Spread betting week ahead – Fed meeting and major earnings releases are the main focus

On the macro front, the big event is Wednesday’s Federal Reserve meeting. While policymakers are expected to leave rates unchanged, there is increasing speculation that upbeat US economic data makes the case for tightening this year stronger.

A Bank of Japan monetary policy meeting is scheduled for the Friday, with markets anticipating some kind of additional stimulus to be announced.

We also have advanced Q2 GDP data for the UK, US and Eurozone, offering an insight as to how these respective economies are progressing.

Among this week’s big earnings releases, quarterly reports from tech titans Apple, Amazon, Facebook and Google parent Alphabet catch the eye.

In the UK, the FTSE earnings season gets into full swing with updates from Anglo American, British American Tobacco, BT, BP and Diageo likely to dominate. Several big DAX constituents including Deutsche Bank and Bayer are also set to report earnings.

 

Economic Calendar

(All times are BST)

Monday, July 25th

09:00 – German Ifo Business Climate

Tuesday, July 26th

Tentative – UK inflation report hearings

15:00 – US CB Consumer Confidence

Wednesday, July 27th

02:30 – Australia inflation data

09:30 – UK preliminary Q2 GDP data

13:30 – US Core Durable Goods Orders

15:00 – US crude oil inventories

19:00 – FOMC statement

Thursday, July 28th

13:30 – US unemployment claims

Friday, July 29th

Tentative – Bank of Japan monetary policy statement

09:00 – Euro area flash inflation data, GDP

13:30 – US advanced Q2 GDP data

Earnings Calendar

 

Monday, July 25th

Hammerson (HMSO) – S1/2016, EPS estimate 0.151

Tuesday, July 26th

Apple (AAPL) – Q3/2016, EPS estimate 1.386

BP (BP) – Q2/2016, EPS estimate 0.250

Caterpillar (CAT) - Q2/2016, EPS estimate 0.960

McDonald’s (MCD) – Q2/2016, EPS estimate 1.386

T-Mobile US (TMUS) – Q2/2016, EPS estimate 0.215

Valero Energy Corp (VLO) – Q2/2016, EPS estimate 1.110

Verizon (VZ) – Q2/2016

Wednesday, July 27th

ARM Holdings (ARM) – Q2/2016

BASF (BAS) – Q2/2016, EPS estimate 1.321

Bayer (BAYN) – Q2/2016, EPS estimate 2.018

Deutsche Bank (DBK) – Q2/2016, EPS estimate 0.490

Capita (CPI) - S1/2016, EPS estimate 0.332

Coca-Cola (KO) – Q2/2016, EPS estimate 0.584

Facebook (FB) – Q2/2016, EPS estimate 0.813

GlaxoSmithKline (GSK) – S1/2016

ITV (ITV) – S1/2016, EPS estimate 0.070

Mondelez (MDLZ) – Q2/2016, EPS estimate 0.401

Rightmove (RMV) – S1/2016

Taylor Wimpey (TW) – S1/2016

Thursday, July 28th

Alphabet (GOOG) – Q2/2016, EPS estimate 7.982

Amazon (AMZN) – Q2/2016, EPS estimate1.098

Anglo American (AAL) – S1/2016, EPS estimate 0.303

AstraZeneca (AZN) – S1/2016

Audi (NSU) – S1/2016

BAE Systems (BA) – S1/2016, EPS estimate 0.176

British American Tobacco (BATS) – S1/2016, EPS estimate 1.101

BT Group (BT) – Q1/2017, EPS estimate 0.060

Centrica (CAN) – S1/2016, EPS estimate 0.108

Diageo (DGE) – Y/2016, EPS estimate 0.880

Ford (F) – Q2/2016, EPS estimate 0.598

Lloyds Banking Group (LLOY) - S1/2016, EPS estimate 0.039

Sky (SKY) – Y/2016, EPS estimate 0.626

Friday, July 29th

Barclays (BARC) – S1/2016, EPS estimate 0.078

Foxtons (FOXT) – S1/2016

Pearson (PSON) – S1/2016, EPS estimate -0.006

Chevron (CVX) – Q2/2016, EPS estimate 0.324

Exxon Mobil (XOM) – Q2/2016, EPS estimate 0.637

(Sources: Bloomberg, CNBC)