Week commencing 4 September
Chris Beauchamp's insight
US Labor Day ensures a quieter start to the week, but rate decisions from the Australian and Canadian central banks and the US ISM services purchasing managers index (PMI) will be worth watching later on. UK corporate news dominates, including earnings from Ashtead and Barratt Developments.
Labor Day – US markets closed
7am – German trade balance (July): surplus to rise to €19.1 billion. Markets to watch: EUR crosses
2.45am – China Caixin services PMI (August): expected to fall to 54 from 54.1. Markets to watch: CNH crosses
5.30am – RBA rate decision: rates expected to remain at 4.1%. Markets to watch: AUD crosses
3pm – US factory orders (July): orders to rise 0.1% MoM. Markets to watch: USD crosses
2.30am – Australia GDP (Q2): growth to be 0.2% QoQ and 1.5% YoY. Markets to watch: AUD crosses
9.30am – UK construction PMI (August): expected to fall to 51.2 from 51.7. Markets to watch: GBP crosses
1.30pm – US trade balance (July): deficit to increase to $68 billion. Markets to watch: USD crosses
3pm – US ISM services PMI (August): forecast to fall to 52.4 from 52.7. Markets to watch: USD crosses
3pm – Bank of Canada rate decision: rates expected to hold at 5%. Markets to watch: CAD crosses
4am – China trade balance (August): exports to fall 10%, a an improvement on July’s 14.5% drop. Markets to watch: China indices, CNH crosses
1.30pm – US initial jobless claims (w/e 2 September): claims to fall to 239,000. Markets to watch: USD crosses
3pm – Canada Ivey PMI (August): previous reading 48.6. Markets to watch: CAD crosses
4pm – EIA crude oil inventories (w/e 1 September): stockpiles fell by 10.6 million barrels in the previous week. Markets to watch: Brent, WTI
1.30pm – Canada employment data (August): unemployment rate to hold at 5.5%. Markets to watch: CAD crosses
FTSE 100: DS Smith, Admiral, Prudential
FTSE 250: Baltic Classifieds, Greggs, Serco, CLS Holdings, Derwent London, TBC Bank Group, Empiric Student Property, Harbour 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.
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