Thursday preview: ECB, Bodycote in focus
The focus on Thursday will shift to the European Central Bank, with rate-setters in Frankfurt expected to unveil increased funding for the single currency bloc's banks.
Bodycote
611.00p
15:44 22/11/24
Computacenter
2,222.00p
15:45 22/11/24
FTSE 250
20,584.46
15:45 22/11/24
FTSE 350
4,551.10
15:45 22/11/24
FTSE All-Share
4,506.61
15:45 22/11/24
Industrial Engineering
12,195.13
15:44 22/11/24
Software & Computer Services
2,695.69
15:45 22/11/24
Some economists however anticipate that asset purchases will have to wait until April.
In the background meanwhile, investors will be monitoring the news out of Capitol Hill for any headlines regarding economic support measures in the States to help limit the impact of the coronavirus.
Initial weekly jobless claims figures will also merit close watching going forward for potential signs that companies are laying off workers and - possibly - of the initial hit to the economy.
On home shores, just after midnight, the Royal Institute of Chartered Surveyors is due to publish its house price balance for the month of February.
Bodycote and Computacenter are among the corporate names that are due to update financial markets on Thursday.
For the former, UBS analyst Celine Fornaro expects a 1.3% decline in full-year sales to £719m, with those from Aerospace, Defence and Energy seen at £299m and Automotive & General Industrial revenues at £420m.
Group earnings before interest and taxes at the heat treatment specialist meanwhile were pegged at £134m.
For IT infrastructure services outfit Computacenter, UBS anticipates full-year profits before tax coming in at £143m, which would be at the upper end of the company's own guidance range.
At the time of ts last trading update, the firm also guided towards 16% jump in sales.
Thursday March 12
INTERIMS
Brooks Macdonald Group, Galliford Try, Go-Ahead Group
INTERIM DIVIDEND PAYMENT DATE
TheWorks.Co.Uk
INTERIM EX-DIVIDEND DATE
Adept Technology Group, Beeks Financial Cloud Group, Colefax Group, Hansard Global, JPMorgan Emerging Markets Inv Trust, London Finance & Investment Group, Mid Wynd International Inv Trust, Ricardo, Standard Life UK Smaller Companies Trust, Trifast, Triple Point Income VCT C, Triple Point Income VCT D, Triple Point Income VCT E
QUARTERLY EX-DIVIDEND DATE
Alpha Real Trust Ltd., Assura , Land Securities Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (GER) (08:00)
Continuing Claims (US) (12:30)
ECB Interest Rate (EU) (12:45)
Industrial Production (EU) (10:00)
Initial Jobless Claims (US) (12:30)
Producer Price Index (US) (12:30)
Wholesale Price Index (GER) (07:00)
FINALS
Arrow Global Group, Computacenter, G4S, Helios Towers , Keller Group, Marshalls, Oakley Capital Investments Ltd. (DI), Oakley Capital Investments Ltd. (DI), Savills, Secure Income Reit , Tullow Oil, Valeura Energy Inc NPV (DI)
AGMS
Benchmark Holdings , Blackrock Income And Growth Investment Trust
UK ECONOMIC ANNOUNCEMENTS
RICS Housing Market Survey (00:01)
FINAL EX-DIVIDEND DATE
Anglo American, Apax Global Alpha Limited , CRH, Glanbia, GVC Holdings, Jupiter Fund Management , Law Debenture Corp., Rights & Issues Inv Trust Income Shares, RM, Spirent Communications, Stand.Ch.7te%pr, Standard Chartered 8 1/4% Non-Cum Irrd Pref