The Week Ahead
Week commencing
16 November
Chris Beauchamp's insight
A week dominated by Nvidia is followed up by another in which tech takes centre stage. Nvidia might not be the largest company in the world any more, but it remains vital to the global AI trade and thus its results will be closely watched. AI giant Anthropic lists this week too, another key event. Meanwhile, UK inflation and employment data are key on the economic calendar, along with a speech by Kevin Warsh.
What to watch this week:
Nvidia earnings: the numbers here are now much less important as the market wants to know more about the interim CEO and plans for appointing a new permanent chief for the tech giant.
Anthropic IPO: a potentially vital event, the AI giant is expected to begin trading on Thursday. A strong IPO would do much to restore battered tech sentiment.
UK data: after a strong GDP reading last week, the focus is on whether price growth will speed up, raising the risk of another BoE rate hike before the end of the year.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
1.30pm – US Empire State manufacturing index (November): expected to fall to 25.5. Markets to watch: USD crosses
1.30pm – Canada inflation (October): prices expected to rise 2.3% YoY. Core CPI expected to be flat month-on-month. Markets to watch: CAD crosses
5pm – speech by Fed chairman Kevin Warsh. Markets to watch: US indices, USD crosses
7am – UK employment data: unemployment rate expected to hold at 4.7% for September, while average earnings rise 3.7% for the month, including bonuses. Markets to watch: GBP crosses
10am – German ZEW index (November): economic sentiment index expected to rise to -34. Markets to watch: EUR crosses
7am – UK inflation (October): prices expected to rise 0.5% MoM and 3.6% YoY, from 0.4% and 3.5%. Core inflation expected to be 2.9% YoY. Markets to watch: GBP crosses
3.30pm – US EIA crude oil inventories (w/e 12 November): Markets to watch: Brent, WTI
7pm – Fed minutes. Markets to watch: USD crosses
Anthropic IPO: the AI giant’s shares are expected to begin trading, with demand for the shares strong after the initial pricing put the valuation around $1.3 trillion, lower than the $2 trillion suggested when it first announced its intention to list. Markets to watch: US indices, tech stocks
1.30pm – US initial jobless claims (w/e 13 November): claims rose to 200K last week, more than the expected 194K. Markets to watch: USD crosses
7am – UK retail sales (October): sales rose 0.8% YoY in September. Markets to watch: GBP crosses
3pm – US consumer sentiment (November): index expected to rise to 51 from 48. Markets to watch: USD crosses
Monday
1.30pm – US Empire State manufacturing index (November): expected to fall to 25.5. Markets to watch: USD crosses
1.30pm – Canada inflation (October): prices expected to rise 2.3% YoY. Core CPI expected to be flat month-on-month. Markets to watch: CAD crosses
5pm – speech by Fed chairman Kevin Warsh. Markets to watch: US indices, USD crosses
Tuesday
7am – UK employment data: unemployment rate expected to hold at 4.7% for September, while average earnings rise 3.7% for the month, including bonuses. Markets to watch: GBP crosses
10am – German ZEW index (November): economic sentiment index expected to rise to -34. Markets to watch: EUR crosses
Wednesday
7am – UK inflation (October): prices expected to rise 0.5% MoM and 3.6% YoY, from 0.4% and 3.5%. Core inflation expected to be 2.9% YoY. Markets to watch: GBP crosses
3.30pm – US EIA crude oil inventories (w/e 12 November): Markets to watch: Brent, WTI
7pm – Fed minutes. Markets to watch: USD crosses
Thursday
Anthropic IPO: the AI giant’s shares are expected to begin trading, with demand for the shares strong after the initial pricing put the valuation around $1.3 trillion, lower than the $2 trillion suggested when it first announced its intention to list. Markets to watch: US indices, tech stocks
1.30pm – US initial jobless claims (w/e 13 November): claims rose to 200K last week, more than the expected 194K. Markets to watch: USD crosses
Friday
7am – UK retail sales (October): sales rose 0.8% YoY in September. Markets to watch: GBP crosses
3pm – US consumer sentiment (November): index expected to rise to 51 from 48. Markets to watch: USD crosses
Company announcements
Dividends
FTSE ex-dividend dates (19 November):
FTSE 100: Coca-Cola Europacific, National Grid, Vodafone
FTSE 250: Volution, RS Group, Tate & Lyle, Kainos, B&M European Value Retail, Premier Foods, Young & Co
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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