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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

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Week commencing 22 January

Chris Beauchamp, market analyst

Earnings season grinds on, with a variety of US and UK companies issuing updates.

Key ones to watch this week include Netflix, Intel and Caterpillar in the US, and easyJet, Sky and Diageo in the UK. Events-wise, UK employment data, and central bank meetings in Japan and the eurozone are the main ones to watch for this week. 

Economic reports

Week commencing 22 January

Monday

1.30pm – US Chicago Fed nat’l activity index (December): expected to rise to 0.44 from 0.15. Markets to watch: US indices, USD crosses

Tuesday

3am – BoJ rate decision: no change in policy expected, but the discussion could be interesting, given the shifting sands in central banking. Market to watch: JPY crosses

10am – German ZEW (January): economic sentiment expected to rise to 18 from 17.4. Market to watch: EUR crosses

3pm – eurozone consumer confidence (January, flash): forecast to rise to 0.7 from 0.5. Market to watch: EUR crosses

11.50pm – Japan trade balance (December): surplus expected to rise to Y443 billion from Y113 billion. Market to watch: JPY crosses

Wednesday

8am – 9am – French, German, eurozone services & mfg PMIs (January, flash): these will be key for euro and eurozone stock market direction, especially ahead of this week’s European Central Bank (ECB) meeting. Markets to watch: eurozone indices, EUR crosses

9.30am – UK employment data: December claimant count forecast to rise by 3200 from 5900 a month earlier, while the unemployment rate for November falls to 4.2% from 4.3%. In addition, November average earnings expected to rise 2.5%, in line with October. Market to watch: GBP crosses

2.45pm – US mfg & services PMI (January, flash): manufacturing reading expected to rise to 55.8 from 55.1, while services falls to 53 from 53.7. Markets to watch: US indices, USD crosses

3pm – US existing home sales (December): forecast to rise by 5.69 million. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude inventories (w/e 19 January): stockpiles forecast to fall by 760,000 barrels. Markets to watch: Brent, WTI

Thursday

9am – German IFO (January): business climate index forecast to rise to 117.5 from 117.2. Market to watch: EUR crosses

12.45pm – ECB decision (1.30pm press conference): while no change in policy is expected, recent comments about the direction of policy this year, plus the minutes of the December meeting, will mean that the press conference will be interesting to watch. Markets to watch: eurozone indices, EUR crosses

3pm – US new home sales (December): expected to rise by 0.3% after a 17.5% jump in November. Markets to watch: US indices, USD crosses

11.50pm – Japan inflation (December): CPI expected to fall to 0.3% YoY from 0.6%. Market to watch: JPY crosses

Friday

9.30am – UK GDP (Q4, preliminary): this first estimate of GDP is forecast to see growth rise to 1.8% from 1.7% YoY, and to 0.5% from 0.4% QoQ. Market to watch: GBP crosses

1.30pm – Canada CPI (December): inflation forecast to stay at 2.1% YoY, and fall to 0.2% MoM from 0.3%. Market to watch: CAD crosses

1.30pm – US GDP (Q4, preliminary), durable goods orders (December): GDP growth forecast to be 3% QoQ, from 3.2%. Durable goods orders expected to rise 0.8% MoM from 1.3%, and 0.2% from a 0.1% drop excluding transportation orders. Markets to watch: US indices, USD crosses

Weekly view

Monday

1.30pm – US Chicago Fed nat’l activity index (December): expected to rise to 0.44 from 0.15. Markets to watch: US indices, USD crosses

Tuesday

3am – BoJ rate decision: no change in policy expected, but the discussion could be interesting, given the shifting sands in central banking. Market to watch: JPY crosses

10am – German ZEW (January): economic sentiment expected to rise to 18 from 17.4. Market to watch: EUR crosses

3pm – eurozone consumer confidence (January, flash): forecast to rise to 0.7 from 0.5. Market to watch: EUR crosses

11.50pm – Japan trade balance (December): surplus expected to rise to Y443 billion from Y113 billion. Market to watch: JPY crosses

Wednesday

8am – 9am – French, German, eurozone services & mfg PMIs (January, flash): these will be key for euro and eurozone stock market direction, especially ahead of this week’s European Central Bank (ECB) meeting. Markets to watch: eurozone indices, EUR crosses

9.30am – UK employment data: December claimant count forecast to rise by 3200 from 5900 a month earlier, while the unemployment rate for November falls to 4.2% from 4.3%. In addition, November average earnings expected to rise 2.5%, in line with October. Market to watch: GBP crosses

2.45pm – US mfg & services PMI (January, flash): manufacturing reading expected to rise to 55.8 from 55.1, while services falls to 53 from 53.7. Markets to watch: US indices, USD crosses

3pm – US existing home sales (December): forecast to rise by 5.69 million. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude inventories (w/e 19 January): stockpiles forecast to fall by 760,000 barrels. Markets to watch: Brent, WTI

Thursday

9am – German IFO (January): business climate index forecast to rise to 117.5 from 117.2. Market to watch: EUR crosses

12.45pm – ECB decision (1.30pm press conference): while no change in policy is expected, recent comments about the direction of policy this year, plus the minutes of the December meeting, will mean that the press conference will be interesting to watch. Markets to watch: eurozone indices, EUR crosses

3pm – US new home sales (December): expected to rise by 0.3% after a 17.5% jump in November. Markets to watch: US indices, USD crosses

11.50pm – Japan inflation (December): CPI expected to fall to 0.3% YoY from 0.6%. Market to watch: JPY crosses

Friday

9.30am – UK GDP (Q4, preliminary): this first estimate of GDP is forecast to see growth rise to 1.8% from 1.7% YoY, and to 0.5% from 0.4% QoQ. Market to watch: GBP crosses

1.30pm – Canada CPI (December): inflation forecast to stay at 2.1% YoY, and fall to 0.2% MoM from 0.3%. Market to watch: CAD crosses

1.30pm – US GDP (Q4, preliminary), durable goods orders (December): GDP growth forecast to be 3% QoQ, from 3.2%. Durable goods orders expected to rise 0.8% MoM from 1.3%, and 0.2% from a 0.1% drop excluding transportation orders. Markets to watch: US indices, USD crosses

Company announcements

Upcoming dividens (25 January)

FTSE 100: None

FTSE 250: Fenner, Pennon, Stagecoach

Index dividend adjustments

  Monday 22 January Tuesday 23 January Wednesday 24 January Thursday 25 January Friday 26 January Monday 29 January
FTSE 100

 

 

 

 

 

 
Australia 200

 

  0.1      
Wall Street

 

         
US 500 0.12   0.01 00.5 0.17 0.18
Nasdaq           0.63
France 40            
Netherlands 25            
EU Stocks 50           1.4
China H-Shares            
Singapore Blue Chip     0.06     0.10
Hong Kong HS50            
South Africa 40            
Italy 40            
Japan 225         1.7  

 

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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.