The Coming Week 11-15.5.15

The Coming Week 11-15.5.15

The Coming Week 11-15.5.15

Conservatives win in UK election, markets feeling positive

A Tory win usually spells strength for the stock market and last week’s results can definitely be qualified as a success for them. The FTSE registered some , but what is more interesting is the long-term impact of their new-look government and the potential vote on remaining in the EU.

Adding to the positive impact were the bad Non-farm payrolls (in a reverse way) that were perceived as indicators of a delay for a rate hike from the Fed. And we know markets like rate levels to be low.

There are still some large companies left to report their earnings for this week – Cisco, Deutsche post, SABMiller, Telefonica, Carlsberg and ThyssenKrupp.

 

Monday 11.5.15 – A Eurogroup meeting again focused on Greece will take place on the first day of the week. Will they, won’t they agree some sort of a deal. Markets still seem to shudder when there’s bad news, so you might watch for developments here.

Britain’s Official Bank Rate will be announced at 11:00am GMT, a more bullish announcement of a change (if there is a change at all) might be fanned by the winds of the election results.

Tuesday 12.5.15 – A calm Asian session in terms of announcements, but the Australian Annual Budget will be announced at 9:30am GMT. Before that, at 8:30am GMT the month over month data for Manufacturing Production for the UK will be released.

The other noteworthy announcement during the day will be from New Zealand at 9:00pm GMT when their Central Bank will release the so-called Financial Stability Report, followed by a speech from Governor Wheeler.

Wednesday 13.5.15 – The busiest day packed with data announcements for all three trading sessions. Chinese Industrial Production at 5:30am GMT will provide more clarity on the speed of their economy’s slowdown.

Europe’s dayn will start with German Preliminary GDP data at 6:00am GMT and will be followed by two numbers from the UK – the Average Earnings Index at 8:30am GMT and Governor Carney’s speech at 9:30am GMT.

The American session will also have important data released with the US Core Retail Sales at 12:30pm GMT.

Thursday 14.5.15 – Bank holiday for most of continental Europe, Switzerland, France and Germany, limiting the number of important announcements to the 12:30pm GMT PPI and Unemployment claims data from the US.

Friday 15.5.15 – Just two planned announcement for the day, Canada’s Manufacturing Sales come out at 12:30pm GMT and 2:00pm GMT sees the Preliminary UoM Consumer Sentiment for the US.

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Here are our longer reads from last week:

How do banks react to a Tory win in the UK elections? (The Telegraph)

Mark Carney will be delivering an important speech on Wednesday and this is the best preview we could find. (The Guardian)

Afternoons are really, really bearish in China’s stock market. (Bloomberg)

These fights are increasingly looking like the ones between Apple, Google and Facebook. (Quartz)

A prediction on which long-term trades might be based. (Mashable)

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