The Week Ahead
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Week commencing 17 June
Chris Beauchamp’s insight
The Federal Reserve (Fed) decision is the key event of the week, and while the central bank is unlikely to cut rates, it may issue some dovish guidance.
Other key events include eurozone and UK CPI, the Bank of England (BoE) rate decision, and flash PMIs on Friday. Corporate data is relatively absent, but we do have full-year figures from Ashtead, Dixons Carphone and Berkeley Group.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
1.30pm – US Empire State mfg index (June): expected to fall to 12.8 from 17.8. Markets to watch: US indices, USD crosses
2.30am – RBA minutes: these will explain the decision to cut rates at the last meeting. Markets to watch: AUD crosses
10am – eurozone CPI (May): MoM inflation to be 0.3% from 0.7%. Markets to watch: EUR crosses
10am – German ZEW index (June): economic sentiment index to rise to 1 from -2.1. Markets to watch: EUR crosses
1.30pm – US housing starts & building permits (May): permits to rise 1.5% MoM, and starts to fall 2.4% MoM. Markets to watch: USD crosses
2.30am – China CPI (May): prices to rise 2.7% YoY and remain unchanged MoM. Markets to watch: CNH crosses
1.30pm – US CPI (May): CPI to rise 1.9% YoY and 0.1% MoM, and core CPI to rise 2.1% YoY and 0.2% MoM. Markets to watch: US indices, USD crosses
3.30pm – US EIA crude inventories (w/e 7 June): previous reading saw a rise of 6.7 million barrels. Markets to watch: Brent, WTI
9.30am – UK retail sales: expected to rise 4.6% YoY. Markets to watch: GBP crosses
12pm – BoE rate decision: no change in rates expected. Markets to watch: GBP crosses
1.30pm – US Philadelphia Fed index (June), initial jobless claims (w/e ): Philadelphia index to fall to 12 from 16.6, previous week’s reading on claims was 222K. Markets to watch: USD crosses
3pm – eurozone consumer confidence (June, flash): expected to fall to -7.6 from -6.5. Markets to watch: EUR crosses
12.30am – Japan CPI (May): prices to rise 1% YoY. Markets to watch: JPY crosses
8.30am – German mfg & services PMI (June, flash): mfg to rise to 45.1 and services to rise to 55.9. Markets to watch: EUR crosses
9am – eurozone mfg & services PMI (June, flash): mfg to rise to 49.8 and services to rise to 53.2. Markets to watch: EUR crosses
2.45pm – US mfg & services PMI (June, flash): mfg index to rise to 51 from 50.5, while services rises to 51.5 from 50.9. Markets to watch: US indices, USD crosses
3pm – US existing home sales (May): sales expected to rise 2.7% MoM. Markets to watch: US indices, USD crosses
Monday
1.30pm – US Empire State mfg index (June): expected to fall to 12.8 from 17.8. Markets to watch: US indices, USD crosses
Tuesday
2.30am – RBA minutes: these will explain the decision to cut rates at the last meeting. Markets to watch: AUD crosses
10am – eurozone CPI (May): MoM inflation to be 0.3% from 0.7%. Markets to watch: EUR crosses
10am – German ZEW index (June): economic sentiment index to rise to 1 from -2.1. Markets to watch: EUR crosses
1.30pm – US housing starts & building permits (May): permits to rise 1.5% MoM, and starts to fall 2.4% MoM. Markets to watch: USD crosses
Wednesday
12.50am – Japan trade balance (May): exports expected to fall 1.8% year-on-year. Markets to watch: JPY crosses
9.30am – UK CPI (May): CPI to rise 2.25 YoY and 0.7% MoM, while core CPI rises 1.9% YoY and 0.3% MoM. Markets to watch: GBP crosses
1.30pm – Canada CPI (May): CPI to rise 2% YoY. Markets to watch: CAD crosses
3.30pm – US EIA crude inventories (w/e 14 June): stockpiles to rise by 4.5 million barrels. Markets to watch: Brent, WTI
7pm – FOMC decision: despite expectations driven by the change in Fed Funds Futures, the committee is unlikely to cut rates. But a more dovish tone is likely, but with this very much baked into the price, there may not be much downside in the US dollar. Markets to watch: US indices, USD crosses
Thursday
9.30am – UK retail sales: expected to rise 4.6% YoY. Markets to watch: GBP crosses
12pm – BoE rate decision: no change in rates expected. Markets to watch: GBP crosses
1.30pm – US Philadelphia Fed index (June), initial jobless claims (w/e ): Philadelphia index to fall to 12 from 16.6, previous week’s reading on claims was 222K. Markets to watch: USD crosses
3pm – eurozone consumer confidence (June, flash): expected to fall to -7.6 from -6.5. Markets to watch: EUR crosses
Friday
12.30am – Japan CPI (May): prices to rise 1% YoY. Markets to watch: JPY crosses
8.30am – German mfg & services PMI (June, flash): mfg to rise to 45.1 and services to rise to 55.9. Markets to watch: EUR crosses
9am – eurozone mfg & services PMI (June, flash): mfg to rise to 49.8 and services to rise to 53.2. Markets to watch: EUR crosses
2.45pm – US mfg & services PMI (June, flash): mfg index to rise to 51 from 50.5, while services rises to 51.5 from 50.9. Markets to watch: US indices, USD crosses
3pm – US existing home sales (May): sales expected to rise 2.7% MoM. Markets to watch: US indices, USD crosses
Company announcements
Monday 17 June |
Tuesday 18 June |
Wednesday 19 June |
Thursday 20 June |
Friday 21 June |
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| Full-year earnings |
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| Half/Quarterly earnings |
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| Trading update |
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Dividends
Upcoming
FTSE 100: Land Securities, Compass, United Utilities
FTSE 250: Big Yellow, Tate & Lyle, Stobart
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 17 June | Tuesday 18 June | Wednesday 19 June | Thursday 20 June | Friday 21 June | Monday 24 June | |
| FTSE 100 | 1.90 | |||||
| Australia 200 | 0.2 | |||||
| Wall Street | ||||||
| US 500 | 0.09 | 0.01 | 0.27 | 0.22 | ||
| Nasdaq | 0.97 | |||||
| France 40 | 3.1 | 1.2 | 2.0 | |||
| Netherlands 25 | ||||||
| EU Stocks 50 | 1.3 | |||||
| China H-Shares | 6.7 | 3.3 | 4.6 | 1.7 | 57.4 | |
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | 15.0 | 8.9 | 6.5 | 71.8 | ||
| South Africa 40 | 29.7 | |||||
| Japan 225 |
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Fast execution on a huge range of markets
Enjoy flexible access to more than 16,000 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 45 years of experience, we’re proud to offer a truly market-leading service
