Thursday preview: US CPI, Haleon in focus

All eyes on Thursday would be on the US consumer price report for October.

The data, which was due out at 1230 GMT, was expected to reveal a dip in headline consumer prices to a year-on-year rate of 8.0% after a reading of 8.2% for the month before.

At the core level meanwhile, CPI was seen ticking lower by a tenth of a percentage point versus the prior month to 6.6%.

Against that backdrop, investors would be hoping and possibly digesting the ongoing tally of the mid-term elections.

In particular, they would be focusing on whether the Republican party was still headed towards a victory in the House of Representatives or not.

At least three top Federal Reserve officials were scheduled to take to the podium in the afternoon in the US, starting from 1335 GMT with Dallas Fed chief Lorie Logan.

Fed governor, Christopher Waller, was due to speak at 0700 GMT at an event on central bank digital currencies.

On home shores, overnight the Royal Institute of Chartered Surveyors would publish its UK home price balance for the month of October (consensus: 20.0).

Across the Channel, the European Central Bank was due to release its economic bulletin at 0900 GMT.

It would be published alongside a reading for industrial production in Italy at 0900 GMT, followed by Greek and Irish CPI prints at 1000 GMT and 1100 GMT, respectively.

On the corporate side of things, Haleon was due to update investors on its third quarter performance.

Ahead of the results, CMC Markets UK's chief market analyst, Michael Hewson, pointed out the consumer healthcare outfit's guidance for full-year organic sales growth of 6-8%.

To Hewson, that seemed to be "on the low side" given that the current winter was expected to see the first proper flu season after Covid.

Thursday 10 November

INTERIMS

Auto Trader Group , B&M European Value Retail S.A. (DI), National Grid, QinetiQ Group, Renewi

INTERIM DIVIDEND PAYMENT DATE

Good Energy Group, Octopus AIM VCT 2

INTERIM EX-DIVIDEND DATE

Airtel Africa , Anpario, Asia Dragon Trust , BlackRock Smaller Companies Trust, Coral Products, ProVen Growth & Income VCT, ProVen VCT, Sainsbury (J), Warpaint London , Whitbread

QUARTERLY PAYMENT DATE

British American Tobacco

QUARTERLY EX-DIVIDEND DATE

BP, ContourGlobal , Greencoat Renewables (CDI), Octopus Renewables Infrastructure Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (12:30)

Continuing Claims (US) (12:30)

Initial Jobless Claims (US) (12:30)

FINALS

WH Smith

SPECIAL EX-DIVIDEND DATE

Softcat

EGMS

Bankmuscat (S.A.O.G) GDR (Reg S), UIL Limited (DI)

AGMS

ACP Energy, Alternative Income Reit , BHP Group Limited NPV (DI), Ferro-Alloy Resources Limited NPV, London Finance & Investment Group, UIL Limited (DI)

TRADING ANNOUNCEMENTS

Regional REIT Limited, Vistry Group

UK ECONOMIC ANNOUNCEMENTS

RICS Housing Market Survey (00:01)

FINAL DIVIDEND PAYMENT DATE

Hansard Global

FINAL EX-DIVIDEND DATE

Baillie Gifford Japan Trust, Dunelm Group, Galliford Try, JPMorgan UK Smaller Companies Investment Trust, SCS Group , Softcat