Thursday preview: Philly Fed index, Fedspeak and Burberry in focus
Investors' attention on Thursday will be trained on the U.S. where raft of economic indicators were due out.
Burberry Group
817.20p
17:15 05/11/24
FTSE 100
8,172.39
17:14 05/11/24
FTSE 350
4,502.88
16:59 05/11/24
FTSE All-Share
4,460.27
16:39 05/11/24
Personal Goods
12,619.50
16:59 05/11/24
Key among them would be the Federal Reserve Bank of Philadelphia's regional manufacturing sector index for the month of November, at 1330 GMT.
Also due out were readings for import prices, industrial production and weekly jobless claims.
At least five top officials were slated to take to the podium over the course of the day, starting with the vice chair for supervision Michael Barr, from 1210 GMT.
On the corporate side of things, Burberry will post its first half results on Thursday morning.
At the time of its first quarter results presentation, the luxury fashion outfit left its full-year guidance for low double-digit sales growth.
Its shares had taken a pummeling since April on the back of a sharp slowdown in demand in all its markets - especially in China.
However, it was the decline in its U.S. sales that disappointed most, said Michael Hewson, chief market analyst at CMC Markets UK.
Reports from rivals of sharp slowdowns in luxury spending also appeared to weigh on the entire sector, Hewson added.
Thursday 09 November
INTERIMS
3i Group, Auto Trader Group , Cropper (James), National Grid, Urban Logistics Reit, Wincanton, Wizz Air Holdings
INTERIM DIVIDEND PAYMENT DATE
Octopus AIM VCT 2, Plus500 Ltd (DI)
INTERIM EX-DIVIDEND DATE
Airtel Africa , Anpario, Burford Capital NPV (DI), C&C Group (CDI), Catalyst Media Group, London Security, Sainsbury (J), SThree, Touchstar, Warpaint London
QUARTERLY PAYMENT DATE
BlackRock Latin American Inv Trust
QUARTERLY EX-DIVIDEND DATE
Balanced Commercial Property Trust Limited , BP, Chenavari Toro Income Fund Limited NPV, Greencoat Renewables (CDI), Picton Property Income Ltd, Seplat Energy (DI), The Renewables Infrastructure Group Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
Q3
Apax Global Alpha Limited , AstraZeneca, Burford Capital NPV (DI), Endeavour Mining, Indivior, Wheaton Precious Metals Corp.NPV (CDI)
FINALS
WH Smith
SPECIAL DIVIDEND PAYMENT DATE
Plus500 Ltd (DI)
SPECIAL EX-DIVIDEND DATE
abrdn Smaller Companies Income Trust, Softcat
EGMS
Fix Price Group Gdr (Each repr 1) (Reg s)
AGMS
Libertine Holdings, Libertine Holdings, Thor Energy , UIL Limited (DI)
TRADING ANNOUNCEMENTS
Domino's Pizza Group, Flutter Entertainment (CDI), Lancashire Holdings Limited, S4 Capital, Taylor Wimpey, Vistry Group
UK ECONOMIC ANNOUNCEMENTS
RICS Housing Market Survey (00:01)
FINAL EX-DIVIDEND DATE
Galliford Try, Genus, NCC Group, Schroder BSC Social Impact Trust, Softcat