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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

The Week Ahead

Week commencing 28 July

Chris Beauchamp insight

The final days of July go out with a bang, being full of key data for investors to monitor. The week includes a decision from the Federal Reserve (Fed), Bank of Japan (BoJ) and Bank of Canada, although all three are expected to leave policy unchanged, along with the latest US payroll numbers, Chinese purchasing managers index (PMI) figures and the latest US ISM manufacturing PMI.

Earnings are plentiful on both sides of the Atlantic, including tech heavyweights like Apple, Amazon, Microsoft and Meta, following on from Tesla and Alphabet last week, but also bitcoin treasury firm Strategy (formerly MicroStrategy). FTSE 100 titans GSK, AstraZeneca and HSBC also report figures, along with a range of others from across the index.

Economic reports

  • Monday
  • Tuesday
  • Wednesday
  • Thursday
  • Friday
  • Weekly view

None

3pm – US consumer confidence (July): expected to rise to 95 from 93. Markets to watch: USD crosses

9am – German gross domestic product (GDP) (Second quarter (Q2), flash): Quarter-on-quarter (QoQ) rate forecast to be 0.1%, down from 0.4%, and year-on-year (YoY) to rise to 0.1% from 0%. Markets to watch: EUR crosses

10am – eurozone GDP (Q2, flash): QoQ rate expected to be 0.1%, down from 0.6%, and YoY to slow to 1.2% from 1.5%. Markets to watch: EUR crosses

1.15pm – US ADP employment report (July): 20,000 jobs expected to have been created, from June’s 33,000 drop. Markets to watch: US indices, USD crosses

2.45pm – Bank of Canada rate decision: rates expected to be held at 2.75%. Markets to watch: CAD crosses

3pm – US pending home sales (June): sales forecast to rise 1.5%. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 25 July): stockpiles fell by 3.2 million barrels in the preceding week. Markets to watch: Brent, WTI

7pm – US Fed rate decision: rates expected to be left unchanged at 4.5%. Markets to watch: US indices, USD crosses

2.30am – China purchasing managers index (PMI) (July): manufacturing index to move back into expansion territory, at 50.2, from 49.7. Non-manufacturing index forecast to rise to 50.8 from 50.5. Markets to watch: CNH crosses

4am – BoJ rate decision: rates expected to rise to 0.75% from 0.5%. Markets to watch: JPY crosses

8.55am – German employment (July): unemployment rate expected to hold at 6.3%. Markets to watch: EUR crosses

1pm – German inflation (July, preliminary): prices expected to rise by 1.9%, a slowdown from June’s 2%. Markets to watch: EUR crosses

1.30pm – US initial jobless claims (w/e 26 July), personal consumption expenditures (PCE) price index: claims expected to rise to 219K while prices to rise 0.3% from 0.1% month-on-month (MoM). Core PCE to be 0.3% from 0.2%. Markets to watch: US indices, USD crosses

2.45pm – US Chicago PMI (July): index expected to rise to 43 from 40.4. Markets to watch: USD crosses

2.45am – China Caixin manufacturing (July): index expected to rise to 50.8 from 50.4. Markets to watch: CNH crosses

10am – eurozone inflation (July, flash): prices expected to rise 1.8% YoY and fall 0.2% MoM. Markets to watch: EUR crosses

1.30pm – US non-farm payrolls (NFPs) (July): payrolls forecast to be 110K, down from 147K last month. Unemployment rate expected to rise to 4.2% from 4.1%. Average hourly earnings expected to be 3.6% higher, down from 3.7% last month. Markets to watch: US indices, USD crosses

3pm – US ISM manufacturing PMI (July): activity expected to improve slightly, though remaining in contraction territory at 49.4 from 49 in June. Markets to watch: USD crosses

Monday

None

 

Tuesday

3pm – US consumer confidence (July): expected to rise to 95 from 93. Markets to watch: USD crosses

 

Wednesday

9am – German GDP (Q2, flash): QoQ rate forecast to be 0.1%, down from 0.4%, and YoY to rise to 0.1% from 0%. Markets to watch: EUR crosses

10am – eurozone GDP (Q2, flash): QoQ rate expected to be 0.1%, down from 0.6%, and YoY to slow to 1.2% from 1.5%. Markets to watch: EUR crosses

1.15pm – US ADP employment report (July): 20,000 jobs expected to have been created, from June’s 33,000 drop. Markets to watch: US indices, USD crosses

2.45pm – Bank of Canada rate decision: rates expected to be held at 2.75%. Markets to watch: CAD crosses

3pm – US pending home sales (June): sales forecast to rise 1.5%. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 25 July): stockpiles fell by 3.2 million barrels in the preceding week. Markets to watch: Brent, WTI

7pm – US Fed rate decision: rates expected to be left unchanged at 4.5%. Markets to watch: US indices, USD crosses

 

Thursday

2.30am – China PMI (July): manufacturing index to move back into expansion territory, at 50.2, from 49.7. Non-manufacturing index forecast to rise to 50.8 from 50.5. Markets to watch: CNH crosses

4am – BoJ rate decision: rates expected to rise to 0.75% from 0.5%. Markets to watch: JPY crosses

8.55am – German employment (July): unemployment rate expected to hold at 6.3%. Markets to watch: EUR crosses

1pm – German inflation (July, preliminary): prices expected to rise by 1.9%, a slowdown from June’s 2%. Markets to watch: EUR crosses

1.30pm – US initial jobless claims (w/e 26 July), PCE price index: claims expected to rise to 219K while prices to rise 0.3% from 0.1% MoM. Core PCE to be 0.3% from 0.2%. Markets to watch: US indices, USD crosses

2.45pm – US Chicago PMI (July): index expected to rise to 43 from 40.4. Markets to watch: USD crosses

 

Friday

2.45am – China Caixin manufacturing (July): index expected to rise to 50.8 from 50.4. Markets to watch: CNH crosses

10am – eurozone inflation (July, flash): prices expected to rise 1.8% YoY and fall 0.2% MoM. Markets to watch: EUR crosses

1.30pm – US non-farm payrolls (July): payrolls forecast to be 110K, down from 147K last month. Unemployment rate expected to rise to 4.2% from 4.1%. Average hourly earnings expected to be 3.6% higher, down from 3.7% last month. Markets to watch: US indices, USD crosses

3pm – US ISM manufacturing PMI (July): activity expected to improve slightly, though remaining in contraction territory at 49.4 from 49 in June. Markets to watch: USD crosses

Company announcements

Dividends

FTSE ex-dividend dates (31 July):

FTSE 100: Lloyds

FTSE 250: MONYBrunner Investment TrustHICL Infrastructure

Index adjustments

 

Monday
28 July
Tuesday
29 July
Wednesday
30 July
Thursday
31 July
Friday
1 August
Monday
4 August
FTSE 100     3.01      
Australia 200            
Wall Street            
US 500 0.03 0.04 0.50 0.27 0.24 0.09
Nasdaq 100 0.55   1.64 0.77   0.30
Netherlands 25         1.1  
US Russell 2000 0.00 0.00 0.14 0.11 0.27 0.10
China H-Shares   2.0        
Singapore Blue Chip     0.74      
Hong Kong HS50   3.9       1.0
South Africa 40            
France 40            
Stoxx 600         1.6  

* 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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