All trading involves risk. Losses can exceed deposits.
Over 40 years’ heritage
Over 185,000 clients worldwide
Over 15,000 markets

The week ahead

Get next week's market-moving events sent to your inbox for FREE.

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

  • Watch expert commentary and insight from our analysts

  • Discover upcoming trading opportunities and markets to watch

Form has failed to submit. Please contact IG directly.

Sign up now

All trading involves risk. Losses can exceed deposits.

Week commencing 21 August

Chris Beauchamp, market analyst

Flash purchasing managers index (PMIs) from the eurozone and the US are the big events to look out for, along with durable goods orders on Friday.

Corporate news is dominated by full-year earnings from BHP Billiton, plus half-year figures from advertiser WPP and housebuilder Persimmon. 

Economic reports

Week commencing 21 August

Monday

1.30pm – US Chicago Fed national activity index (July): expected to remain unchanged at 0.1. Markets to watch: US indices, USD crosses

Tuesday

10am – German ZEW index (August): economic sentiment index forecast to fall to 17.1 from 17.5. Markets to watch: eurozone indices, EUR crosses

Wednesday

1.30am – Japan Nikkei mfg PMI (August, flash): expected to fall to 52 from 52.1. Markets to watch: Nikkei, JPY crosses

8am – 9am – French, German, eurozone mfg & services PMI (August, flash): these are expected to ease off this month. Markets to watch: eurozone indices, EUR crosses

2.45pm – US mfg & services PMI (August, flash): mfg expected to remain at 53.3 while services falls to 52.8 from 54.7. Markets to watch: US indices, USD crosses

3pm – eurozone consumer confidence (August, flash): forecast to rise to -1.4 from -1.7. Market to watch: EUR crosses

3pm – US new home sales (July): previous reading 0.8% increase MoM. Market to watch: USD crosses

3.30pm – US EIA crude inventories (w/e/ 18 August): expected to see stockpiles fall by 760,000 barrels, from 8.9 million a week earlier. Markets to watch: Brent, WTI

Thursday

9.30am – UK GDP (Q2, 2nd estimate): no change to previous estimate of 0.3% growth QoQ. Markets to watch: FTSE 100/250, GBP crosses

1.30pm – US initial jobless claims (w/e 19 August): expected to rise to 236K from 232K, which would be the 129th week that the number has been below 300K. Markets to watch: US indices, USD crosses

3pm – US existing home sales (July): expected to fall to an annual rate of 5.4 million. Market to watch: USD crosses

Friday

12.30am – Japan CPI (July): price growth expected to be 0.4% YoY and 0% MoM, in line with June. Markets to watch: Nikkei, JPY crosses

7am – German GfK consumer confidence (September): forecast to rise to 10.9 from 10.8. Markets to watch: eurozone indices, EUR crosses

9am – German IFO (August): business climate index forecast to rise to 116.6 from 116. Markets to watch: eurozone indices, EUR crosses

1.30pm – US durable goods orders (July): expected to fall by 2% MoM overall, and rise 0.1% excluding transportation orders. Markets to watch: US indices, USD crosses

Weekly view

Monday

1.30pm – US Chicago Fed national activity index (July): expected to remain unchanged at 0.1. Markets to watch: US indices, USD crosses

Tuesday

10am – German ZEW index (August): economic sentiment index forecast to fall to 17.1 from 17.5. Markets to watch: eurozone indices, EUR crosses

Wednesday

1.30am – Japan Nikkei mfg PMI (August, flash): expected to fall to 52 from 52.1. Markets to watch: Nikkei, JPY crosses

8am – 9am – French, German, eurozone mfg & services PMI (August, flash): these are expected to ease off this month. Markets to watch: eurozone indices, EUR crosses

2.45pm – US mfg & services PMI (August, flash): mfg expected to remain at 53.3 while services falls to 52.8 from 54.7. Markets to watch: US indices, USD crosses

3pm – eurozone consumer confidence (August, flash): forecast to rise to -1.4 from -1.7. Market to watch: EUR crosses

3pm – US new home sales (July): previous reading 0.8% increase MoM. Market to watch: USD crosses

3.30pm – US EIA crude inventories (w/e/ 18 August): expected to see stockpiles fall by 760,000 barrels, from 8.9 million a week earlier. Markets to watch: Brent, WTI

Thursday

9.30am – UK GDP (Q2, 2nd estimate): no change to previous estimate of 0.3% growth QoQ. Markets to watch: FTSE 100/250, GBP crosses

1.30pm – US initial jobless claims (w/e 19 August): expected to rise to 236K from 232K, which would be the 129th week that the number has been below 300K. Markets to watch: US indices, USD crosses

3pm – US existing home sales (July): expected to fall to an annual rate of 5.4 million. Market to watch: USD crosses

Friday

12.30am – Japan CPI (July): price growth expected to be 0.4% YoY and 0% MoM, in line with June. Markets to watch: Nikkei, JPY crosses

7am – German GfK consumer confidence (September): forecast to rise to 10.9 from 10.8. Markets to watch: eurozone indices, EUR crosses

9am – German IFO (August): business climate index forecast to rise to 116.6 from 116. Markets to watch: eurozone indices, EUR crosses

1.30pm – US durable goods orders (July): expected to fall by 2% MoM overall, and rise 0.1% excluding transportation orders. Markets to watch: US indices, USD crosses

 

Company announcements

  Monday 21 Tuesday 22 Wednesday 23 Thursday 24 Friday 25
Full-year earnings

 

BHP Billiton    

 

Half/Quarterly earnings

 

 

Antofagasta,

Cairn Energy,

John Wood Group,

Persimmon

WPP,

Vedanta

Premier Oil,

SeaDrill,

OneSavings Bank,

John Laing

Computacenter

Trading update  

 

 

 

 

 

Upcoming dividends

FTSE ex-dividend dates (24 August)

FTSE 100: Carnival, LSE Group, Mondi, Paddy Power Betfair, Prudential

FTSE 250: Dixons Carphone, HICL Infrastructure, Jardine Lloyd Thompson, Fidessa, FDM Group, Rotork, Polypipe, Cineworld

This information has been prepared by IG, a trading name of IG Markets 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. See full non-independent research disclaimer and quarterly summary.

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

Contact us

We're here 24hrs a day from 8am Sunday to 10pm Friday,
and 9am to 5pm Saturday.

0800 195 3100

You can also email us at newaccounts.uk@ig.com