The Week Ahead
Week commencing 10 August
Chris Beauchamp's insight
US inflation data is the main event of the week, as markets watch to see if price growth begins to accelerate once again, putting more pressure on the Fed to hike rates. UK GDP data is another important datapoint, and forecasts expect a slowdown from Q1, but an improvement on last year’s Q2 figure. Earnings are thinning out, but in the UK InterContinental Hotels and Aviva are ones to watch, while in the US Super Micro Computer and Cisco report.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
None
5.30am – RBA rate decision: rates expected to be held at 4.35%. Markets to watch: AUD crosses
3pm – US existing home sales (July): sales forecast to fall -0.7% MoM. Markets to watch: USD crosses
1.30pm – US CPI (July): headline price growth expected to slow to 3.4% from 3.5% YoY, but rise to 0% from -0.4% MoM. Core inflation expected to slow to 2.5% YoY from 2.6%, while the MoM rate rises to 0.2% from 0%. Markets to watch: USD crosses
3.30pm – US crude oil inventories (w/e 7 August): stockpiles rose by 2.5 million barrels in the preceding week. Markets to watch: Brent, WTI
7am – UK GDP (Q2, preliminary): growth expected to slow to 0.2% QoQ from 0.6%. YoY rate forecast to increase to 1.6% from 0.9%. Markets to watch: GBP crosses
1.30pm – US initial jobless claims (w/e 8 August), PPI (July): claims expected to rise to 204K from 199K, while PPI forecast to rise to -0.1% from -0.3% MoM. Markets to watch: USD crosses
1.30pm – US retail sales (July): sales expected to rise to 0.5% from 0.2%. Markets to watch: USD crosses
3pm - US Michigan consumer sentiment (August): index expected to drop to 54.6 from 55.2. Markets to watch: USD crosses
Monday
None
Tuesday
5.30am – RBA rate decision: rates expected to be held at 4.35%. Markets to watch: AUD crosses
3pm – US existing home sales (July): sales forecast to fall -0.7% MoM. Markets to watch: USD crosses
Wednesday
1.30pm – US CPI (July): headline price growth expected to slow to 3.4% from 3.5% YoY, but rise to 0% from -0.4% MoM. Core inflation expected to slow to 2.5% YoY from 2.6%, while the MoM rate rises to 0.2% from 0%. Markets to watch: USD crosses
3.30pm – US crude oil inventories (w/e 7 August): stockpiles rose by 2.5 million barrels in the preceding week. Markets to watch: Brent, WTI
Thursday
7am – UK GDP (Q2, preliminary): growth expected to slow to 0.2% QoQ from 0.6%. YoY rate forecast to increase to 1.6% from 0.9%. Markets to watch: GBP crosses
1.30pm – US initial jobless claims (w/e 8 August), PPI (July): claims expected to rise to 204K from 199K, while PPI forecast to rise to -0.1% from -0.3% MoM. Markets to watch: USD crosses
Friday
1.30pm – US retail sales (July): sales expected to rise to 0.5% from 0.2%. Markets to watch: USD crosses
3pm - US Michigan consumer sentiment (August): index expected to drop to 54.6 from 55.2. Markets to watch: USD crosses
Company announcements
|
Dividends
FTSE ex-dividend dates (13th August):
FTSE 100: Pershing Square, Babcock, GSK, Rio Tinto, Aberdeen, Shell, Rentokil, London Stock Exchange, Haleon, NatWest, Melrose, Pearson, IMI, BP, HSBC, Fresnillo, Hiscox, Tritax Big Box
FTSE 250: TBC Bank, Chemring, Halfords, ICG Enterprise Trust, Int’l Public Partnerships, Elementis, Domino's Pizza , Keller, Rotork, Target Healthcare, 4imprint, Harbour Energy, Hikma Pharmaceuticals, OSB
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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