Week ahead: US inflation, BoJ meeting, US tech results in focus

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Sharecast News | 24 Apr, 2023

Investors' focus on a backend loaded week was likely to continue to be on the US inflation picture, not least as Federal Reserve policymakers were due to meet just a few days afterwards on 2-3 May.

On the activity side of the equation, on Thursday the US Department of Commerce was expected to unveil a preliminary estimate showing that gross domestic product expanded at an annualised pace of 2.0% over the three months to March amid a modest increase in price pressures.

Price deflator for personal consumption expenditures due out the next day for the month of March however were expected to show a large drop at the headline level, but only a slight dip in core prices.

Later on Friday, the University of Michigan would release a final reading for consumer confidence in April.

But investors were likely to be especially interested in the subindex for infation expectations one-year head contained in the same, which had apparently surged higher at the start of the month.

Readings for French, German and Spanish quarterly GDP were also due out on Friday, alongside preliminary reports for consumer prices in those same three economies.

Another key event during the week would be the Bank of Japan's policy decision, on Friday as well, which would be the first under its Governor, Kazuo Ueda.

Other data points to watch out for during the week included the German IFO institute's business confidence inddex, on Monday, and UK public sector net borrowing figures and US house price surveys, both on Tuesday.

The US corporate results season would also be in full swing in the background with investors expectant ahead of the latest updates from several big-cap technology names.

Included among those were Alphabet and Microsoft, on Tuesday, Meta Platforms, on Wednesday, and Amazon come Thursday.

All of them had the potential to impact investor sentiment, particularly given the sector's leadership year-to-date.

Monday 24 April

INTERIMS

Lok'n Store Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

FINALS

Frenkel Topping Group

ANNUAL REPORT

Arbuthnot Banking Group

EGMS

Ground Rents Income Fund

AGMS

Centralnic Group

TRADING ANNOUNCEMENTS

Centralnic Group

Q1

Joint Stock Company Kaspi.Kz GDR (Reg S)

Tuesday 25 April

INTERIMS

AB Dynamics, Associated British Foods, Focusrite

INTERIM DIVIDEND PAYMENT DATE

JPMorgan Emerging Markets Inv Trust, JPMorgan Mid Cap Inv Trust, Northamber

QUARTERLY PAYMENT DATE

General Electric Co (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Confidence (US) (15:00)

House Price Index (US) (14:00)

New Homes Sales (US) (15:00)

GMS

Coro Energy

FINALS

Avacta Group, Card Factory, Corero Network Security, Dillistone Group, Hvivo, Jadestone Energy, Keystone Law Group , Next 15 Group, Northcoders Group , Oxford Biomedica, Round Hill Music Royalty Fund Limited NPV, Whitbread

IMSS

Lloyds Banking Group

AGMS

Aquis Exchange , Beazley, CLS Holdings, Entain, Globaldata, NATWEST GROUP, Sigmaroc , VH Global Sustainable Energy Opportunities

TRADING ANNOUNCEMENTS

IWG , Jupiter Fund Management , Loungers , Travis Perkins, W.A.G Payment Solutions

UK ECONOMIC ANNOUNCEMENTS

Public Sector Net Borrowing (07:00)

Wednesday 26 April

INTERIM DIVIDEND PAYMENT DATE

Close Brothers Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Durable Goods Orders (US) (13:30)

GFK Consumer Confidence (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

GMS

OMV Petrom S.A. GDR (REG S)

FINALS

1Spatial, Biome Technologies, Sanderson Design Group, Skillcast Group, Warpaint London

ANNUAL REPORT

OMV Petrom S.A. GDR (REG S)

EGMS

Trian Investors 1 Limited NPV

AGMS

Alfa Financial Software Holdings , Allianz Technology Trust, Anglo American, Breedon Group , Bunzl, Croda International, Drax Group, Elementis, Global Invacom Group Limited (DI), Global Opportunities Trust, Lancashire Holdings Limited, MD Medical Group Investments GDR (Reg S), Metro Bank, Mobius Investment Trust , Nichols, Octopus AIM VCT 2, One Media IP Group, Persimmon, RIT Capital Partners, Trian Investors 1 Limited NPV

TRADING ANNOUNCEMENTS

Fresnillo, Glencore , Reckitt Benckiser Group, Smith & Nephew

FINAL DIVIDEND PAYMENT DATE

BlackRock World Mining Trust, Maven Income & Growth 3 VCT

Q1

Gem Diamonds Ltd. (DI)

