The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 2 September
Chris Beauchamp's insight
The week begins quietly with the US on holiday for Labor Day. However, US and China Purchasing Managers' Index's (PMIs) and then monthly US jobs data will mean that investors have plenty to monitor. Last month’s payrolls helped spark recession worries in the US, so this week’s figures will be of key importance to the market. Earnings are relatively sparse, though housebuilder Barratt Developments and equipment firm Ashtead will be of interest in the UK.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
Labor Day – US markets closed
2.45am – China Caixin PMI (August): index expected to drop to 49.6 from 49.8. Markets to watch: CNH crosses
3pm – US ISM manufacturing PMI (August): index expected to rise to 47.5 from 46.8. Markets to watch: USD crosses
2.30am – Australia gross domestic product (GDP) quarter 2 (Q2): growth forecast to be 0.3% quarter on quarter (QoQ) and 1.1% year-over-year (YoY). Markets to watch: AUD crosses
2.45am – China Caixin services PMI (August): expected to rise to 52.4 from 52.1. Markets to watch: CNH crosses
2.45pm – Bank of Canada rate decision: rates forecast to be held at 4.5%. Markets to watch: CAD crosses
1.15pm – US ADP employment report (August): payrolls expected to rise by 115K, down from 122K. Markets to watch: USD crosses
1.30pm – US initial jobless claims (w/e 31 August): claims to rise to 247K from 231K. Markets to watch: USD crosses
3pm – US ISM services PMI (August): index forecast to fall to 51.2 from 51.4. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 30 August): Markets to watch: Brent, WTI
1.30pm – US non-farm payrolls (August): payrolls forecast to rise by 100K from last month’s 114K, while the unemployment rate is expected to hold at 4.3%. Average hourly earnings to rise 0.2% month on month (MoM) and 3.6% YoY, in line with last month. Markets to watch: US indices, USD crosses
1.30pm – Canada employment data (August): unemployment rate to hold at 6.4%. Markets to watch: CAD crosses
3pm – Canada Ivey PMI (August): index expected to rise to 57.9 from 57.6. Markets to watch: CAD crosses
Monday
Labor Day – US markets closed
2.45am – China Caixin PMI (August): index expected to drop to 49.6 from 49.8. Markets to watch: CNH crosses
Tuesday
3pm – US ISM manufacturing PMI (August): index expected to rise to 47.5 from 46.8. Markets to watch: USD crosses
Wednesday
2.30am – Australia GDP (Q2): growth forecast to be 0.3% QoQ and 1.1% YoY. Markets to watch: AUD crosses
2.45am – China Caixin services PMI (August): expected to rise to 52.4 from 52.1. Markets to watch: CNH crosses
2.45pm – Bank of Canada rate decision: rates forecast to be held at 4.5%. Markets to watch: CAD crosses
Thursday
1.15pm – US ADP employment report (August): payrolls expected to rise by 115K, down from 122K. Markets to watch: USD crosses
1.30pm – US initial jobless claims (w/e 31 August): claims to rise to 247K from 231K. Markets to watch: USD crosses
3pm – US ISM services PMI (August): index forecast to fall to 51.2 from 51.4. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 30 August): Markets to watch: Brent, WTI
Friday
1.30pm – US non-farm payrolls (August): payrolls forecast to rise by 100K from last month’s 114K, while the unemployment rate is expected to hold at 4.3%. Average hourly earnings to rise 0.2% MoM and 3.6% YoY, in line with last month. Markets to watch: US indices, USD crosses
1.30pm – Canada employment data (August): unemployment rate to hold at 6.4%. Markets to watch: CAD crosses
3pm – Canada Ivey PMI (August): index expected to rise to 57.9 from 57.6. Markets to watch: CAD crosses
Company announcements
|
Monday |
Tuesday 3 September |
Wednesday 4 September |
Thursday 5 September |
Friday 6 September |
Full-year earnings |
Barratt Developments | Ashmore |
|
||
Half/ Quarterly earnings |
Ashtead | Direct Line, Hewlett Packard Enterprise |
Vistry, Enquest Broadcom |
|
|
Trading update* |
Ryanair, Wizz Air |
|
Dividends
FTSE 100: DS Smith, Croda, Int’l Cons Airlines, Aviva, Admiral, Antofagasta, Prudential
FTSE 250: Greggs, Rathbones, Int’l Workspace, Derwent London, JLEN, Empiric Student Property, Ithaca Energy, Assura
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 2 September |
Tuesday 3 September |
Wednesday 4 September |
Thursday 5 September |
Friday 6 September |
Monday 9 September |
FTSE 100 | 4.10 | 0.7 | ||||
Australia 200 | 10.0 | 7.9 | 8.9 | 0.4 | 4.2 | 0.6 |
Wall Street | 13.4 | 6.9 | ||||
US 500 | 0.56 | 0.23 | 0.20 | 0.68 | 0.58 | 0.15 |
Nasdaq | 0.60 | 0.96 | 1.25 | 2.85 | 1.17 | 0.16 |
Netherlands 25 | 0.22 | |||||
EU Stocks 50 | ||||||
China H-Shares | 0.6 | 7.2 | 3.7 | 3.5 | 1.5 | |
Singapore Blue Chip | ||||||
Hong Kong HS50 | 13.4 | 13.7 | 8.1 | 8.1 | 7.8 | 4.3 |
South Africa 40 | 63.1 | |||||
Italy 40 | ||||||
Japan 225 |
* 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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