The Week Ahead
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Week commencing 23 September
Chris Beauchamp's insight
After the excitement around last week’s Federal Reserve bank (Fed) decision, this week is expected to be calmer. Global purchasing managers index's (PMIs) on Monday and a speech from Jerome Powell are the main economic events to watch, while earnings reports are still thin on the ground.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
8.30am – German PMI (September, flash): manufacturing PMI expected to fall to 42.1 from 42.4. Markets to watch: EUR crosses
9.30am – UK PMI (September, flash): services PMI forecast to fall to 53 from 53.7, while manufacturing to fall to 51.9 from 52.5. Markets to watch: GBP crosses
1.30pm – US Chicago nat’l activity index (August): previous reading -0.34. Markets to watch: USD crosses
2.45pm – US PMI (September, flash): manufacturing PMI expected to rise to 48 from 47.9, services PMI forecast to fall to 54 from 55.7. Markets to watch: USD crosses
5.30am – RBA rate decision: rates expected to be held at 4.35%. Markets to watch: AUD crosses
9am – German IFO index (September): business climate index expected to fall to 86.3 from 86.6. Markets to watch: EUR crosses
3pm – US consumer confidence (September): index expected to rise to 104 from 103.3. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 20 Sept): previous week saw a fall of 1.6 million barrels. Markets to watch: Brent, WTI
1.30pm – US durable goods orders (August), initial jobless claims: durable goods orders expected to fall 0.1% excluding transportation orders, from -0.2%. Claims to rise to 222K from 219K. Markets to watch: US indices, USD crosses
2.20pm – Fed chair Jerome Powell to speak. Markets to watch: US indices, USD crosses
3pm – US pending home sales (August): expected to rise 1.2% Month on month (MoM).
8.55am – German unemployment (September): unemployment rate expected to hold at 6%. Markets to watch: EUR crosses
1.30pm – US PCE price index (August): prices expected to rise 0.2% MoM and 2.4% Year-over-year (YoY), from 0.2% and 2.5%. Core PCE to hold at 0.2% MoM. Markets to watch: USD crosses
Monday
8.30am – German PMI (September, flash): manufacturing PMI expected to fall to 42.1 from 42.4. Markets to watch: EUR crosses
9.30am – UK PMI (September, flash): services PMI forecast to fall to 53 from 53.7, while manufacturing to fall to 51.9 from 52.5. Markets to watch: GBP crosses
1.30pm – US Chicago nat’l activity index (August): previous reading -0.34. Markets to watch: USD crosses
2.45pm – US PMI (September, flash): manufacturing PMI expected to rise to 48 from 47.9, services PMI forecast to fall to 54 from 55.7. Markets to watch: USD crosses
Tuesday
5.30am – RBA rate decision: rates expected to be held at 4.35%. Markets to watch: AUD crosses
9am – German IFO index (September): business climate index expected to fall to 86.3 from 86.6. Markets to watch: EUR crosses
3pm – US consumer confidence (September): index expected to rise to 104 from 103.3. Markets to watch: USD crosses
Wednesday
3.30pm – US EIA crude oil inventories (w/e 20 Sept): previous week saw a fall of 1.6 million barrels. Markets to watch: Brent, WTI
Thursday
1.30pm – US durable goods orders (August), initial jobless claims: durable goods orders expected to fall 0.1% excluding transportation orders, from -0.2%. Claims to rise to 222K from 219K. Markets to watch: US indices, USD crosses
2.20pm – Fed chair Jerome Powell to speak. Markets to watch: US indices, USD crosses
3pm – US pending home sales (August): expected to rise 1.2% MoM.
Friday
8.55am – German unemployment (September): unemployment rate expected to hold at 6%. Markets to watch: EUR crosses
1.30pm – US PCE price index (August): prices expected to rise 0.2% MoM and 2.4% YoY, from 0.2% and 2.5%. Core PCE to hold at 0.2% MoM. Markets to watch: USD crosses
Company announcements
|
Monday |
Tuesday 24 September |
Wednesday 25 September |
Thursday 26 September |
Friday 27 September |
Full-year earnings |
Smiths | DFS Furniture |
|
||
Half/ Quarterly earnings |
AG Barr | Micron Technology | H&M, Costco |
|
|
Trading update* |
TUI , Sthree |
|
Dividends
FTSE 100: British American Tobacco, Rightmove, Barratt Developments
FTSE 250: Breedon, Bank of Georgia, Alfa Financial, Computacenter, HgCapital, JTC, Petershill, Law Debenture
Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.
Index adjustments
|
Monday 23 September |
Tuesday 24 September |
Wednesday 25 September |
Thursday 26 September |
Friday 27 September |
Monday 30 September |
FTSE 100 | 5.53 | |||||
Australia 200 | 0.8 | 0.0 | 0.1 | 0.3 | 0.2 | |
Wall Street | ||||||
US 500 | 0.03 | 0.03 | 0.35 | 0.19 | 0.54 | 0.17 |
Nasdaq | 0.41 | 0.83 | ||||
Netherlands 25 | 0.14 | |||||
EU Stocks 50 | 2.7 | |||||
China H-Shares | ||||||
Singapore Blue Chip | ||||||
Hong Kong HS50 | 1.8 | |||||
South Africa 40 | 153.0 | |||||
Italy 40 | ||||||
Japan 225 | 264.5 |
* 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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Fast execution on a huge range of markets
Enjoy flexible access to 17,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service