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The week ahead

Read about upcoming market-moving events and plan your trading week

All trading involves risk. Losses can exceed deposits.

Week commencing 14 August

Joshua Mahony, market analyst

After a week that was dominated by geopolitical fears, there is going to be an ongoing degree of trepidation for traders, given the unpredictability of Donald Trump and Kim Jong Un. However, this week sees a return of the fundamentals, with a whole host of economic releases to watch out for. Particular attention will be fair on the pound, ahead of the release of inflation, retail sales, and jobs data. Meanwhile, the Federal Open Market Committee (FOMC) minutes will keep the dollar in focus amid tentative signs of a resurgence.

On the corporate front, keep an eye out for a host of high street names from the US, with Gap, Wal-mart, Home Depot, Urban Outfitters, Staples, and Target all reporting their latest earnings figures. The FTSE 100 also has a whole host of big names releasing data, with the likes of Admiral, Balfour Beatty, Kingfisher, and Rank Group stepping up to the plate.

Economic reports

Week commencing 14 August

Monday

12.50am – Japan GDP (2Q preliminary): quarterly growth has been stagnant at 0.3% for three consecutive quarters. This time it’s expected to rise to 0.5%. Markets to watch: JPY crosses, Japanese stocks

Tuesday

07.00 am – German GDP (2Q flash): quarterly growth is expected to remain stable at 0.6%, while the annual reading is expected to rise to 2.1%. Markets to watch: EUR crosses, Eurozone indices

09.30 am – UK inflation (July): CPI inflation is expected to tick up to 2.7% on the year, with the Bank of England expecting the rate to top at over 3% later in 2017 before dropping back again. Markets to watch: GBP crosses, UK indices

13.30 pm – US retail sales (July): Expected to move back to a positive figure after they fell 0.2% in June. Market to watch: USD Crosses

Wednesday

19.00 pm – FOMC minutes: Markets will get further clues about when the Federal Reserve’s policy makers will continue on their tightening path and how rapidly they intend to act. Markets to watch: USD crosses, precious metals, global indices

Thursday

09.30 am – UK retail sales (July): Monthly figures tend to fluctuate and so it’s always best to look at trend, but the monthly figures impact markets nonetheless. Expected to come in at 0.4% on quarter and 3.2% on year including fuel and 0.5% and 3.4%, respectively, excluding fuel. Markets to watch: GBP crosses, UK indices

Friday

10.00 am – Eurozone construction output (June): expected to remain stable at 2.5%. Markets to watch: EUR crosses, Eurozone indices

1.30pm – US Michigan consumer sentiment (Aug, preliminary): expected to remain stable just above 93. Market to watch: USD crosses

2.45pm – US mfg PMI (June, flash): forecast to rise to 53.7 from 52.7. Markets to watch: US indices, USD crosses

3pm – US new home sales (May): previous reading saw a MoM drop of 11.4%. Markets to watch: US indices, USD crosses

Weekly view

Monday

12.50am – Japan GDP (2Q preliminary): quarterly growth has been stagnant at 0.3% for three consecutive quarters. This time it’s expected to rise to 0.5%. Markets to watch: JPY crosses, Japanese stocks

Tuesday

07.00 am – German GDP (2Q flash): quarterly growth is expected to remain stable at 0.6%, while the annual reading is expected to rise to 2.1%. Markets to watch: EUR crosses, Eurozone indices

09.30 am – UK inflation (July): CPI inflation is expected to tick up to 2.7% on the year, with the Bank of England expecting the rate to top at over 3% later in 2017 before dropping back again. Markets to watch: GBP crosses, UK indices

13.30 pm – US retail sales (July): Expected to move back to a positive figure after they fell 0.2% in June. Market to watch: USD Crosses

Wednesday

19.00 pm – FOMC minutes: Markets will get further clues about when the Federal Reserve’s policy makers will continue on their tightening path and how rapidly they intend to act. Markets to watch: USD crosses, precious metals, global indices

Thursday

09.30 am – UK retail sales (July): Monthly figures tend to fluctuate and so it’s always best to look at trend, but the monthly figures impact markets nonetheless. Expected to come in at 0.4% on quarter and 3.2% on year including fuel and 0.5% and 3.4%, respectively, excluding fuel. Markets to watch: GBP crosses, UK indices

Friday

10.00 am – Eurozone construction output (June): expected to remain stable at 2.5%. Markets to watch: EUR crosses, Eurozone indices

1.30pm – US Michigan consumer sentiment (Aug, preliminary): expected to remain stable just above 93. Market to watch: USD crosses

2.45pm – US mfg PMI (June, flash): forecast to rise to 53.7 from 52.7. Markets to watch: US indices, USD crosses

3pm – US new home sales (May): previous reading saw a MoM drop of 11.4%. Markets to watch: US indices, USD crosses

 

Company announcements

  Monday 14 Tuesday 15 Wednesday 16 Thursday 17 Friday 18
Full-year earnings

 

Hargreaves Lansdown  

Rank Group

 

Half/Quarterly earnings

 

Clarkson

RIT Capital Partners,

Sirius Minerals,

Home Depot,

Urban Outfitters

Admiral Group,

Hochschild Mining,

Balfour Beatty,

CLS Holdings,

Staples,

Target,

Cisco Systems

KAZ Minerals,

Hikma Pharma,

Marshalls,

Gap,

Wal-Mart

Deere & Co,

Foot Locker,

Estee Lauder

Trading update  

 

 

Kingfisher

 

 

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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