank of Georgia

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 16 July Tuesday 17 July Wednesday 18 July Thursday 19 July Friday 20 July Monday 23 July
FTSE 100

 

 

 

     
Australia 200

 

         
Wall Street

 

  10.7      
US 500 0.04   0.29 0.12   0.14
Nasdaq           0.10
France 40            
Netherlands 25            
EU Stocks 50         1.5  
China H-Shares           4.6
Singapore Blue Chip           0.05
Hong Kong HS50            
South Africa 40   8        
Japan 225          

 

 

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.  Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. 

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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.