The Week Ahead
Week commencing 08 June
Chris Beauchamp's insight
US inflation and the first ECB rate hike in three years will dominate the week, while both the weekly crude inventory readings are expected to show further big drawdowns in oil stockpiles thanks to the lack of supply from the Middle East. Oracle is one of the last big tech firms to report, while in the UK embattled housebuilder Bellway releases a trading statement.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
None
4am – China trade data (May): exports rose 14.1% in April. Markets to watch: CNH crosses
3pm – US existing home sales (May): forecast to fall 3% MoM. Markets to watch: USD crosses
9.30pm – US API crude oil inventories (w/e 5 June): stockpiles fell by 6.8 million barrels in the preceding week. Markets to watch: Brent, WTI
2.30am – China inflation (May): prices expected to rise 1.4% YoY and 0% MoM. Markets to watch: CNH crosses
1.30pm – US inflation (May): headline inflation expected to rise to 3.9% from 3.8% YoY, and slow to 0.4% from 0.6% MoM. Core inflation to hold at 2.8% YoY and fall to 0.3% MoM from 0.4%. Markets to watch: USD crosses
2.45pm – Bank of Canada decision: rates to be held at 2.25%. Markets to watch: CAD crosses
3.30pm – US EIA crude oil inventories (w/e 5 June): stockpiles fell by 8 million barrels in the previous week. Markets to watch: Brent, WTI
1.15pm – ECB rate decision: 25bps rate increase is expected, to 2.4%, the first increase since 2023. Markets to watch: eurozone indices, EUR crosses
1.30pm – US initial jobless claims (w/e 6 June), PPI (May): claims expected to fall to 219K from 225K, while PPI slows to 0.3% from 1.4% MoM. Markets to watch: USD crosses
7am – UK GDP (April): 3-month average forecast to rise to 0.8% from 0.6%. Markets to watch: GBP crosses
3pm – US Michigan sentiment index (June, preliminary): index expected to rise to 46 from 44.8. Markets to watch: USD crosses
Monday
None
Tuesday
4am – China trade data (May): exports rose 14.1% in April. Markets to watch: CNH crosses
3pm – US existing home sales (May): forecast to fall 3% MoM. Markets to watch: USD crosses
9.30pm – US API crude oil inventories (w/e 5 June): stockpiles fell by 6.8 million barrels in the preceding week. Markets to watch: Brent, WTI
Wednesday
2.30am – China inflation (May): prices expected to rise 1.4% YoY and 0% MoM. Markets to watch: CNH crosses
1.30pm – US inflation (May): headline inflation expected to rise to 3.9% from 3.8% YoY, and slow to 0.4% from 0.6% MoM. Core inflation to hold at 2.8% YoY and fall to 0.3% MoM from 0.4%. Markets to watch: USD crosses
2.45pm – Bank of Canada decision: rates to be held at 2.25%. Markets to watch: CAD crosses
3.30pm – US EIA crude oil inventories (w/e 5 June): stockpiles fell by 8 million barrels in the previous week. Markets to watch: Brent, WTI
Thursday
1.15pm – ECB rate decision: 25bps rate increase is expected, to 2.4%, the first increase since 2023. Markets to watch: eurozone indices, EUR crosses
1.30pm – US initial jobless claims (w/e 6 June), PPI (May): claims expected to fall to 219K from 225K, while PPI slows to 0.3% from 1.4% MoM. Markets to watch: USD crosses
Friday
7am – UK GDP (April): 3-month average forecast to rise to 0.8% from 0.6%. Markets to watch: GBP crosses
3pm – US Michigan sentiment index (June, preliminary): index expected to rise to 46 from 44.8. Markets to watch: USD crosses
Company announcements
Dividends
FTSE ex-dividend dates (11 June):
FTSE 100: ICG, Scottish Mortgage
FTSE 250: C&C, RS Group, B&M European Value
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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