The Week Ahead
Week commencing 06 July
Chris Beauchamp's insight
It is a week of mostly second-tier data, though the US ISM services PMI is a notable highlight. In the UK, oil giant Shell releases an update, as does water utility and noted dividend payer Severn Trent. Delta Airlines in the US is the first major firm to report Q2 earnings, with the season kicking off in earnest the following week.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
9.30am – UK construction PMI (June): forecast to rise to 45 from 38.2. Markets to watch: GBP crosses
3pm – US ISM services PMI (June): expected to slip to 54 from 54.5. Markets to watch: USD crosses
3pm – Canada Ivey PMI (June): forecast to fall to 50 from 58.2. Markets to watch: CAD crosses
3.30pm – US EIA crude oil inventories (w/e 3 July): stockpiles fell by 3.8 million barrels in the precious week, the smallest drawdown since the second half of May. Markets to watch: Brent, WTI
7pm – Fed minutes: the Fed left rates unchanged at its last meeting. These minutes will provide some insight into the committee under Warsh’s leadership. Markets to watch: US indices, USD crosses
2.30am – China inflation (June): prices forecast to rise 1.2% YoY, in line with May, and 0.3% MoM, an acceleration from May’s 0.1% fall. Markets to watch: CNH crosses
1.30pm – US initial jobless claims (w/e 4 July): expected to rise to 220K from 215K. Markets to watch: USD crosses
3pm – US existing home sales (June): sales expected to fall 2.5% MoM. Markets to watch: USD crosses
1.30pm – Canada employment data (June): unemployment rate expected to rise to 7% from 6.6%. Markets to watch: CAD crosses
Monday
9.30am – UK construction PMI (June): forecast to rise to 45 from 38.2. Markets to watch: GBP crosses
3pm – US ISM services PMI (June): expected to slip to 54 from 54.5. Markets to watch: USD crosses
Tuesday
3pm – Canada Ivey PMI (June): forecast to fall to 50 from 58.2. Markets to watch: CAD crosses
Wednesday
3.30pm – US EIA crude oil inventories (w/e 3 July): stockpiles fell by 3.8 million barrels in the precious week, the smallest drawdown since the second half of May. Markets to watch: Brent, WTI
7pm – Fed minutes: the Fed left rates unchanged at its last meeting. These minutes will provide some insight into the committee under Warsh’s leadership. Markets to watch: US indices, USD crosses
Thursday
2.30am – China inflation (June): prices forecast to rise 1.2% YoY, in line with May, and 0.3% MoM, an acceleration from May’s 0.1% fall. Markets to watch: CNH crosses
1.30pm – US initial jobless claims (w/e 4 July): expected to rise to 220K from 215K. Markets to watch: USD crosses
3pm – US existing home sales (June): sales expected to fall 2.5% MoM. Markets to watch: USD crosses
Friday
1.30pm – Canada employment data (June): unemployment rate expected to rise to 7% from 6.6%. Markets to watch: CAD crosses
Company announcements
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Dividends
FTSE ex-dividend dates (9th July:
FTSE 100: British American Tobacco, Halma
FTSE 250: Sirius Real Estate, Oxford Instruments, AO World
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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