What's happening this week? - Markets & News - The Share Centre

Please remember: Our website can help you make informed decisions, not provide personalised advice. If your investments fall in value, you could lose money.
Tax allowances and the benefits of tax-efficient accounts could change.

Market Report: 24 April 2017

Apart from the political highlights last week, the surprising UK election call that led to the FTSE 100’s seven week low and the French presidential election, traders also paid attention to several economic releases worldwide.

World’s second biggest economy, China, expanded steadily in Q1 which contributed to a GDP growth of 6.9% year-over-year. Industrial production increased by 7.6% compared to March last year, higher than the market consensus. Strong manufacturing and output in utilities were the driving force behind that figure. Retail sales also rose higher than expected. The actual result of 10.9% year-on-year increase is well above the analysts’ forecast of 9.7%, boosted significantly by strong car sales data.

US Industrial Production increased 0.5% in March, which is slightly higher than the forecast and mainly driven by high utility output as a result of unusual weather conditions. The latest EU inflation figures, released by Eurostat on Wednesday, went in line with the economists’ estimates. EU Consumer Price Index rose 0.8% in March and 1.5% on annual basis.   

Manufacturing in the Eurozone was robust in April and went up to 56.8, showing the largest increase in new orders since March 2011. In the UK, Retail Sales dropped much sharper than expected, even after the positive revision in February. Overall sales decreased down to -1.8% in March. This trend is in line with the reports that retail companies announced recently. The year-on-year also dropped drastically, from 3.7% down to 1.7%.  

As this week will be limited in terms of economic announcements, investors will focus primarily on GDP data releases. On Thursday, the European Commission will release its latest update on the economic sentiment in the EU and the Eurozone. Analysts expect that confidence dropped slightly in April down to 107.5 from 107.9 in April.

On Friday, the Q1 UK GDP numbers will be launched. Economists expect a slowdown in economic growth and set a consensus of 0.5%. The year-over-year estimate is 2.2%. Higher EU inflation figures for April are also expected. The year-on-year market consensus is set at 1.8%, while in March it was 1.5%. In the US, preliminary figures for Q1 GDP will be released. Analysts expect quarter-over-quarter growth of 1.7% and 2.1% increase compared to Q1 2016.

Author: Helal Miah, Investment Research Analyst

The Week Ahead

Important economic releases & events this week:

Date Country Event Period Consensus Prior
Thu JP BoJ Monetary Base Target change APR   ¥80.0T
Thu JP Japan Policy Rate   -0.10% -0.10%
Thu JP Trade Balance 1st 10-Day NSA APR   -¥56.9B
Thu JP Export NSA Y/Y (Final) MAR 12.0% 12.0%
Thu JP Import NSA Y/Y (Final) MAR 15.8% 15.8%
Thu JP Trade Balance NSA (Final) MAR ¥614.7T ¥0.61T
Thu EUZ Consumer Confidence Indicator (Final) APR -3.6 -3.6
Thu EUZ Economic Confidence Indicator APR 107.5 107.9
Thu EUZ Industrial Confidence Indicator APR 1.0 1.2
Thu EUZ Services Confidence Indicator SA APR 12.5 12.7
Thu EUZ ECB Refi Rate   0.0% 0.0%
Fri JP CPI Core Y/Y MAR   -0.10% R
Fri JP CPI National NSA Y/Y MAR 0.25% 0.30%
Fri JP Unemployment Rate MAR 2.8% 2.8%
Fri JP Real Wages MAR   0.70%
Fri JP Industrial Production SA M/M (Preliminary) MAR -1.0% 3.2%
Fri JP Industrial Production M/M (Preliminary) MAR   4.7%
Fri JP Retail Sales NSA Y/Y (Preliminary) MAR 1.5% 0.20%
Fri UK GDP SA Q/Q (Preliminary) Q1 0.50% 0.70%
Fri UK GDP SA Y/Y (Preliminary) Q1 2.2% 1.9%
Fri EUZ CPI Core NSA Y/Y (Flash) APR 0.90% 0.70%
Fri EUZ CPI EU Harmonized Y/Y (Flash) APR 1.8% 1.5%
Fri US GDP Chain Price SA Y/Y (First Preliminary) Q1 2.0% 1.6%
Fri US GDP SAAR Q/Q (First Preliminary) Q1 1.7% 2.1%
Fri US GDP SA Y/Y (First Preliminary) Q1 2.1% 2.0%

Companies reporting this week:

Date Ticker Company Name Event Type Event Description
Mon AAL-GB Anglo American Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Production Report
Tue STJ-GB St. James's Place Plc Confirmed Releases Q1 2017 Sales and Revenue Release
Tue WTB-GB Whitbread Plc Confirmed Releases Q4 2017 Earnings Release - Preliminary
Tue BLT-GB BHP Billiton Plc Confirmed Releases March 2017 Sales and Revenue Release - Operational Review
Wed ANTO-GB Antofagasta Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Production Report
Wed CRDA-GB Croda International Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Wed FRES-GB Fresnillo Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Production Report
Wed LSE-GB London Stock Exchange Group Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Interim Management Statement
Wed TLW-GB Tullow Oil Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Wed CRH-GB CRH Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Wed GKN-GB GKN Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Wed STAN-GB Standard Chartered Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Interim Management Statement
Wed GSK-GB GlaxoSmithKline Plc Confirmed Releases Q1 2017 Earnings Release
Thu HWDN-GB Howden Joinery Group Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Thu LLOY-GB Lloyds Banking Group Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Interim Management Statement
Thu MGGT-GB Meggitt Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Thu PSN-GB Persimmon Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Thu SDR-GB Schroders Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Interim Management Statement
Thu TPK-GB Travis Perkins Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Thu WPP-GB WPP Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Statement
Thu TW-GB Taylor Wimpey Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Statement
Fri LRD-GB Laird Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Trading Update
Fri BARC-GB Barclays Plc Confirmed Releases Q1 2017 Earnings Release
Fri RBS-GB Royal Bank of Scotland Group Plc Confirmed Releases Q1 2017 Sales and Revenue Release - Interim Management Statement

Author: Helal Miah, Investment Research Analyst

Glossary

PMI: Purchasing Managers Index

CPI: Consumer Price Index

GDP: Gross Domestic Product

BOE: Bank of England

ECB: European Central Bank

FOMC: Federal Open Market Committee

BOJ: Bank of Japan

ISM: Institute for Supply Management

free trial

free trial

Share tips, Practice Account, guides, market data and more.