The Week Ahead
Week commencing
26 October
Chris Beauchamp's insight
It is ‘all systems go’ this week. Central banks issue policy decisions, while a host of US and UK companies report earnings, most notably from more of the tech giants. While not all of this week’s central banks are expected to raise rates, the commentary is likely to focus on whether they will have to respond to higher inflation. Amidst all this, we are watching oil prices continue to climb as tensions ramp up in the Middle East following reports that the US and Israel are considering new strikes on Iran.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
10am – German IFO index (October): expected to fall to 89.2 from 89.9. Markets to watch: EUR crosses
1.30pm – US Chicago Fed index (September): expected to fall to -0.1 from -0.04. Markets to watch: USD crosses
1.30pm – US durable goods orders (September): orders forecast to fall 0.2% MoM, and down 0.1% excluding transportation. Markets to watch: USD crosses
3pm – US consumer confidence (October): expected to fall to 80 from 81.9. Markets to watch: USD crosses
2.45pm – Bank of Canada decision: rates expected to be raised 25bps to 2.5%. Markets to watch: CAD crosses
3.30pm - US EIA crude oil inventories (w/e 23 October): stockpiles fell by 3.1 million barrels in the preceding week. Markets to watch: Brent, WTI
7pm – Fed rate decision: no change in rates is expected, but with oil prices pushing higher there is likely to be an increase in those expecting interest rates to rise in coming months. Markets to watch: US indices, USD crosses
1.30pm – US PCE price index (September), initial jobless claims (w/e 24 October): claims expected to rise to 196K from 194K. Markets to watch: USD crosses
2.15pm – ECB rate decision: rates expected to be held at 2.5%. Markets to watch: EUR crosses
4am – Bank of Japan rate decision: no change in rates expected from current 1.25%. Markets to watch: JPY crosses
10am – German GDP (Q3, flash): expected to be 0% QoQ from 0.3%, and 1%, in line with last year. Markets to watch: EUR crosses
2pm – German CPI (October): prices expected to rise 0.5% MoM from 0.6%, but 3.5% from 3.3% YoY. Markets to watch: EUR crosses
Monday
10am – German IFO index (October): expected to fall to 89.2 from 89.9. Markets to watch: EUR crosses
1.30pm – US Chicago Fed index (September): expected to fall to -0.1 from -0.04. Markets to watch: USD crosses
Tuesday
1.30pm – US durable goods orders (September): orders forecast to fall 0.2% MoM, and down 0.1% excluding transportation. Markets to watch: USD crosses
3pm – US consumer confidence (October): expected to fall to 80 from 81.9. Markets to watch: USD crosses
Wednesday
2.45pm – Bank of Canada decision: rates expected to be raised 25bps to 2.5%. Markets to watch: CAD crosses
3.30pm - US EIA crude oil inventories (w/e 23 October): stockpiles fell by 3.1 million barrels in the preceding week. Markets to watch: Brent, WTI
7pm – Fed rate decision: no change in rates is expected, but with oil prices pushing higher there is likely to be an increase in those expecting interest rates to rise in coming months. Markets to watch: US indices, USD crosses
Thursday
1.30pm – US PCE price index (September), initial jobless claims (w/e 24 October): claims expected to rise to 196K from 194K. Markets to watch: USD crosses
2.15pm – ECB rate decision: rates expected to be held at 2.5%. Markets to watch: EUR crosses
Friday
4am – Bank of Japan rate decision: no change in rates expected from current 1.25%. Markets to watch: JPY crosses
10am – German GDP (Q3, flash): expected to be 0% QoQ from 0.3%, and 1%, in line with last year. Markets to watch: EUR crosses
2pm – German CPI (October): prices expected to rise 0.5% MoM from 0.6%, but 3.5% from 3.3% YoY. Markets to watch: EUR crosses
Company announcements
|
Dividends
FTSE ex-dividend dates (29thOctober):
FTSE 100: Balfour Beatty, JD Sports, Whitbread
FTSE 250: Hilton Foods, Kier, Renishaw, Bloomsbury Publishing
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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