Week ahead: BoE, Fed and BoJ in the spotlight

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Sharecast News | 20 Sep, 2022

All eyes over the coming week will be on the world's central banks, the Bank of England foremost among them.

On Thursday, the Monetary Policy Committee is expected to announce a 50 basis point hike in Bank Rate to 2.25%.

Barclays Research anticipates that the MPC will maintain a hawkish tilt but that a more profound reset of its guidance will not occur until November, when policymakers will have the details of the government's fiscal plans.

But first it will be the turn of the US Federal Reserve the day before, on Wednesday, to tell economic agents what they should expect.

Consensus is for a 75 basis point interest rate hike that will take the target range for the Fed funds rate to 3.0-3.25%.

More important however will be the content of the Fed's updated economic projections, which Barclays Research expects will show that interest rates will be raised to 4.1% by the end of 2022, remaining at that level through 2023 and then being lowered in 2024 and 2025.

Worth noting, Fed chairman, Jerome Powell, is scheduled to take to the podium both on Wednesday, following the Fed's policy announcement as well as on Friday.

On Thursday the Bank of Japan is also due to make its own policy announcement.

Across the Channel meanwhile, European Central Bank vice-president, Luis de Guindos, is due to deliver speeches on Monday and Wednesday and his boss Christine Lagarde on Tuesday.

Manufacturing and services Purchasing Managers' Indices in the euro area, UK and US covering the month of September are all due out on Friday and may well elicit a reaction in financial markets.

Monday 19 September

FINALS

City of London Inv Trust

INTERIMS

Globaltrans Investment GDR (Reg S)

Tasty

AGMs

Hidong Estate

GMs

Carr's Group

ANNUAL REPORT

City of London Inv Trust

DRILLING REPORT

URU Metals Ltd. (DI)

INTERIM DIVIDEND PAYMENT DATE

IP Group

Tuesday 20 September

FINALS

City of London Investment Group, Tlou Energy Limited (DI), Craneware, Feedback, Brown Advisory US Smaller Companies, Ross Group, Litigation Capital Management Limited (DI), Springfield Properties

INTERIMS

EKF Diagnostics Holdings, Unbound Group, Alliance Pharma, Anexo Group, Strip Tinning Holdings, First Tin, HydrogenOne Capital Growth, Good Energy Group, Eve Sleep PLC, Fintel, Spectral Md Holdings, Ltd (DI), Trinity Exploration & Production, ASA International Group, Cambridge Cognition Holdings, CT Automotive Group, British Smaller Companies VCT 2, Xaar, Belluscura, KRM22, Globalworth Real Estate Investments Limited, Jadestone Energy, Predator Oil & Gas Holdings NPV, Trufin, Kingfisher, Gaming Realms, Elixirr International, Northcoders Group, Deltex Medical Group, Haleon

TRADING ANNOUNCEMENTS

SThree, Zoo Digital Group, TUI AG Reg Shs (DI), Moonpig Group, HydrogenOne Capital Growth

IMSs

British Smaller Companies VCT

AGMs

Moonpig Group, Ilika, Utilico Emerging Markets Ltd (DI), Manolete Partners, DSW Capital, Petrotal Corporation NPV (DI), Cake Box Holdings, Gore Street Energy Storage Fund, Zoo Digital Group, Twentyfour Income Fund Limited Ord Red, Global Ports Holding, FIH Group, Shearwater Group, Adept Technology Group, Quiz, ProCook Group, Appreciate Group

EGMs

DP Eurasia N.V. (DI)

ANNUAL REPORT

Ross Group, Scholium Group

DRILLING REPORT

Serinus Energy NPV

FINAL DIVIDEND PAYMENT DATE

Alpha Financial Markets Consulting

INTERIM DIVIDEND PAYMENT DATE

Pearson, Capital & Counties Properties, Scottish American Inv Company, Hiscox Limited (DI), London Stock Exchange Group, Quilter, JPMorgan Elect Managed Growth, Shell, JPMorgan Elect Managed Income Shares, Atalaya Mining, Hikma Pharmaceuticals

QUARTERLY PAYMENT DATE

Chenavari Toro Income Fund Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Producer Price Index (GER) (07:00)

Current Account (EU) (09:00)

Housing Starts (US) (13:30)

Building Permits (US) (13:30)

Wednesday 21 September

FINALS

Galliford Try, Supermarket Income Reit

INTERIMS

Pennant International Group, S4 Capital, Keywords Studios, Hostmore, Warpaint London, LBG Media, The City Pub Group, Dianomi, MyHealthchecked, Ten Entertainment Group, Pendragon, Alphawave IP Group, Ingenta

