The Week Ahead
Week commencing 12 May
Chris Beauchamp insight
US inflation will be the key event of the week overall. While gross domestic product (GDP) from Japan and the UK will be worth watching, its importance is limited since it covers the first quarter (Q1), before tariffs came into effect. Further weakness is expected in the Michigan confidence index in the US. Earnings are quieter, but Burberry and Imperial Brands in the UK, plus Cisco and Walmart in the US, will be the main names to monitor.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
None
7am – UK unemployment data: March unemployment rate expected to hold at 4.4%, earnings expected to rise 5.3%, down from 5.6%. Markets to watch: GBP crosses
10am – German ZEW index (May): index expected to fall to -16 from -14. Markets to watch: EUR crosses
1.30pm – US CPI (April): prices expected to rise 0.3% month-on-month (MoM) from -0.1%, and 2.6% from 2.4% year-on-year (YoY). Core consumer price index (CPI) to rise 0.2% MoM and 2.8% YoY, from 0.1% and 2.8% respectively. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 9 May): stockpiles fell by 2 million barrels in the preceding week. Markets to watch: Brent, WTI
7am – UK GDP (Q1, preliminary): growth forecast to be 0.6% quarter-on-quarter (QoQ) from 0.1%, and 0.9% from 1.5% YoY. Markets to watch: GBP crosses
1.30pm – US PPI (April), initial jobless claims (w/e 10 May): Producer price index (PPI) forecast to rise 0.2% MoM from -0.4%. Claims to rise to 231K from 228K. Markets to watch: USD crosses
12.50am – Japan GDP (Q1, preliminary): growth forecast to be 0.1% QoQ and 0.2% YoY, from 0.6% and 2.2% respectively. Markets to watch: JPY crosses
3pm – US Michigan consumer sentiment (May, preliminary): index expected to drop to 52 from 52.2. Markets to watch: USD crosses
Monday
None
Tuesday
7am – UK unemployment data: March unemployment rate expected to hold at 4.4%, earnings expected to rise 5.3%, down from 5.6%. Markets to watch: GBP crosses
10am – German ZEW index (May): index expected to fall to -16 from -14. Markets to watch: EUR crosses
1.30pm – US CPI (April): prices expected to rise 0.3% MoM from -0.1%, and 2.6% from 2.4% YoY. Core CPI to rise 0.2% MoM and 2.8% YoY, from 0.1% and 2.8% respectively. Markets to watch: USD crosses
Wednesday
3.30pm – US EIA crude oil inventories (w/e 9 May): stockpiles fell by 2 million barrels in the preceding week. Markets to watch: Brent, WTI
Thursday
7am – UK GDP (Q1, preliminary): growth forecast to be 0.6% QoQ from 0.1%, and 0.9% from 1.5% YoY. Markets to watch: GBP crosses
1.30pm – US PPI (April), initial jobless claims (w/e 10 May): PPI forecast to rise 0.2% MoM from -0.4%. Claims to rise to 231K from 228K. Markets to watch: USD crosses
Friday
12.50am – Japan GDP (Q1, preliminary): growth forecast to be 0.1% QoQ and 0.2% YoY, from 0.6% and 2.2% respectively. Markets to watch: JPY crosses
3pm – US Michigan consumer sentiment (May, preliminary): index expected to drop to 52 from 52.2. Markets to watch: USD crosses
Company announcements
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
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Full-year earnings |
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| Half/ Quarterly earnings |
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3i, |
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Trading update* |
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Dividends
FTSE ex-dividend dates (1st May):
FTSE 100: Pershing Square, Admiral, Tesco, Unilever, BP, Coca-Cola Europacific, GlaxoSmithKline (GSK), Shell
FTSE 250: Spectris, PageGroup, Lancashire Holdings, Balfour Beatty, PRS REIT, Target Healthcare
Index adjustments
|
Monday 12 May |
Tuesday 13 May |
Wednesday 14 May |
Thursday 15 May |
Friday 16 May |
Monday 19 May |
| FTSE 100 | 21.02 | 0.6 | ||||
| Australia 200 | 8.2 | 5.5 | ||||
| Wall Street | 3.6 | 5.1 | 26.4 | 10.5 | ||
| US 500 | 0.15 | 0.27 | 1.47 | 0.91 | 0.78 | 0.15 |
| Nasdaq | 0.23 | 3.95 | 4.41 | 0.54 | 0.13 | |
| Netherlands 25 | 0.14 | 2.57 | 0.9 | |||
| US Russell 2000 | 0.07 | 0.13 | 0.37 | 0.39 | 0.20 | 0.10 |
| China H-Shares | 10.1 | 6.1 | ||||
| Singapore Blue Chip | 1.21 | 0.06 | ||||
| Hong Kong HS50 | 8.9 | 23.0 | 16.8 | |||
| South Africa 40 | 54.3 | |||||
| France 40 | 9.9 | 0.5 | 31.2 | 3.7 | ||
| Stoxx 600 | 3.2 | 3.4 | 2.9 | 0.5 | 16.8 |
* 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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