Tuesday preview: Global PMIs, CRH in focus

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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.

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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

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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

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Gross Domestic Product (GER) (07:00)

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Avon Protection, Compass Group

ANNUAL REPORT

Focusrite

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Petershill Partners

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Close Brothers Group