Tuesday preview: Global PMIs, CRH in focus
Investors will be treated to a raft of survey readings on Tuesday regarding levels of activity in global manufacturing and services during the month of November, courtesy of consultancy IHS Markit.
Construction & Materials
12,196.53
17:09 18/11/24
CRH (CDI)
7,872.00p
17:15 18/11/24
DJ EURO STOXX 50
4,790.33
23:59 18/11/24
FTSE 100
8,109.32
16:35 18/11/24
FTSE 350
4,473.50
17:09 18/11/24
FTSE All-Share
4,431.13
16:49 18/11/24
But whereas in the US activity is expected to have picked up in both sectors, in the UK economists are anticipating a slowdown - albeit quite modest.
Euro area Purchasing Managers Indices, which are derived from such surveys, are also forecast to show a modest slowing in the economy.
In the emerging market space meanwhile, rate-setters in Nigeria will meet to decide on policy.
For CRH's third quarter trading update, UBS analyst Gregor Kuglitsch is anticipating like-for-like sales growth of 2% on the back of growth in Europe Materials, Americas Materials and Building Products.
Second half earnings before interest, taxes, depreciation and amortisation meanwhile were seen 3% higher in the back half of the year.
Kuglitsch told clients that the third quarter should run broadly in line with that trend.
Full-year 2021 EBITDA meanwhile was pegged at $5.2bn, against consensus for $5.16bn.
Tuesday 23 November
INTERIMS
AO World, Caledonia Investments, Caledonian Trust, Calnex Solutions , Cranswick, Helical, IG Design Group, Pets at Home Group , Record, Schroder Real Estate Investment Trust Ltd, Severfield, Severn Trent, Trifast, Victoria
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Gross Domestic Product (GER) (07:00)
FINALS
Avon Protection, Compass Group
ANNUAL REPORT
Focusrite
AGMS
JPEL Private Equity Limited USD Eqty Shs NPV, Leeds Group, Orient Telecoms , Physiomics, PZ Cussons, Scancell Holdings, Transense Technologies
TRADING ANNOUNCEMENTS
Petershill Partners
FINAL DIVIDEND PAYMENT DATE
Close Brothers Group