The Week Ahead
Week commencing 28 April
Chris Beauchamp insight
Economic and corporate data come thick and fast this week. United States (US) job numbers from the ADP and non-farm payrolls (NFP) reports stand out, but US consumer confidence and Chinese purchasing managers' index (PMI) will be worth watching too. The Bank of Japan (BoJ) is expected to leave interest rates unchanged and may well comment on the current situation given widespread anxiety about tariffs. Meanwhile there are plenty of US and United Kingdom (UK) earnings to digest, including UK bank earnings and the two UK pharma giants, plus Amazon, Apple, Meta and Microsoft. And of course, there may be yet more headlines from the White House about tariffs for investors to contend with.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
3.30pm – Dallas Fed mfg index (April): forecast to rise to -15 from -16.3 but will be closely watched for any signs of US economic weakness. Markets to watch: USD crosses
7am – German GfK consumer confidence (May): index expected to rise to -24 from -24.5. Markets to watch: EUR crosses
3pm – US CB consumer confidence (April): index expected to fall to 92.5 from 92.9. Markets to watch: USD crosses
2.30am – Australia inflation: quarter-on-quarter (QoQ) rate to rise to 0.7% from 0.2%. Markets to watch: AUD crosses
2.30am – China PMI (April): manufacturing PMI expected to slip into contraction territory, at 48.5, from 50.5, and non-manufacturing to slip to 50 from 50.8. Markets to watch: CNH crosses
2.45am – China Caixin manufacturing PMI (April): this is expected to fall into contraction, at 49.1, from 51.2 last month. Markets to watch: CNH crosses
9am – German GDP (Q1, flash): growth expected to rise to 0.2% from -0.2% QoQ, and -0.1% from -0.2% YoY. Markets to watch: EUR crosses
10am – eurozone GDP (Q1, flash): QoQ growth forecast to hold steady at 0.2%, but YoY to slow to 0.9% from 1.2%. Markets to watch: EUR crosses
1pm – German inflation (April, preliminary): forecast to slow to 2.1% year-over-year (YoY) from 2.2%, and rise to 0.4% from 0.3% MoM. Markets to watch: EUR crosses
1.15pm – US ADP employment report (April): 110,000 jobs expected to have been created, down from 155,000 in the preceding month. Markets to watch: US indices, USD crosses
1.30pm – US PCE price index (March): core PCE forecast to slow to 0.1% from 0.4% MoM. Markets to watch: USD crosses
2.45pm – US Chicago PMI (April): index expected to rise to 47.8 from 47.6. Markets to watch: USD crosses
3pm – US pending home sales (March): sales forecast to rise 0.8% MoM. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 25 April): stockpiles rose by 244,000 barrels in the preceding week. Markets to watch: Brent, WTI
4am – Bank of Japan rate decision: rates expected to hold at 0.5%, comments on the outlook may spur volatility. Markets to watch: Nikkei 225, JPY crosses
1.30pm – US initial jobless claims (w/e 26 April): claims expected to rise to 225K from 222K. Markets to watch: USD crosses
3pm – US ISM manufacturing PMI (April): index expected to rise to 49.2 from 49. Markets to watch: USD crosses
10am – eurozone inflation (April, flash): prices forecast to rise 2% YoY, from 2.2%, and 0.4% MoM from 0.6%. Core CPI to rise 2.2% from 2.4% YoY. Markets to watch: eurozone indices, EUR crosses
1.30pm – US non-farm payrolls (April): payrolls forecast to rise 170,000, from 228,000 in March. Unemployment rate expected to hold at 4.2%, and wages forecast to rise 0.3% MoM and 3.9% YoY, from 0.3% and 3.8% respectively. Markets to watch: US indices, USD crosses
Monday
3.30pm – Dallas Fed mfg index (April): forecast to rise to -15 from -16.3 but will be closely watched for any signs of US economic weakness. Markets to watch: USD crosses
Tuesday
