Week Ahead

Plan your strategies for the trading week ahead with key insights from our team.

CFD trading is high risk and may not be suitable for everyone.
NFP, Brexit, government shutdown & tech

This is LCG’s preview for the week starting December 4th 2017. There is no video this week so please continuing reading for the full written preview.

 

Tech wreck to fade?

Recent experience suggests the big sell off in the Nasdaq index thanks to falling technology company shares will probably fade next week. If it doesn’t it poses a risk to the bull market in 2018.

 


US government shutdown

The White House does not expect a government shutdown when the deadline on the debt ceiling extension expires on Friday. The Dow hitting 24k for the first time indicate markets think the same, which suggests a more adverse reaction in the unlikely event it happens.

 

Non-farm payrolls

The November NFP report follows a strong US GDP print of 3.3% in Q3. A solid result should be dollar-positive since it would add pressure to the Fed to continue its gradual rate rises in 2018. Expectations are for 185k following last month’s 256k jobs created.

 

Post-OPEC meeting blues?

Markets had already priced in last week’s oil output cut extension through 2018. Moving forward a downside risk is that attention shifts to stretched positioning and overbought price levels in oil futures.

 

German mission for a coalition

We suspect the SPD will probably join Merkel’s CSU/CDU for another ‘Grand Coalition’ in talks next week to try and form the next German government. That should remove any political ‘discount’ from the DAX index.

 

Brexit: Theresa & Jen-Claude meet

It’s hard to see any positive impetus for the pound from a meeting between UK PM Theresa May and Jean-Claude Juncker on Monday. The Irish issue will probably prevent Brexit talks moving onto “the future relationship” this year.

 

US tax cuts edging closer

A few deficit hawks need to be placated first but John McCain lending his support for the Congressional tax plan means President Donald Trump should be able to sign-off on stock market friendly tax cuts by the end of the year.

 

Data could stir more China volatility

Services PMI, forex reserves and trade balance data could stir up more volatility in Chinese markets. Deleveraging and a crackdown on wealth management products sent Chinese stocks to a 3-month low last week.

 

Earnings

 

Name

Date

Description

Domicile

Standard Life Aberdeen PLC

12/04/2017

Y 2017 Earnings Release

BRITAIN

GW Pharmaceuticals PLC

12/04/2017

Y 2017 Earnings Release

BRITAIN

AutoZone Inc

12/05/2017

Q1 2018 Earnings Release

UNITED STATES

Northgate PLC

12/05/2017

S1 2018 Earnings Release

BRITAIN

iomart Group PLC

12/05/2017

S1 2018 Earnings Release

BRITAIN

Victrex PLC

12/05/2017

Y 2017 Earnings Release

BRITAIN

American Eagle Outfitters Inc

12/06/2017

Q3 2018 Earnings Release

UNITED STATES

Broadcom Ltd

12/06/2017

Q4 2017 Earnings Release

UNITED STATES

Lululemon Athletica Inc

12/06/2017

Q3 2018 Earnings Release

CANADA

Numis Corp PLC

12/06/2017

Y 2017 Earnings Release

BRITAIN

Mulberry Group PLC

12/06/2017

S1 2018 Earnings Release

BRITAIN

Stagecoach Group PLC

12/06/2017

S1 2018 Earnings Release

BRITAIN

Utilitywise PLC

12/06/2017

Y 2017 Earnings Release

BRITAIN

Dollar General Corp

12/07/2017

Q3 2018 Earnings Release

UNITED STATES

Finisar Corp

12/07/2017

Q2 2018 Earnings Release

UNITED STATES

Clipper Logistics PLC

12/07/2017

SA1 2018 Earnings Release

BRITAIN

DS Smith PLC

12/07/2017

S1 2018 Earnings Release

BRITAIN

Berkeley Group PLC

12/08/2017

S1 2018 Earnings Release

BRITAIN

 

 





























Economic data

 

Highlights include the US employment report, the RBA and BOC rate decisions, Eurozone GDP and trade data from China, Europe, the US and the UK.

 

See the full economic calendar here:

https://www.lcg.com/analysis-education/economic-calendar/#/calendar


Thank you for reading and good luck trading this week


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