David Papier, Head of Sales.


Last week was relatively calm in the markets, dare we say a touch uneventful. However, having apparently avoided the old adage of ‘Sell in May’, we are now moving into one of the most action-packed weeks of the year so far.

From the UK we get valuable measures of the economy in the form of Manufacturing Production data on Monday, average earnings the following day, and the all-important inflation data, known as the Consumer Price Index, on Wednesday. Sterling is currently trading just over 1% from the lowest level it’s been this year so the CPI data will be key to see if a strong number could provide support.

Over in the US the Dollar has arguably been the strongest currency in recent weeks and traders will be looking to the Federal Reserve to cement the dominance of the greenback, kicking off with CPI inflation data on Tuesday. The Central Bank will be stealing the spotlight on Wednesday evening as they set the latest interest rates, followed by a press conference in which they will face heavy questioning about the continued pace of rate hikes to come.

Spread_Betting

Moving to Asia, where China will publish their latest GDP figures in the early hours of Wednesday morning. The release is well known to impact the markets as China is the largest consumer of construction metals in the world. In Currencies, the Yen is one to watch overnight between Thursday and Friday, as the Bank of Japan updates markets on interest rates followed by a press conference before sunrise in Europe.

If you follow the European markets then the end of the week is all for you. The Swiss National Bank is due to make an announcement on interest rates at a press conference on Thursday, so keep your eyes on the Swiss franc during the morning. The afternoon sees a switch in focus to the Euro as the European Central Bank also announce their latest interest rates. This will be followed by their potentially more influential monetary policy statement at a press conference in the early evening. The heavily monitored Eurozone CPI data is due on Friday morning at 10 am (BST) rounding up the week in Europe.

And as if that was not enough, there happens to be a historical meeting between President Trump and North Korean leader Kim Jong Un scheduled to take place on Tuesday the 12th June. Will we see a press pleasing handshake between the leaders, or will they fall out of bed over sanctions and nuclear disarmament?

It’s fair to say there’s something for everyone this week and no doubt traders across the globe will be glued to their platforms throughout.


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Economic Calendar

(All times are in BST)



Monday, 11th June

00:50 JPN Manufacturing Orders MoM
00:50 JPN Manufacturing Orders YoY
03:00 CN Broad Money M2
03:00 CN Money and Lending New Yuan Loans
09:30 UK Industrial Production Manufacturing Output MoM

Tuesday, 12th June

00:50 JPN Corporate Good Price Index MoM
00:50 JPN Corporate Good Price Index MoM
02:30 AUD Housing Finance Mortgage Lending
09:30 UK Employment ILO Unemployment Rate
09:30 UK Employment Unemployment Claimants Change
10:00 DE ZEW Business Confidence –Current Conditions
10:00 DE ZEW Business Confidence –Economic Sentiment
13:30 US CPI MoM
19:00 US FOMC Policy Decision rate

Wednesday, 13th June

09:30 UK CPI YoY
17:00 EIA Crude Oil Stocks Net Change

Thursday, 14th June

02:30 AUD Employment – Total
02:30 AUD Employment Rate
03:00 CN Activity Indicator Urban Investment YoY
03:00 CN Industrial Production YoY
03:00 CN Retail Sales YoY
07:00 DE CPI EU Harmonised Final YoY
09:30 UK Retail Sales MoM
09:30 UK Retail Sales YoY
12:45 EU Interest Rate Announcements ECB Refinancing Rates
13:30 US Employment Claims WoW
13:30 US Retails Sales MoM

Friday, 15th June

10:00 EU CPI Final MoM
10:00 EU CPI Final YoY
14:15 US Industrial Production Output MoM
15:00 US Consumer Sentiment Survey



Corporate Calendar



Monday, 11th June

No High Impact Results

Tuesday, 12th June

British American Tobacco – Trading Statement
Bellway Plc – Trading Statement
Ted Baker – Trading Statement
Crest Nicholson Holdings Plc – Interim Results

Wednesday, 13th June

Norcross Plc – Final Results
Evgen Pharma Plc – Final Results
Redhall Group – Interim Results

Thursday, 14th June

Aveva Group – Final Results
Majestic Wine – Final Results
Consort Medical - Final Results
Salesforce Holdings – Interim Results
PZ Cussons Plc – Trading Statement

Ex-dividend 

3i Infrastructure Ltd [3IN] (3.93 p)
Assura Group Ltd [AGR] (0.66 p)
Acorn Income Fund Ltd [AIF] (4.95 p)
Aberdeen Japan Investment Trust [AJIT] (5.2 p)
Applegreen Plc [APGN] (0.01 EUR)
Alliance Pharma PLC [APH] (0.89 p)
Hollywood Bowl Group Plc [BOWL] (2.03 p)
British Empire Trust PLC [BTEM] (2 p)
Camellia PLC [CAM] (98 p)
Capital Gearing Trust Plc [CGT] (27 p)
Dillistone Group PLC [DSG] (0.5 p)
Electrocomponents PLC [ECM] (8 p)
Forterra Plc [FORT] (6.4 p)
Helical Bar PLC [HLCL] (7 p)
HMS Hydraulic Machines & Systems Grp [HMSG] (0.55 USD)
Harvey Nash Group PLC [HVN] (2.65 p)
Intermediate Capital Group PLC [ICP] (21 p)
3i Group PLC [III] (22 p)
Keystone Law Group Plc Ord 0.2p [KEYS] (0.84 p)
Mediclinic International Plc [MDC] (4.7 p)
Mears Group PLC [MER] (8.55 p)
Mucklow (A & J)
Group PLC [MKLW] (5.09 p)
New Century AIM VCT 2 [NCA2] (3.3 p)
Nexus Infrastructure Plc [NEXS] (2.2 p)
NMC Health PLC [NMC] (13 p)
Orchard Funding Group Plc [ORCH] (1 p)
Pets At Home Group Plc [PETS] (5 p)
Persimmon PLC [PSN] (110 p)
RHI Magnesita NV [RHIM] (0.75 EUR)
Shaftesbury [SHB] (8.3 p)
Stobart Group Ltd [STOB] (4.5 p)
S & U PLC [SUS] (45 p)
Severn Trent PLC [SVT] (51.92 p)
TCS Group Holding Plc [TCS] (0.24 USD)
TCS Group Holding Plc [TCSA] (0.24 USD)
Triple Point Vct 2011 Plc A [TPOA] (2.75 p)
WPP Group PLC [WPP] (37.3 p)
XP Power Ltd [XPP] (16 p)

Friday 15th May

G3 Exploration Ltd – Final Results
Volex Group Plc – Final Results

Sources: Bloomberg/Companies

 

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