7am – German GfK consumer confidence (May): index expected to rise to -24 from -24.5. Markets to watch: EUR crosses
3pm – US CB consumer confidence (April): index expected to fall to 92.5 from 92.9. Markets to watch: USD crosses
Wednesday
2.30am – Australia inflation: QoQ rate to rise to 0.7% from 0.2%. Markets to watch: AUD crosses
2.30am – China PMI (April): manufacturing PMI expected to slip into contraction territory, at 48.5, from 50.5, and non-manufacturing to slip to 50 from 50.8. Markets to watch: CNH crosses
2.45am – China Caixin manufacturing PMI (April): this is expected to fall into contraction, at 49.1, from 51.2 last month. Markets to watch: CNH crosses
9am – German GDP (Q1, flash): growth expected to rise to 0.2% from -0.2% QoQ, and -0.1% from -0.2% YoY. Markets to watch: EUR crosses
10am – eurozone GDP (Q1, flash): QoQ growth forecast to hold steady at 0.2%, but YoY to slow to 0.9% from 1.2%. Markets to watch: EUR crosses
1pm – German inflation (April, preliminary): forecast to slow to 2.1% YoY from 2.2%, and rise to 0.4% from 0.3% MoM. Markets to watch: EUR crosses
1.15pm – US ADP employment report (April): 110,000 jobs expected to have been created, down from 155,000 in the preceding month. Markets to watch: US indices, USD crosses
1.30pm – US PCE price index (March): core PCE forecast to slow to 0.1% from 0.4% MoM. Markets to watch: USD crosses
2.45pm – US Chicago PMI (April): index expected to rise to 47.8 from 47.6. Markets to watch: USD crosses
3pm – US pending home sales (March): sales forecast to rise 0.8% MoM. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 25 April): stockpiles rose by 244,000 barrels in the preceding week. Markets to watch: Brent, WTI
Thursday
4am – Bank of Japan rate decision: rates expected to hold at 0.5%, comments on the outlook may spur volatility. Markets to watch: Nikkei 225, JPY crosses
1.30pm – US initial jobless claims (w/e 26 April): claims expected to rise to 225K from 222K. Markets to watch: USD crosses
3pm – US ISM manufacturing PMI (April): index expected to rise to 49.2 from 49. Markets to watch: USD crosses
Friday
10am – eurozone inflation (April, flash): prices forecast to rise 2% YoY, from 2.2%, and 0.4% MoM from 0.6%. Core CPI to rise 2.2% from 2.4% YoY. Markets to watch: eurozone indices, EUR crosses
1.30pm – US non-farm payrolls (April): payrolls forecast to rise 170K, from 228K in March. Unemployment rate expected to hold at 4.2%, and wages forecast to rise 0.3% MoM and 3.9% YoY, from 0.3% and 3.8% respectively. Markets to watch: US indices, USD crosses
Company announcements
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
Full-year earnings |
|
AstraZeneca, HSBC, BP, Associated British Foods |
|||
| Half/ Quarterly earnings |
|
Coca-Cola, Pfizer, Starbucks,, UPS, General Motors |
Microsoft, Meta, Caterpillar |
Exxon, Chevron |
|
Trading update* |
|
|
|
Dividends
FTSE ex-dividend dates (1st May):
FTSE 250: Senior, Int’l Workspace, Inchcape, Greggs,Elementis, Coats, Genuit, 4Imprint, Alfa Financial, Bellevue Healthcare, JD Wetherspoon, Edinburgh Inv. Trust
Index adjustments
|
Monday 28 April |
Tuesday 29 April |
Wednesday 30 April |
Thursday 1 May |
Friday 2 May |
Monday 3 May |
| FTSE 100 | 0.62 | |||||
| Australia 200 | 0.4 | |||||
| Wall Street | ||||||
| US 500 | 0.02 | 0.44 | 0.16 | 0.18 | 0.20 | 0.08 |
| Nasdaq | 1.65 | 0.77 | 0.30 | |||
| Netherlands 25 | 0.37 | |||||
| US Russell 2000 | 0.05 | 0.24 | 0.03 | 0.09 | 0.18 | 0.08 |
| China H-Shares | 20.7 | |||||
| Singapore Blue Chip | 0.27 | 0.15 | 0.49 | 0.31 | ||
| Hong Kong HS50 | 39.4 | |||||
| South Africa 40 | 26 | |||||
| France 40 | 37.5 | |||||
| Stoxx 600 | 3.7 | 4.1 | 17.2 | 1.5 |
* 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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