Wednesday preview: Coronavirus and Rio Tinto in focus
The market spotlight will shine bright on all things related to the Chinese coronavirus due to a dearth of regularly scheduled economic reports in all the main geographies.
FTSE 100
8,260.10
15:45 22/11/24
FTSE 350
4,551.10
15:45 22/11/24
FTSE All-Share
4,506.61
15:45 22/11/24
Mining
11,107.78
15:44 22/11/24
Rio Tinto
4,950.00p
15:45 22/11/24
The only tier-one data due out on Wednesday is in the States, with a reading on US existing home sales for the month of January due out at 1500 GMT.
Rio Tinto will publish its full-year results on Wednesday.
UBS anticipates a 21% increase in underlying earnings to $10.63bn (consensus: $10.2bn), with its iron ore unit set to deliver approximately 85% of the miner's net after tax profit, alongside 5% contributions from aluminium and copper.
The final dividend meanwhile was pegged at $3.08, made up of an ordinary dividend worth $2.46 - or 70% of earnings - and a special payout of $0.62.
That too would be more than $2.78 expected by analysts.
Similarly, net debt was expected to come in at $3.9bn, undershooting analysts' estimates for $4.9bn.
Wednesday February 26
INTERIMS
Avingtrans, Revolution Bars Group, Town Centre Securities
INTERIM DIVIDEND PAYMENT DATE
Cohort
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
New Homes Sales (US) (15:00)
Q4
Gran Tierra Energy Inc. (CDI)
FINALS
Avast, Gran Tierra Energy Inc. (CDI), PJSC MNC Norilsk Nickel ADR, Restaurant Group, Rio Tinto, Serco Group, Taylor Wimpey, William Hill
ANNUAL REPORT
Pantheon Resources
IMSS
Albion Venture Capital Trust
AGMS
Aberdeen Diversified Income and Growth Trust , Bankers Inv Trust, Baronsmead Venture Trust, Ediston Property Investment Company, PCGH ZDP , Polar Capital Global Healthcare Trust, SSP Group
FINAL DIVIDEND PAYMENT DATE
Dewhurst, Tharisa (DI)