The Week Ahead
Week commencing 13 October
Chris Beauchamp insight
US earnings season gets underway in earnest this week as banks report third quarter (Q3) figures. Railroad group CSX and United Airlines will also publish their latest earnings, providing a focus as US stock markets hit new record highs. UK corporate data is also plentiful, including housebuilder Bellway, mining firm Rio Tinto and hotel operator Whitbread.
The important US inflation reading will still be released this week despite the government shutdown, but the weekly jobless claims figure is likely to be delayed.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
4am – China trade data (September): exports expected to rise 5.2% year-on-year (YoY). Markets to watch: CNH crosses
7am – UK unemployment rate (August): rate expected to hold at 4.7%. Average earnings expected to have risen 4.4% for the three months to August, down from 4.7% a month earlier. Markets to watch: GBP crosses
10am – German ZEW index (October): index expected to fall to 30 from 37.3. Markets to watch: EUR crosses
2.30am – China consumer price index (CPI) (September): prices expected to have fallen 0.2% YoY and risen 0.1% MoM. Markets to watch: CNH crosses
1.30pm – US CPI (September): headline CPI forecast to rise 0.4% MoM and 3% YoY, from 0.4% and 2.9% last month. Core CPI expected to be 0.3% MoM and 3% YoY, from 0.3% and 3.1%. Markets to watch: US indices, USD crosses
1.30am – Australia employment data (September): expected to rise to 4.3% from 4.2%. Markets to watch: AUD crosses
7am – UK gross domestic product (GDP) (August): growth expected to rise to 0.1% from 0%, and hold at 0.2% for the three months to August. Markets to watch: GBP crosses
1.30pm – US retail sales, producer price index (PPI) (September), initial jobless claims (w/e 11 October): retail sales expected to rise 0.2% and PPI to rise to 0.5% from -0.1% MoM. Claims may not be released due to the government shutdown. Markets to watch: US indices, USD crosses
5pm – US EIA crude oil inventories (w/e 10 October): stockpiles rose by 3.72 million barrels in the preceding week. Markets to watch: Brent, WTI
None
Monday
4am – China trade data (September): exports expected to rise 5.2% YoY. Markets to watch: CNH crosses
Tuesday
7am – UK unemployment rate (August): rate expected to hold at 4.7%. Average earnings expected to have risen 4.4% for the three months to August, down from 4.7% a month earlier. Markets to watch: GBP crosses
10am – German ZEW index (October): index expected to fall to 30 from 37.3. Markets to watch: EUR crosses
Wednesday
2.30am – China CPI (September): prices expected to have fallen 0.2% YoY and risen 0.1% month-on-month (MoM). Markets to watch: CNH crosses
1.30pm – US CPI (September): headline CPI forecast to rise 0.4% MoM and 3% YoY, from 0.4% and 2.9% last month. Core CPI expected to be 0.3% MoM and 3% YoY, from 0.3% and 3.1%. Markets to watch: US indices, USD crosses
Thursday
1.30am – Australia employment data (September): expected to rise to 4.3% from 4.2%. Markets to watch: AUD crosses
7am – UK GDP (August): growth expected to rise to 0.1% from 0%, and hold at 0.2% for the three months to August. Markets to watch: GBP crosses
1.30pm – US retail sales, PPI (September), initial jobless claims (w/e 11 October): retail sales expected to rise 0.2% and PPI to rise to 0.5% from -0.1% MoM. Claims may not be released due to the government shutdown. Markets to watch: US indices, USD crosses
5pm – US EIA crude oil inventories (w/e 10 October): stockpiles rose by 3.72 million barrels in the preceding week. Markets to watch: Brent, WTI
Friday
None
Company announcements
Dividends
FTSE ex-dividend dates (10 October):
FTSE 100: Howden Joinery, Diageo, Spirax, Persimmon, Games Workshop, Smiths
FTSE 250: Coats, ITV, Senior, Hays, Anglo-Eastern Plantations
Index adjustments
|
Monday 13 October |
Tuesday 14 October |
Wednesday 15 October |
Thursday 16 October |
Friday 17 October |
Monday 20 October |
| FTSE 100 | 5.40 | |||||
| Australia 200 | 0.1 | |||||
| Wall Street | 9.3 | |||||
| US 500 | 0.10 | 0.51 | 0.01 | 0.13 | 0.09 | 0.02 |
| Nasdaq 100 | ||||||
| Netherlands 25 | ||||||
| US Russell 2000 | 0.01 | 0.10 | 0.30 | 0.09 | 0.01 | 0.03 |
| China H-Shares | 0.9 | 0.6 | ||||
| Japan 225 | ||||||
| Hong Kong HS50 | 1.8 | 1.1 | 1.5 | |||
| South Africa 40 | 68.3 | |||||
| France 40 | 2.5 | |||||
| Stoxx 600 | 0.8 |
* 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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