Week ahead: Brexit and US-China trade in focus

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Sharecast News | 12 Oct, 2019

The focus over the coming week will continue to be firmly on Brexit, even as investors digest the outcome of the ongoing US-China trade talks.

Either of those processes, not to mention the combination of both, could unleash significant shifts in financial markets and asset allocations.

Regarding Brexit, analysts at Barclays Research said: "Given the tight timing, in our view, the best case scenario would likely require the UK to request a short technical extension prior to the 31 October deadline in order to agree details of a new Withdrawal Agreement.

Although the latest developments provide cause for optimism, we will remain cautious until more details are released and the broad principles potentially signed off at next week’s summit with the EU."

European Union leaders are due to meet on 17 and 18 October, with the UK Parliament set to convene for an extraordinary session on the following Saturday.

The 19 October is when the Benn Act, which requires the PM to send a letter to Brussels asking for an extension if he has not reached, kicks in.

Against that backdrop, a raft of key economic indicators are due out in China, the UK and US.

In the former, those include trade figures for September on Monday followed by a barrage of activity at the end of the week.

On home shores, readings on August unemployment, and data for consumer prices and retail sales in September are due out on Tuesday, Wednesday and Thursday, respectively.

Stateside meanwhile, Wednesday will bring with it the release of the Federal Reserve's Beige book followed by reports on housing starts, industrial production, weekly unemployment and the Philly Fed regional factory index all on Thursday.

Further afield, the International Monetary Fund and World Bank's annual meetings are scheduled for 20 October in Washington DC.

Monday October 14

INTERIM DIVIDEND PAYMENT DATE

Old Mutual Limited NPV (DI)

INTERIM EX-DIVIDEND DATE

Banco Bilbao Vizcaya Argentaria SA

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Industrial Production (EU) (10:00)

SPECIAL EX-DIVIDEND DATE

Vectura Group

Tuesday October 15

INTERIMS

LiDCO Group, Walker Greenbank

INTERIM DIVIDEND PAYMENT DATE

Banco Bilbao Vizcaya Argentaria SA, PPHE Hotel Group Ltd

QUARTERLY PAYMENT DATE

Regional REIT Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

ZEW Survey (EU) - Economic Sentiment (10:00)

ZEW Survey (GER) - Current Situation (10:00)

ZEW Survey (GER) - Economic Sentiment (10:00)

FINALS

Bellway, Nanoco Group, Sareum Holdings

TRADING ANNOUNCEMENTS

Hays

UK ECONOMIC ANNOUNCEMENTS

Claimant Count Rate (09:30)

Unemployment Rate (09:30)

Wednesday October 16

INTERIM EX-DIVIDEND DATE

Sagicor Financial Corporation Limited (DI)

QUARTERLY PAYMENT DATE

Assura

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Business Inventories (US) (15:00)

Consumer Price Index (EU) (10:00)

MBA Mortgage Applications (US) (13:00)

Retail Sales (US) (13:30)

FINALS

Applied Graphene Materials

DRILLING REPORT

Rio Tinto

AGMS

Duke Royalty Limited, Loungers

TRADING ANNOUNCEMENTS

Tullow Oil

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (09:30)

Producer Price Index (09:30)

Retail Sales (09:30)

FINAL DIVIDEND PAYMENT DATE

ECO Animal Health Group, Gateley (Holdings) , Ince Group (The), National Westminster 9%pf

Thursday October 17

INTERIM DIVIDEND PAYMENT DATE

BBGI SICAV S.A. (DI), Convatec Group , Dairy Farm International Holdings Ltd (Bermuda), Dairy Farm International Holdings Ltd. (Jersey), Dairy Farm International Holdings Ltd. (Singapore), Hongkong Land Holding Ltd. (Sing.Reg), Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Matheson Holdings Ltd. (Bermuda), Jardine Matheson Holdings Ltd. (Jersey), Jardine Strategic Holdingd Ltd. (Bermuda), Jardine Strategic Holdingd Ltd. (Jersey REG), Jardine Strategic Holdings Ltd. (Singapore), Mandarin Oriental International (Singapore), Non-Standard Finance, Somero Enterprises Inc. (DI), TT Electronics

INTERIM EX-DIVIDEND DATE

Amati AIM Vct , BAE Systems, Catco Reinsurance Opportunities Fund Limited C Shs (DI), Catco Reinsurance Opportunities Fund Ltd (DI), Downing Three VCT F Shs, Downing Three VCT H Shs, Downing Three VCT J Shs, Downing Two VCT F Shs , Downing Two VCT G Shs, Eland Oil & Gas, Kerry Group 'A' Shares, Learning Technologies Group , Lookers, M. P. Evans Group, Marshalls, Menzies(John), Octopus AIM VCT 2, US Solar Fund, Witan Pacific Inv Trust, Xpediator

QUARTERLY EX-DIVIDEND DATE

Supermarket Income Reit

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Building Permits (US) (13:30)

Capacity Utilisation (US) (14:15)

Continuing Claims (US) (14:30)

Crude Oil Inventories (US) (15:30)

Housing Starts (US) (13:30)

Industrial Production (US) (14:15)

Initial Jobless Claims (US) (14:30)

Philadelphia Fed Index (US) (13:30)

SPECIAL EX-DIVIDEND DATE

Octopus AIM VCT 2

AGMS

Avengardco Investments Public Ltd GDR, Fiske, Nakama Group, Tlou Energy Limited (DI), Watches of Switzerland Group

UK ECONOMIC ANNOUNCEMENTS

Retail Sales (09:30)

FINAL EX-DIVIDEND DATE

Grit Real Estate Income Group Limited NPV (DI), Henderson EuroTrust, JPMorgan Emerging Markets Inv Trust, Jupiter UK Growth Investment Trust, Photo-Me International, Schroder Japan Growth Fund, Smiths Group, Sylvania Platinum Ltd (DI), Wilmington

Friday October 18

INTERIM DIVIDEND PAYMENT DATE

888 Holdings, Applegreen, Braime Group, Braime Group 'A'NON.V , Cairn Homes , Costain Group, Derwent London, Epwin Group, Gore Street Energy Storage Fund , Harworth Group, Henry Boot, Hunters Property , Nucleus Financial Group , Octagonal, Petrofac Ltd., Robert Walters, Sanne Group, Urban Exposure, Vitec Group

QUARTERLY PAYMENT DATE

Duke Royalty Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Current Account (EU) (09:00)

Wholesale Price Index (GER) (07:00)

SPECIAL DIVIDEND PAYMENT DATE

Hargreaves Lansdown

AGMS

Ashmore Group, Dechra Pharmaceuticals, K3 Capital Group , Octagonal

FINAL DIVIDEND PAYMENT DATE

Avation, Hargreaves Lansdown, HML Holdings, Jupiter Green Inv Trust, Norish Units, Oxford Instruments, Tricorn Group

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