The Week Ahead
Week commencing 18 May
Chris Beauchamp's insight
Nvidia, the largest company in the world, reports this week, marking the last big event of Q1 earnings season in the US. After a blistering rally in tech stocks from the beginning of April, the company’s update may well prove vital for a continuation of the rally. Also reporting this week are easyJet, which will be worth watching for its comments on the outlook for airline travel and fuel stockpiles, plus British retail icon Marks & Spencer.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
3am – China retail sales, industrial production (April): sales expected to rise 2.2% YoY and industrial production to grow 5.5%. Markets to watch: CNH crosses
12.50am – Japan GDP (Q1, preliminary): growth expected to rise to 0.4% QoQ from 0.3%, and 1.5% YoY from 1.3%. Markets to watch: Nikkei 225, JPY crosses
7am – UK employment data (March): unemployment rate expected to rise to 5.3% from 4.9%, while earnings rise 3.8%, in line with last month. Markets to watch: GBP crosses
1.30pm – Canada CPI (April): prices expected to have risen 3% YoY from 2.4%, while core CPI rises to 2.7% from 2.5%. Markets to watch: CAD crosses
3pm – US pending home sales (April): forecast to rise 0.8% MoM. Markets to watch: USD crosses
9.30pm – US API crude oil inventories (w/e 15 May): stockpiles fell by 2.2 million barrels in the preceding week. Markets to watch: Brent, WTI
7am – UK inflation (April): prices rose 3.3% YoY in March and 0.7% MoM. Core PCI was 3.1% YoY. Markets to watch: GBP crosses
3.30pm – US EIA crude oil inventories (w/e 15 May): stockpiles fell by 4.1 million barrels in the preceding week. Markets to watch: Brent, WTI
1.30am – Japan PMI (May, flash): services activity was 51 and manufacturing was 55.1 in April. Markets to watch: JPY crosses
8.30am – German PMI (May, flash): manufacturing activity expected to rise to 51.6 from 51.4. Markets to watch: EUR crosses
9.30am – UK PMI (May, flash): manufacturing activity forecast to fall to 51.2 from 53.7, while services weakens to 51.7 from 52.7. Markets to watch: GBP crosses
1.30pm - US initial jobless claims (w/e 16 May): claims expected to fall to 210K from 211K. Markets to watch: USD crosses
2.45pm – US PMI (May, flash): manufacturing activity expected to slow, falling to 53 from 54.5 and services to edge slightly higher, to 51.1 from 51. Markets to watch: USD crosses
3pm – eurozone consumer confidence (May): expected to fall to -23 from -20.6. Markets to watch: EUR crosses
12.30am – Japan inflation (April): prices rose 1.5% YoY in March. Markets to watch: JPY crosses
7am – UK retail sales (April): sales rose 0.7% MoM and 1.7% YoY in March. Markets to watch: GBP crosses
9am – German IFO index (May): business climate index to fall to 82 from 88.4. Markets to watch: EUR crosses
Monday
3am – China retail sales, industrial production (April): sales expected to rise 2.2% YoY and industrial production to grow 5.5%. Markets to watch: CNH crosses
Tuesday
12.50am – Japan GDP (Q1, preliminary): growth expected to rise to 0.4% QoQ from 0.3%, and 1.5% YoY from 1.3%. Markets to watch: Nikkei 225, JPY crosses
7am – UK employment data (March): unemployment rate expected to rise to 5.3% from 4.9%, while earnings rise 3.8%, in line with last month. Markets to watch: GBP crosses
1.30pm – Canada CPI (April): prices expected to have risen 3% YoY from 2.4%, while core CPI rises to 2.7% from 2.5%. Markets to watch: CAD crosses
3pm – US pending home sales (April): forecast to rise 0.8% MoM. Markets to watch: USD crosses
9.30pm – US API crude oil inventories (w/e 15 May): stockpiles fell by 2.2 million barrels in the preceding week. Markets to watch: Brent, WTI
Wednesday
7am – UK inflation (April): prices rose 3.3% YoY in March and 0.7% MoM. Core PCI was 3.1% YoY. Markets to watch: GBP crosses
3.30pm – US EIA crude oil inventories (w/e 15 May): stockpiles fell by 4.1 million barrels in the preceding week. Markets to watch: Brent, WTI
Thursday
1.30am – Japan PMI (May, flash): services activity was 51 and manufacturing was 55.1 in April. Markets to watch: JPY crosses
8.30am – German PMI (May, flash): manufacturing activity expected to rise to 51.6 from 51.4. Markets to watch: EUR crosses
9.30am – UK PMI (May, flash): manufacturing activity forecast to fall to 51.2 from 53.7, while services weakens to 51.7 from 52.7. Markets to watch: GBP crosses
1.30pm - US initial jobless claims (w/e 16 May): claims expected to fall to 210K from 211K. Markets to watch: USD crosses
2.45pm – US PMI (May, flash): manufacturing activity expected to slow, falling to 53 from 54.5 and services to edge slightly higher, to 51.1 from 51. Markets to watch: USD crosses
3pm – eurozone consumer confidence (May): expected to fall to -23 from -20.6. Markets to watch: EUR crosses
Friday
12.30am – Japan inflation (April): prices rose 1.5% YoY in March. Markets to watch: JPY crosses
7am – UK retail sales (April): sales rose 0.7% MoM and 1.7% YoY in March. Markets to watch: GBP crosses
9am – German IFO index (May): business climate index to fall to 82 from 88.4. Markets to watch: EUR crosses
Company announcements
Dividends
FTSE ex-dividend dates (18th May):
FTSE 100: Bunzl, Whitbread, Shell, Tritax Big Box, Imperial Brands
FTSE 250: TBC Bank, Bellway, Spire Healthcare, Renewables Infrastructure, Grainger
Index adjustments
|
Monday 30 March |
Tuesday 31 March |
Wednesday 1 April |
Thursday 2 April |
Friday 3 April |
Monday 6 April |
| FTSE 100 | 0.71 | |||||
| Australia 200 | 0.2 | 0.4 | ||||
| Wall Street | 8.4 | 9.2 | ||||
| US 500 | 0.60 | 0.28 | 0.48 | 0.50 | 0.06 | |
| Nasdaq 100 | 0.99 | 1.59 | 2.25 | 0.13 | ||
| Netherlands 25 | ||||||
| US Russell 2000 | 1.07 | 0.12 | 0.13 | 0.04 | 0.07 | |
| China H-Shares | 2.3 | |||||
| Japan 225 | ||||||
| Hong Kong HS50 | 3.9 | |||||
| South Africa 40 | 201 | |||||
| France 40 | 7.8 | |||||
| Stoxx 600 | 2.6 | 4.9 |
* 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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