Thursday 27 April

INTERIM DIVIDEND PAYMENT DATE

Hansard Global

INTERIM EX-DIVIDEND DATE

Pembroke Vct B

QUARTERLY EX-DIVIDEND DATE

City of London Inv Trust, Tufton Oceanic Assets Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Continuing Claims (US) (13:30)

Economic Sentiment Indicator (EU) (10:00)

Industrial Confidence (EU) (10:00)

Initial Jobless Claims (US) (13:30)

Pending Homes Sales (US) (15:00)

Services Sentiment (EU) (10:00)

FINALS

Novacyt S.A. (CDI), Sainsbury (J), Shield Therapeutics, Synairgen

SPECIAL DIVIDEND PAYMENT DATE

Essentra

SPECIAL EX-DIVIDEND DATE

Me Group International

AGMS

Admiral Group, AFC Energy, AstraZeneca, BP, CRH (CDI), Dalata Hotel Group (CDI), Develop North, Dial Square Investments, F&C Investment Trust, Flutter Entertainment (CDI), Helios Towers , Ibstock , International Personal Finance, Kerry Group 'A' Shares (CDI), London Stock Exchange Group, Quixant, Robert Walters, Robert Walters, Schroders, Serco Group, Smithson Investment Trust, Societatea Energetica Electrica SA GDR (Reg S), STV Group, Synectics, Taylor Wimpey, Tissue Regenix Group, Weir Group

TRADING ANNOUNCEMENTS

Currys , Howden Joinery Group, Inchcape, London Stock Exchange Group, PPHE Hotel Group Ltd, Taylor Wimpey, Unilever, WPP

FINAL DIVIDEND PAYMENT DATE

Entain, Haleon , XP Power Ltd. (DI)

FINAL EX-DIVIDEND DATE

AVI Japan Opportunity Trust , Bakkavor Group , Banco Santander S.A., Bridgepoint Group (Reg S) , Central Asia Metals, Coats Group, Croda International, Derwent London, Fresnillo, Gemfields Group Limited, Greggs, Gresham Technologies, Legal & General Group, LSL Property Services, M. P. Evans Group, Morgan Sindall Group, Mortgage Advice Bureau (Holdings) , PPHE Hotel Group Ltd, Relx plc, Rightmove, Robert Walters, Secure Trust Bank, Senior, Stelrad Group , The Pebble Group, TT Electronics, Tyman

Q1

AstraZeneca, Barclays, St James's Place

Friday 28 April

INTERIM DIVIDEND PAYMENT DATE

Beazley, Henderson EuroTrust, New Star Investment Trust, The European Smaller Companies Trust

QUARTERLY PAYMENT DATE

BlackRock Sustainable American Income Trust, CT Private Equity Trust, Ediston Property Investment Company, Middlefield Canadian Income PCC, Real Estate Investors, Value and Indexed Property Income Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Chicago PMI (US) (14:45)

Employment Cost Index (US) (13:30)

Import Price Index (GER) (07:00)

M3 Money Supply (EU) (09:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

U. of Michigan Confidence (Final) (US) (15:00)

Unemployment Rate (GER) (08:55)

FINALS

Argo Blockchain, Fisher (James) & Sons, Morgan Advanced Materials , PureTech Health

ANNUAL REPORT

Epwin Group

SPECIAL DIVIDEND PAYMENT DATE

BioPharma Credit , BioPharma Credit , Quartix Technologies, SLF Realisation Fund Limited C Shs NPV, SLF Realisation Fund Limited NPV

EGMS

ROS Agro GDR REG S

AGMS

Audioboom Group, BBGI Global Infrastructure S.A. NPV (DI), Bellevue Healthcare Trust (Red), Everest Global, Getbusy, Greencoat Renewables (CDI), Greencoat UK Wind, Hikma Pharmaceuticals, JPMorgan Claverhouse Inv Trust, Kingspan Group (CDI), Minoan Group, Pearson, Rotork, Smurfit Kappa Group (CDI), Symphony International Holdings Ltd., Woodside Energy Group Ltd NPV (DI)

TRADING ANNOUNCEMENTS

Computacenter, Industrials Reit Limited, Rotork, Smurfit Kappa Group (CDI)

FINAL DIVIDEND PAYMENT DATE

Anglo American, Globaldata, Kitwave Group, Quartix Technologies, Wynnstay Group

Q1

NATWEST GROUP, OMV Petrom S.A. GDR (REG S)

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