Thursday preview: UK GDP, Eurozone inflation in focus
UK economic growth data and eurozone inflation figures will be in focus on Thursday.
The final estimate of UK gross domestic product from the Office for National Statistics is expected to confirm quarter-on-quarter growth of 0.4% and year-on-year growth of 2.0%. Fourth quarter GDP rose 0.6% on the quarter and 2.1% on the year.
The UK’s economy is expected to suffer following Britain’s vote to leave the European Union last week. While the latest figures on GDP won’t reflect the aftermath of Brexit, they may show how uncertainty leading up to the referendum affected growth.
In the eurozone, the consumer price index from Eurostat is expected to have improved to an annualised 0% in June from a fall of 0.1% the previous month.
The European Central Bank is targeting inflation of just below 2%. President Mario Draghi on Tuesday stressed the importance of structural reforms by eurozone governments to help address prolonged low inflation, dragged down by a continued slump in energy prices.
He also called on global policy alignment. “We can benefit from alignment of policies,” Draghi said on Tuesday. “What I mean by alignment is a shared diagnosis of the root causes of the challenges that affect us all; and a shared commitment to found our domestic policies on that diagnosis.”
Thursday 30 June
INTERIM DIVIDEND PAYMENT DATE
Aviva 8 3/4% Cumulative Irrd Preference 1, British Empire Trust, Brunner Investment 5% Prf, Ecclesiastical Insurance 8.625% Non-Cum Irr Pref Shares, Jersey Electricity 'A' Shares, Northern Venture Trust, Schroder UK Mid Cap Fund, Stride Gaming, The Renewables Infrastructure Group Limited, Watkin Jones
INTERIM EX-DIVIDEND DATE
CC Japan Income & Growth Trust, Chrysalis VCT, Electronic Data Processing, Game Digital, Paragon Group Of Companies
QUARTERLY PAYMENT DATE
Albion Technology & General VCT, Brunner Inv Trust, Custodian Reit , Ediston Property Investment Company, HICL Infrastructure Company Ltd, MedicX Fund Ltd., Premier Energy & Water Trust, Raven Russia Ltd. Cum Red Pref Shares, TwentyFour Select Monthly Income Fund Limited
QUARTERLY EX-DIVIDEND DATE
Alpha Real Trust Ltd., British Land Company, Real Estate Credit Investments PCC Ltd, Real Estate Investors, Torchmark Corp.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
Retail Sales (GER) (07:00)
Unemployment Rate (GER) (08:55)
FINALS
Outsourcery
ANNUAL REPORT
PetroNeft Resources
DRILLING REPORT
Tullow Oil
SPECIAL DIVIDEND PAYMENT DATE
Northern Venture Trust, Perpetual Income & Growth Inv Trust
SPECIAL EX-DIVIDEND PAYMENT DATE
Arbuthnot Banking Group, Chrysalis VCT, Mobeus Income & Growth 2 Vct, Real Estate Credit Investments PCC Ltd, Secure Trust Bank
AGMS
21st Century Technology, Advanced Oncotherapy, Alecto Minerals, Alexander Mining, Atlantis Resources Limited (DI), Auctus Growth, Bond International Software, Braemar Shipping Services, Cellcast, Cyan Holdings, Datang International Power Generation Co Ltd., DCD Media, Energiser Investments, GameAccount Network, Harvey Nash Group, KEFI Minerals, London Capital Group Holdings, Mariana Resources Ltd., New Trend Lifestyle Group, Nostra Terra Oil & Gas Co, Onzima Ventures, PJSC Gazprom Level 1 ADS, PJSC Megafon GDR (Reg S), Plaza Centers NV, Public Joint Stock Company Rosseti GDR (Each REPR 200 ORD) Reg S, Public Power GDR SA (Reg S), Regal Petroleum, Scottish Mortgage Inv Trust, Sprue Aegis, Stobart Group Ltd., Strat Aero, Trinity Exploration & Production, Venn Life Sciences Holdings, Vianet Group, Westminster Group, Yolo Leisure And Technology
TRADING ANNOUNCEMENTS
Serco Group, Tullow Oil, Wood Group (John)
UK ECONOMIC ANNOUNCEMENTS
Current Account (09:30)
GDP (quarterly national accounts) (09:30)
GFK Consumer Confidence (00:05)
FINAL DIVIDEND PAYMENT DATE
Air China Ltd., Elderstreet VCT, Kakuzi Ltd., Michelmersh Brick Holdings, Saga , Tongaat-Hulett Ltd.
FINAL EX-DIVIDEND DATE
Aveva Group, B.P. Marsh & Partners, Babcock International Group, Braemar Shipping Services, British Smaller Companies VCT, Brown (N.) Group, Caffyns, Coca-Cola HBC AG (CDI), Cranswick, Dee Valley Group, Dee Valley Group (Non-Voting), Gabelli Value Plus Trust , Gama Aviation , Helical Bar, Hogg Robinson Group, ICAP, Montanaro UK Smaller Companies Inv Trust, NetDimensions (Holdings) Limited (DI), Next Fifteen Communications, Northern Investors Co, Oxford Technology VCT, PayPoint, Premier Technical Services Group , Record, Royal Mail, Shanks Group, Tate & Lyle