View our top seven events to look out for this week (10-14 July), plus our key company earnings schedule.
What will UK jobs and earnings data reveal about the economy?
Our UK Market Analyst, David Madden, looks ahead to UK unemployment and earnings figures, and their potential effects on the pound and FTSE 100, as well as looking at USD/CAD and Gold.
Will Chinese inflation continue to rise?
Monday: The cost of living in China has been rising for the past three months. With food and energy prices having weakened recently, the increase in the consumer price index indicates an increase in consumerism. What will the latest CPI data reveal?
Can Robert Walters keep up the good work?
Wednesday: The specialist recruitment company’s first-half figures will be closely watched following last year’s record 26% pre-tax profit jump to £281.1 million. Robert Walters derives most of its revenue from the UK, so the founder and CEO is cautious about the political uncertainty around Brexit. However, the firm operates in 27 other countries too, so investors will be looking for global performance.
UK jobs and average earnings data due
Wednesday: The UK’s low unemployment rate is impressive, but dwindling earnings growth is concerning, especially when you consider the rising inflation rate. The decline in disposable income for the British public could have a negative impact on the economy.
Will the Bank of Canada hike rates?
Wednesday: Traders are expecting Canada’s central bank to increase interest rates for the first time since 2010, from 0.5% to 0.75%. Will they be proved right on Thursday, and if so, what are the implications for the Canadian economy?
Will US banks be laughing all the way to the bank?
Friday: JPMorgan, Citigroup and Wells Fargo reveal second-quarter figures on Friday. All three banks increased their capital return to shareholders when they passed the Federal Reserve’s second-round stress test last month. The higher interest-rate environment should improve their profitability.
US CPI a barometer of consumer demand
Friday: The consumer price index, and core CPI in particular, is a good gauge of consumer demand, and Federal Reserve chair Janet Yellen says the Fed is more interested in solid economic growth rather than weak inflation. The US central bank wants to continue down the path of monetary tightening.
Index dividend schedule
If you trade indices, dividend payments from an index's constituent shares can result in either a credit or debit to your account. View this week's indices dividend drop points table
Selected UK & US company earnings schedule
|Monday 10 July||Results|
|Barracuda Networks (US)||Q1|
|Helen of Troy (US)||Q1|
|VOXX International (US)||Q1|
|Tuesday 11 July||Results|
|AAR Corp (US)||Q4|
|Low & Bonar PLC (UK)||Half-year|
|Polar Capital Global Financials Trust (UK)||Q2|
|Wednesday 12 July||Results|
|Bank of the Ozarks (US)||Q2|
|Barnes & Noble Education (US)||Q4|
|Micro Focus International (UK)||Full-year|
|MSC Industrial Direct (US)||Q3|
|Robert Walters (UK)||Half-year|
|Thursday 13 July||Results|
|Commerce Bancshares (US)||Q2|
|Dart Group (UK)||Full-year|
|Friday 14 July||Results|
|Allianz Technology Trust (UK)||Q2|
|First Republic Bank (US)||Q2|
|JPMorgan Chase (US)||Q2|
|PNC Financial Services Group (US)||Q2|
|Wells Fargo (US)||Q2|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.