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Week ahead: Fed, BoE in focus

Week Ahead

Week ahead: Fed, BoE in focus

Fri, 27 January 2017
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Week ahead: Fed, BoE in focus

(ShareCast News) - Investors would be asked to digest a heavily-laden calendar of economic data focused on the US over the coming trading week, with the next US central bank policy meeting and monthly jobs report set for release almost back-to-back, on Wednesday and Friday, respectively.


Ahead of the former, analysts at Morgan Stanley told clients the recent downward correction in the US dollar, following Trump's verbal currency intervention, might be "challenged" as soon as Wednesday.

"[Bear] in mind that US financial and monetary conditions have eased while data continue to come in on the strong side," they said.

Also due out were the ISM's pruchasing managers' surveys for factory and service sector activity referencing the month of January, on Wednesday and Friday.

A reading on personal consumption and incomes on Monday would also be closely tracked, although the market reaction might be muted given the above list of potential risk events scheduled for later in the week.


Back in the UK, all eyes would be on the Bank of England's policy meeting on Thursday and latest Inflation Report.

Earlier in the week, consumer borrowing and credit statistics for December would arrive on Tuesday, with the widely-followed IHS Markit manufacturing sector purchasing managers' index for January set for release the next day.

Acting as a backdrop, markets might also prove sensitive to news over the weekend about the outcome of the first meeting between May and Trump.

Also worth noting, Eurozone manufacturing sector PMIs in particular held the potential to provoke a market reaction.

Monday 30 January

INTERIMS
Filtronic, Murgitroyd Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (10:00)
Consumer Confidence (EU) (10:00)
Consumer Price Index (GER) (13:00)
Economic Sentiment Indicator (EU) (10:00)
Industrial Confidence (EU) (10:00)
Pending Homes Sales (US) (15:00)
Personal Consumption Expenditures (US) (13:30)
Personal Income (US) (13:30)
Personal Spending (US) (13:30)

FINALS
Porvair

AGMS
Ixico

FINAL DIVIDEND PAYMENT DATE
Marston's, Oakley Capital Investments Ltd. (DI)

Tuesday 31 January

INTERIMS
Alumasc Group, NWF Group

INTERIM DIVIDEND PAYMENT DATE
BCA Marketplace, F&C Global Smaller Companies, Vianet Group

QUARTERLY PAYMENT DATE
Albion Technology & General VCT, F&C Commercial Property Trust Ltd., Funding Circle SME Income Fund, JP Morgan Chase & Co, Schroder Income Growth Fund

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence (US) (15:00)
Employment Cost Index (US) (13:30)
Retail Sales (GER) (07:00)
Unemployment Rate (EU) (10:00)
Unemployment Rate (GER) (08:55)

FINALS
Oxford Biodynamics , Toople

SPECIAL DIVIDEND PAYMENT DATE
DotDigital Group, European Investment Trust

AGMS
Blackrock Frontiers Investment Trust, Britvic, CYBG , Greencore Group, John Lewis of Hungerford, React Energy, Schroder UK Mid Cap Fund, Servoca, Stride Gaming, Sunrise Resources , Tertiary Minerals

TRADING ANNOUNCEMENTS
Carpetright, CYBG , SSE

UK ECONOMIC ANNOUNCEMENTS
Consumer Credit (09:30)
M4 Money Supply (09:30)
Mortgage Approvals (09:30)

FINAL DIVIDEND PAYMENT DATE
DotDigital Group, European Investment Trust, International Biotech Trust, Lowland Investment Co, Qatar Investment Fund

Wednesday 01 February

INTERIM DIVIDEND PAYMENT DATE
Dart Group, KCOM Group, Mitie Group, Plastics Capital, United Utilities Group

QUARTERLY PAYMENT DATE
Mercantile Investment Trust (The)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Construction Spending (US) (15:00)
Crude Oil Inventories (US) (15:30)
ISM Manufacturing (US) (15:00)
MBA Mortgage Applications (US) (12:00)

Q3
Wizz Air Holdings

FINALS
Low & Bonar

EGMS
Stanley Gibbons Group

AGMS
Artemis VCT, Future, Punch Taverns, Redhall Group, Tharisa (DI)

TRADING ANNOUNCEMENTS
Barr (A.G.)

UK ECONOMIC ANNOUNCEMENTS
BRC Shop Price Index (00:01)
Nationwide House Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE
BBA Aviation 5% Cum Prf, McCarthy & Stone, Schroder Asia Pacific Fund, Stride Gaming

Thursday 02 February

INTERIM DIVIDEND PAYMENT DATE
Tongaat-Hulett Ltd.

INTERIM EX-DIVIDEND DATE
Cohort, CPL Resources, CVC Credit Partners European Opportunities Ltd EURO, CVC Credit Partners European Opportunities Ltd GBP, Downing One VCT , IG Group Holdings, NB Private Equity Partners Ltd., Pennon Group, Premier Asset Management Group

QUARTERLY EX-DIVIDEND DATE
SQN Asset Finance Income Fund Limited, The SME Loan Fund, Toro Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
PMI Construction (09:30)
Producer Price Index (EU) (10:00)

Q4
Royal Dutch Shell 'A', Torchmark Corp.

FINALS
Royal Dutch Shell 'A', Torchmark Corp.

SPECIAL EX-DIVIDEND DATE
Calculus VCT 'C' Shares

AGMS
Aberdeen Asset Management, Avon Rubber, Compass Group, JPMorgan Asian Investment Trust, On The Beach Group , Zoopla Property Group

TRADING ANNOUNCEMENTS
Compass Group

UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)

FINAL DIVIDEND PAYMENT DATE
WH Smith

FINAL EX-DIVIDEND DATE
Catco Reinsurance Opportunities Fund Ltd (DI), Catco Reinsurance Opportunities Fund Ltd (DI) C shares, Chrysalis VCT, Hadrian's Wall Secured Investments, Victrex plc

Friday 03 February

INTERIM DIVIDEND PAYMENT DATE
Accrol Group Holdings, Aveva Group, Bilby, Vodafone Group

QUARTERLY PAYMENT DATE
Investors Capital Trust 'A' Shares

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Factory Orders (US) (15:00)
ISM Non-Manufacturing (US) (15:00)
Non-Farm Payrolls (US) (11:30)
Retail Sales (EU) (10:00)
Unemployment Rate (US) (13:30)

FINALS
Wereldhave NV

AGMS
Cerillion , Scottish Inv Trust, Scottish Inv Trust

FINAL DIVIDEND PAYMENT DATE
Britvic, Countryside Properties, Topps Tiles, Unicorn AIM VCT