AGMs

Hipgnosis Songs Fund Limited NPV, SRT Marine Systems, India Capital Growth Fund Ltd., Merit Group, Seraphine Group, IG Group Holdings, Odyssean Investment Trust, Enteq Technologies, SDI Group, Tintra

FINAL EX-DIVIDEND DATE

Eckoh

INTERIM EX-DIVIDEND DATE

TotalEnergies SE

INTERIM DIVIDEND PAYMENT DATE

Domino's Pizza Group, OSB Group

UK ECONOMIC ANNOUNCEMENTS

Public Sector Net Borrowing (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

MBA Mortgage Applications (US) (12:00)

Existing Home Sales (US) (15:00)

Crude Oil Inventories (US) (15:30)

Thursday 22 September

FINALS

Wilmington, Hansard Global, Time Finance

INTERIMS

Distribution Finance Capital Holdings, Osirium, Technologies, Ceres Power Holdings, Forward Partners Group, Playtech, Biome Technologies, Brave Bison Group, Life Science REIT, Aquis Exchange, Safestyle UK, Judges Scientific, PensionBee Group, Learning Technologies Group

TRADING ANNOUNCEMENTS

Investec, Time Finance

AGMs

IG Design Group, Begbies Traynor Group, Trakm8 Holdings, Worsley Investors Limited NPV

FINAL EX-DIVIDEND DATE

Brooks Macdonald Group, Finncap Group, FRP Advisory Group, IG Group Holdings, Mercia Asset Management, FIH Group, Walker Crips Group, Hargreaves Lansdown, Gateley (Holdings), Redrow

Mid Wynd International Inv Trust, Mattioli Woods, Hargreaves Services

FINAL DIVIDEND PAYMENT DATE

BHP Group Limited NPV (DI), XPS Pensions Group, SSE, Brickability Group, Base Resources Ltd

INTERIM EX_DIVIDEND DATE

Elecosoft Public Limited Company, BlackRock Energy and Resources Income Trust, Gamma Communications, Fidelity European Trust, Videndum, Somero Enterprises Inc. (DI), Thungela Resources Limited NPV (DI), Palace Capital, Kenmare Resources (CDI), Chelverton UK Dividend Trust, Essentra, Oakley Capital Investments Ltd. (DI), Forterra, Driver Group, Income & Growth VCT, Keystone Law Group, STV Group, Mobeus Income & Growth 4 Vct, Crest Nicholson Holdings, JTC, TT Electronics, HGCapital Trust, Gulf Keystone Petroleum Ltd Com Shs (DI), Property Franchise Group, RBG Holdings, Churchill China, Portmeirion Group, Robinson, EPWIN GROUP, Old Mutual Limited NPV (DI)

INTERIM DIVIDEND PAYMENT DATE

Riverstone Credit Opportunities Income, Provident Financial, Abrdn Equity Income Trust, Entain, Glencore, Rio Tinto, Sabre Insurance Group

SPECIAL EX-DIVIDEND DATE

Mid Wynd International Inv Trust, Hargreaves Services

QUARTERLY EX-DIVIDEND DATE

Aberdeen Diversified Income and Growth Trust, Abrdn Private Equity Opportunities Trust

UK ECONOMIC ANNOUNCEMENTS

BoE Interest Rate Decision (12:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

Current Account (US) (13:30)

Initial Jobless Claims (US) (13:30)

Friday 23 September

FINALS

European Opportunities Trust

AGMs

In the Style Group, Wise Class A, Biffa, Accsys Technologies, Fusion Antibodies, Safestay, Speedy Hire

ANNUAL REPORT

European Opportunities Trust

FINAL DIVIDEND PAYMENT DATE

Speedy Hire, Auto Trader Group

INTERIM DIVIDEND PAYMENT DATE

Athelney Trust, Apax Global Alpha Limited, Anglo American, Henderson Opportunities Trust, Franchise Brands, Arbuthnot Banking Group, BioPharma Credit, Rotork, Momentum Multi-Asset Value Trust, RHI Magnesita N.V. (DI), SEGRO, Utilico Emerging Markets Ltd (DI), Abrdn European Logistics Income, St James's Place, Hochschild Mining, Reach, Jlen Environmental Assets Group Limited NPV

QUARTERLY PAYMENT DATE

BP, Vaalco Energy, Inc (DI)

UK ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (00:01)

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