Tuesday preview: US CPI, UK employment in focus
Tuesday will bring with it the week's key data release, the U.S. Consumer Price Index for the month of February.
FTSE 100
8,184.24
17:04 04/11/24
FTSE 350
4,511.23
16:54 04/11/24
FTSE All-Share
4,468.37
16:54 04/11/24
Household Goods & Home Construction
12,631.67
16:54 04/11/24
Persimmon
1,460.50p
16:40 04/11/24
Should headline CPI stay put at 3.1% year-on-year, as per the consensus, that may keep alive expectations that interest rate cuts could begin towards mid-year.
Just as important, core CPI was seen ticking lower to an annual rate of 3.7%, versus a January reading of 3.9%.
Earlier, at 0700 GMT, the Office for National Statistics will publish its January employment report.
Across the Channel, before the market open, Germany's Ministry of Finance will release a reading for consumer prices in February.
In the company space meantime, homebuilder Persimmon is scheduled to release its full-year numbers.
Morgan Stanley analyst Cedar Ekblom has penciled-in a 26% drop in second half sales to reach £1.57bn, for a near halving in underlying gross profit to £307m.
Earnings per share meanwhile is pegged to come in at 51.8p or down by 26% over the year.
Tuesday 12 March
INTERIMS
Fonix Mobile , Fonix Mobile , Fonix Mobile , Target Healthcare Reit Ltd
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Budget Statement (US) (18:00)
Consumer Price Index (GER) (07:00)
Consumer Price Index (US) (12:30)
Q3
Ashtead Group
GMS
RBG Holdings
FINALS
BATM Advanced Communications Ltd., Costain Group, Domino's Pizza Group, Domino's Pizza Group, Foresight Solar Fund Limited, Genuit Group, H&T Group, Persimmon, Synthomer, TI Fluid Systems, TP Icap Group
AGMS
Impax Asset Management Group, Seed Capital Solutions , Shoe Zone
UK ECONOMIC ANNOUNCEMENTS
Claimant Count Rate (07:00)
Unemployment Rate (07:00)