CFDer er komplekse finansielle instrumenter og investeringer i disse innebærer høy risiko for å tape penger raskt, grunnet gearing. 71% av ikke-profesjonelle kunder taper penger når de handler i slike produkter med denne tilbyderen. Du bør vurdere om du forstår hvordan CFDer fungerer og om du har råd til å ta den høye risikoen for å tape pengene dine.

The week ahead: Jackson Hole symposium, Federal Reserve minutes, Target results

Chief Market Analyst Michael Hewson assesses this week's major market events.

See his week ahead video, the top events to watch, plus our key company earnings schedule. Michael looks ahead to the Jackson Hole symposium, the strength of the US dollar in the context of divergent monetary policy, as well as the latest Fed and ECB minutes. He also looks at the Turkish lira crisis, and the prospects for EUR/USD and GBP/USD.

Persimmon half-year results

Tuesday: At the end of the last financial year Persimmon's profit rose by 25%, prompting criticism over bumper payouts to senior management. The rise in profit was helped by a strong demand for new homes, although the recent slowdown in the UK housing market has started to weigh on the housebuilder’s share price. This could impact ongoing demand as buyers hold back in the wake of falling prices. The company's guidance is likely to be important against this backdrop, even if most of the slowdown is in London and the south-east where Persimmon has less exposure.

Federal Reserve minutes (July)

Wednesday: This week’s Fed minutes aren’t expected to offer much insight into how policymakers view the US economy. A September rate rise still seems a done deal, given that US policymakers upgraded their outlook for the economy earlier this month. With GDP forecasts already towards the higher end, investors will be looking for any evidence that policymakers are becoming uncomfortable with rising inflation expectations. 

Target Q2 results

Wednesday: The US retail sector has been through a significant adjustment phase in recent years. The growth of online shopping and Amazon have caused significant declines in footfall among big-box and out-of-town mall retailers. It does appear that US consumers are slowly starting to open their wallets again, and Wal-Mart’s results last week showed that the sector can still do well, despite changing consumer habits. This week’s update from Target is likely to be crucial in terms of its online offering and grocery business, given the heavy investment in these areas, after Q1 numbers missed expectations. At that update management reassured that its full-year guidance would still be met, despite ongoing challenges from lower margins.

ECB minutes (July)

Thursday: The minutes from the recent European Central Bank (ECB) governing council may shed some light on how deep divisions were regarding a possible rate rise next year. There had been a lot of speculation about what president Mario Draghi meant when he stated that interest rates would stay low ‘through the summer’. There were various interpretations as to whether we might get a rate rise at the beginning of Q3, or more towards the end of the quarter. Thursday's minutes could give an indication as to how contentious this was, and whether there were any concerns about the lack of pick-up in the wider economy after the slowdown in Q1. 

German and France flash PMIs

Thursday: Recent PMI data from France and Germany has been a bit of a mixed bag with French data showing few signs of a rebound in economic activity after a poor Q2 performance. Widespread industrial action across the whole of France appears to have caused significant economic disruption – services in particular are showing the biggest evidence of a slowdown. July’s numbers were weak and August’s numbers could also disappoint. German data has been slightly more resilient, with Q2 showing a strong rebound, despite softer PMI readings.

HP Q3 results

Thursday: At its most recent trading update HP managed to post decent revenues of $14bn, helped by strong sales of notebooks and desktops. Average selling prices were also higher. The acquisition of Samsung’s printer unit also contributed to the solid performance of HP’s printer division. This week’s Q3 update is expected to paint a similar picture after the company raised its guidance in May.  

Jackson Hole annual symposium

Thursday-Saturday: With the US Federal Reserve the only central bank on an aggressive tightening cycle, the rise in the US dollar is likely to pose significant challenges for US policymakers in the coming months. As this is Jerome Powell’s first symposium as Federal Reserve chief, markets will be looking for clues as to whether the recent currency crisis in emerging markets, and notably Turkey, is causing anxiety among US policymakers – especially at a time when they want to continue normalising rates.

Open a live account or log in to access the instruments shown in bold on the platform. Remember, your capital is at risk.

Index dividend schedule

Dividend payments from an index's constituent shares can affect your trading account. See this week's details

Selected UK & US company announcements

Monday 20 August Results

Estee Lauder (US) Q4

Tuesday 21 August Results

Coty (US) Q4

Daktronics (US) Q1

Empiric Student Property (UK) Half-year

Jack Henry & Associates (US) Q4

JM Smucker (US) Q1

John Wood (UK) Half-year

Keysight Technologies (US) Q3

Kohl's (US) Q2

La-Z-Boy (US) Q1

Myriad Genetics (US) Q4

Nordson (US) Q3

Persimmon (UK) Half-year

Premier (US) Q4

Pure Storage (US) Q2

Red Robin Gourmet Burgers (US) Q2

Regis (US) Q4

Seadrill Partners (UK) Q2

Super Micro Computer (US) Q4

TJX Cos (US) Q2

Toll Brothers (US) Q3

Tuesday Morning (US) Q4

Urban Outfitters (US) Q2

Wednesday 22 August Results

Analog Devices (US) Q3

Barnes & Noble Education (US) Q1

Costain Group (UK) Half-year

Foresight Solar Fund (UK) Q2

Hansteen Holdings (UK) Half-year

Headlam Group (UK) Half-year

L Brands (US) Q2

Lowe's Cos (US) Q2

Photronics (US) Q3

QAD (US) Q2 

Stein Mart (US) Q2

Synopsys (US) Q3

Target (US) Q2

Zayo Group Holdings (US) Q4

Thursday 23 August Results (US) Q4

Anglo Pacific Group (UK) Half-year

Autodesk (US) Q2

Cato (US) Q2

Citi Trends (US) Q2

Gap (US) Q2

Hormel Foods (US) Q3

HP (US) Q3

Intuit (US) Q4

John Laing Group (UK) Half-year

OneSavings Bank (UK) Half-year

Premier Oil (UK) Half-year

Ross Stores (US) Q2

Sanderson Farms (US) Q3

Splunk (US) Q2

Stage Stores (US) Q2

Toro (US) Q3

Veeva Systems (US) Q2

VMware (US) Q2

Friday 24 August Results

Buckle (US) Q2

Computacenter (UK) Half-year

Foot Locker (US) Q2

Hibbett Sports (US) Q2

Ubiquiti Networks (US) Q4

Company announcements are subject to change. All the events listed above were correct at the time of writing.

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.

CMC Markets er en ‘execution-only service’ leverandør. Dette materialet (uansett om det uttaler seg om meninger eller ikke) er kun til generell informasjon, og tar ikke hensyn til dine personlige forhold eller mål. Ingenting i dette materialet er (eller bør anses å være) økonomiske, investeringer eller andre råd som avhengighet bør plasseres på. Ingen mening gitt i materialet utgjør en anbefaling fra CMC Markets eller forfatteren om at en bestemt investering, sikkerhet, transaksjon eller investeringsstrategi. Denne informasjonen er ikke utarbeidet i samsvar med regelverket for investeringsanalyser. Selv om vi ikke uttrykkelig er forhindret fra å opptre før vi har gitt dette innholdet, prøver vi ikke å dra nytte av det før det blir formidlet.

Før du går..

Prøv CFD-handel med en kostnadsfri demokonto. Få tilgang til vår innovative handelsplattform og test strategien din med 100 000 fiktive kroner.