The Week Ahead
Week commencing 22 June
Chris Beauchamp's insight
The flash (initial) readings for the June purchasing manager’s indices provide an insight into the global economy as it recovers from the war in Iran and the energy price surge. Other key data include the German IFO reading for June and US durable goods orders. Corporate earnings are light, but in the UK defence firm Babcock and housebuilder Berkeley are highlights, while in the US FedEx reports, a useful bellwether on the economy.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
1.30pm – Canada inflation (May): prices expected to rise 2.9% YoY and 0.6% MoM, from 2.8% and 0.4% respectively. Markets to watch: CAD crosses
1.30am – Japan PMIs (June, flash): manufacturing activity to fall to 53.6 from 54.5. Markets to watch: JPY crosses
8.30am – German PMIs (June, flash): manufacturing activity forecast to slip into contraction territory at 49, down from 50.1. Markets to watch: EUR crosses
9.30am – UK PMIs (June, flash): manufacturing PMI expected to fall to 53.4 from 53.9, and services to rise to 51.9 from 49.3, moving back into expansion. Markets to watch: GBP crosses
2.45pm – US PMIs (June, flash): services PMI expected to fall to 50.4 from 50.7, and manufacturing to fall to 54.5 from 55.1. Markets to watch: USD crosses
2.30am – Australia inflation (May): prices expected to rise by 4.9% YoY and 0.2% MoM, from 4.2% and 0.4% respectively. Markets to watch: AUD crosses
9am – German IFO business climate index (June): expected to fall to 84.2 from 84.9. Markets to watch: EUR crosses
3.30pm – US EIA crude oil inventories (w/e 19 June): stockpiles fell by 8.2 million barrels in the previous week. Markets to watch: Brent, WTI
1.30pm – US PCE price index (May), durable goods orders (May), initial jobless claims (w/e 20 June): core PCE expected to be 0.2% MoM, durable goods orders forecast to fall 3.2%, and initial jobless claims expected to fall to 225K from 226K. Markets to watch: USD crosses
None
Monday
1.30pm – Canada inflation (May): prices expected to rise 2.9% YoY and 0.6% MoM, from 2.8% and 0.4% respectively. Markets to watch: CAD crosses
Tuesday
1.30am – Japan PMIs (June, flash): manufacturing activity to fall to 53.6 from 54.5. Markets to watch: JPY crosses
8.30am – German PMIs (June, flash): manufacturing activity forecast to slip into contraction territory at 49, down from 50.1. Markets to watch: EUR crosses
9.30am – UK PMIs (June, flash): manufacturing PMI expected to fall to 53.4 from 53.9, and services to rise to 51.9 from 49.3, moving back into expansion. Markets to watch: GBP crosses
2.45pm – US PMIs (June, flash): services PMI expected to fall to 50.4 from 50.7, and manufacturing to fall to 54.5 from 55.1. Markets to watch: USD crosses
Wednesday
2.30am – Australia inflation (May): prices expected to rise by 4.9% YoY and 0.2% MoM, from 4.2% and 0.4% respectively. Markets to watch: AUD crosses
9am – German IFO business climate index (June): expected to fall to 84.2 from 84.9. Markets to watch: EUR crosses
3.30pm – US EIA crude oil inventories (w/e 19 June): stockpiles fell by 8.2 million barrels in the previous week. Markets to watch: Brent, WTI
Thursday
1.30pm – US PCE price index (May), durable goods orders (May), initial jobless claims (w/e 20 June): core PCE expected to be 0.2% MoM, durable goods orders forecast to fall 3.2%, and initial jobless claims expected to fall to 225K from 226K. Markets to watch: USD crosses
Friday
None
Company announcements
Dividends
FTSE ex-dividend dates (25th June):
FTSE 100: Int’l Cons Airlines, United Utilities, Lion Finance, Experian, Metlen Energy & Metals
FTSE 250: WAG payment solutions, Premier Foods, Hollywood Bowl, discoverIE
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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