The Week Ahead
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A calendar of next week's biggest market-moving events, including key economic reports and company announcements
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A heads up on potential price movements and markets to watch
Week commencing 13 July
Chris Beauchamp insight
While the week begins on a quiet note, it rapidly turns into a busy period for investors, thanks to US earnings season, which gets firmly underway this week, after an initial scattering of results last week including Delta Airlines.
Banks, those vital bellwethers of the US economy, dominate the week, providing an overview into corporate and retail activity, while tech is represented by Netflix, a stock that hit a record high two weeks ago. There are plenty of others reporting, and in the UK Frasers, Ocado, Burberry and easyJet issue reports.
But economic data is plentiful too, most importantly the US consumer price index (CPI) data for June. Will tariff-driven price increases start to show up, discomfiting stock markets at record highs and boosting the US dollar. UK and Japan inflation will also provide a clue as to the global impact of tariffs.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
None
3am – China gross domestic product (GDP) second quarter (Q2): Year-on-year (YoY) rate expected to fall to 4.1% from 5.4%. Markets to watch: China indices, CNH crosses
10am – German ZEW index (July): index forecast to fall to 45.1 from 47.5. Markets to watch: EUR crosses
1.30pm – US consumer price index (CPI) (June): prices expected to rise 0.2% month-on-month (MoM) and 2.5% YoY, from 0.1% and 2.4%. Core CPI forecast to rise 0.2% MoM from 0.1%, and 2.9% YoY from 2.8%. Markets to watch: US indices, USD crosses
1.30pm – Canada CPI (June): prices forecast to rise 1.5% YoY from 1.7%, and fall 0.3% MoM from 0.6%. Core prices expected to rise 2.6% YoY from 2.5%. Markets to watch: CAD crosses
7am – UK CPI (June): prices are expected to rise 3.7% YoY and 0.4% MoM, from 3.4% and 0.2% respectively. Meanwhile core inflation expected to rise 3.6% YoY, compared to 3.5% in May. Markets to watch: GBP crosses
1.30pm – US PPI (June): factory-gate inflation forecast to be 0.3% MoM from 0.1%. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 11 July): stockpiles rose by 7 million barrels in the preceding week. Markets to watch: Brent, WTI
7am – UK employment figures: May unemployment rate forecast to rise to 4.7%, average hourly earnings (inc. bonus) expected to rise 5.2%. Markets to watch: GBP crosses
1.30pm – US retail sales (June), initial jobless claims (w/e 12 July): sales expected to rise 0.2% MoM from -0.9%, claims expected to rise to 230K from 227K. Markets to watch: US indices, USD crosses
12.30am – Japan CPI (June): prices expected to rise 3.7% YoY from 3.5%, and core CPI to rise 2.7% from 3.7%. Markets to watch: JPY crosses
3pm – US Michigan consumer sentiment (July, preliminary): index expected to fall to 60.5 from 60.7. Markets to watch: USD crosses
Monday
None
Tuesday
3am – China GDP (Q2): YoY rate expected to fall to 4.1% from 5.4%. Markets to watch: China indices, CNH crosses
10am – German ZEW index (July): index forecast to fall to 45.1 from 47.5. Markets to watch: EUR crosses
1.30pm – US CPI (June): prices expected to rise 0.2% MoM and 2.5% YoY, from 0.1% and 2.4%. Core CPI forecast to rise 0.2% MoM from 0.1%, and 2.9% YoY from 2.8%. Markets to watch: US indices, USD crosses
1.30pm – Canada CPI (June): prices forecast to rise 1.5% YoY from 1.7%, and fall 0.3% MoM from 0.6%. Core prices expected to rise 2.6% YoY from 2.5%. Markets to watch: CAD crosses
Wednesday
7am – UK CPI (June): prices are expected to rise 3.7% YoY and 0.4% MoM, from 3.4% and 0.2% respectively. Meanwhile core inflation expected to rise 3.6% YoY, compared to 3.5% in May. Markets to watch: GBP crosses
1.30pm – US PPI (June): factory-gate inflation forecast to be 0.3% MoM from 0.1%. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 11 July): stockpiles rose by 7 million barrels in the preceding week. Markets to watch: Brent, WTI
Thursday
7am – UK employment figures: May unemployment rate forecast to rise to 4.7%, average hourly earnings (inc. bonus) expected to rise 5.2%. Markets to watch: GBP crosses
1.30pm – US retail sales (June), initial jobless claims (w/e 12 July): sales expected to rise 0.2% MoM from -0.9%, claims expected to rise to 230K from 227K. Markets to watch: US indices, USD crosses
Friday
12.30am – Japan CPI (June): prices expected to rise 3.7% YoY from 3.5%, and core CPI to rise 2.7% from 3.7%. Markets to watch: JPY crosses
3pm – US Michigan consumer sentiment (July, preliminary): index expected to fall to 60.5 from 60.7. Markets to watch: USD crosses
Company announcements
Dividends
Index adjustments
|
Monday 14 July |
Tuesday 15 July |
Wednesday 16 July |
Thursday 17 July |
Friday 18 July |
Monday 21 July |
| FTSE 100 | ||||||
| Australia 200 | 0.3 | 0.0 | ||||
| Wall Street | 6.5 | 9.3 | ||||
| US 500 | 0.59 | 0.06 | 0.39 | 0.15 | 0.13 | |
| Nasdaq 100 | 0.52 | |||||
| Netherlands 25 | ||||||
| US Russell 2000 | 0.09 | 0.03 | 0.04 | 0.08 | 0.02 | 0.01 |
| China H-Shares | ||||||
| Singapore Blue Chip | ||||||
| Hong Kong HS50 | ||||||
| South Africa 40 | ||||||
| France 40 | ||||||
| Stoxx 600 | 2.8 |
* Please note these can change without notice
1 Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day
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