Week ahead: ECB rate meeting, Fed's Powell in focus
Financial markets' focus over the coming week will shift towards with the European Central Bank's policy meeting on Thursday front and centre on investors' minds.
In recent days, consensus has shifted towards expectations for a 75 basis point hike in its main refinancing rate to 1.25%.
For their part, economists at Barclays Research are also expecting the ECB to keep its tiered system of excess reserves remuneration.
Investors will also be analysing Russian state-owned natural gas giant Gazprom's apparent decision last Friday to suspend flows to Germany indefinitely and its impact on financial markets.
Against that backdrop, Monday will see the release of final readings for S&P Global's euro area and UK Purchasing Managers' Indices for services sector activity in the month of August.
The next day it will be the Institute for Supply Management's turn to release its own US services PMI.
Worth noting, several Federal ,Reserve officials will be taking to the podium over the course of the week.
Not least among them will Fed chairman Jerome Powell on Thursday.
In Asia, Wednesday will bring with it figures for Chinese foreign trade, also covering the month of August, followed by readings on consumer and producer prices in Asia´s largest economy, on Friday.
Rate-setters in Sydney will be meeting to decide on rates on Wednesday, followed by their peers in Malaysia on Thursday.
Monday 05 September
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
PMI Composite (EU) (09:00)
PMI Composite (GER) (08:55)
PMI Services (EU) (09:00)
PMI Services (GER) (08:55)
Retail Sales (EU) (10:00)
FINALS
Dechra Pharmaceuticals
AGMS
LXI Reit , Totally
UK ECONOMIC ANNOUNCEMENTS
PMI Composite (09:30)
PMI Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Pennon Group, Triple Point VCT 2011 Venture
Tuesday 06 September
INTERIMS
Capricorn Energy, Gamma Communications, Headlam Group, Inspired, IQE, Lords Group Trading, Luceco , Michelmersh Brick Holdings, Quixant, Starwood European Real Estate Finance Ltd, The Pebble Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Factory Orders (GER) (07:00)
ISM Prices Paid (US) (15:00)
ISM Services (US) (15:00)
PMI Composite (US) (14:45)
PMI Services (US) (14:45)
FINALS
Accrol Group Holdings, Alumasc Group, NCC Group, PCI-PAL
ANNUAL REPORT
Hargreaves Lansdown
IMSS
Luceco
EGMS
SDIC Power Holdings Co.,Ltd GDR (Reg S)
AGMS
Abrdn New Dawn Investment Trust, Ashtead Group, Berkeley Group Holdings (The), Brickability Group , Castelnau Group Limited, Monks Inv Trust, Renold, Smith (DS)
UK ECONOMIC ANNOUNCEMENTS
PMI Construction (09:30)
FINAL DIVIDEND PAYMENT DATE
Royal Mail
Wednesday 07 September
INTERIMS
Equals Group , M&C Saatchi, Petropavlovsk, Tissue Regenix Group
INTERIM DIVIDEND PAYMENT DATE
Scotgems
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (US) (13:30)
Crude Oil Inventories (US) (15:30)
Gross Domestic Product (EU) (10:00)
Industrial Production (GER) (07:00)
MBA Mortgage Applications (US) (12:00)
EGMS
CVC Income & Growth Limited NPV Euro
AGMS
Bluerock Diamonds, Grand Vision Media Holdings , Halfords Group, Okyo Pharma Limited NPV, Redcentric, Redcentric, Seed Innovations Limited, Solid State, Taylor Maritime Investments Limited NPV, Trifast, Yellow Cake
UK ECONOMIC ANNOUNCEMENTS
Halifax House Price Index (07:00)
Thursday 08 September
INTERIMS
Arecor Therapeutics , Cairn Homes (CDI), Destiny Pharma , International Public Partnerships Ltd., M Winkworth, Melrose Industries, MPAC Group, Oakley Capital Investments Ltd. (DI), Shield Therapeutics, Sourcebio International, Spire Healthcare Group, Vistry Group
INTERIM DIVIDEND PAYMENT DATE
Relx plc
INTERIM EX-DIVIDEND DATE
Athelney Trust, BBGI Global Infrastructure S.A. NPV (DI), Bristol Water 'A' 8 3/4% Cum Irrd Prf, Camellia, Chesnara, CLS Holdings, CRH (CDI), Croda International, Derwent London, Franchise Brands, Globaldata, Globalworth Real Estate Investments Limited, Grafton Group Ut (CDI), Greggs, H&T Group, Harbour Energy , Holders Technology, Kingspan Group (CDI), Maven Income & Growth 4 VCT, RSA Insurance Group Limited 7 3/8% Cum Irrd Prf #1, Serco Group, Stand.Ch.7te%pr, Standard Chartered 8 1/4% Non-Cum Irrd Pref, Uniphar (CDI), Wentworth Resources NPV, Woodside Energy Group Ltd NPV (DI), Zotefoams
QUARTERLY PAYMENT DATE
Wheaton Precious Metals Corp.NPV (CDI)
QUARTERLY EX-DIVIDEND DATE
Assura , Round Hill Music Royalty Fund Limited NPV, XP Power Ltd. (DI)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Credit (US) (20:00)
Continuing Claims (US) (13:30)
ECB Interest Rate (EU) (13:15)
Initial Jobless Claims (US) (13:30)
FINALS
Duke Royalty Limited, Genus, Sylvania Platinum Ltd (DI)
SPECIAL EX-DIVIDEND DATE
Alfa Financial Software Holdings , NB Distressed Debt Investment Fund Limited Ext Shs, NB Distressed Debt Investment Fund Limited Red Ord, Schroder European Real Estate Investment Trust
AGMS
Atlantis Japan Growth Fund Ltd., Chariot Limited, Currys , Invesco Asia Trust, LendInvest , Lindsell Train Inv Trust, Montanaro European Smaller Companies Trust, Mulberry Group, Polar Capital Technology Trust, SDV 2025 ZDP, Severfield, Severfield, Severfield, Sysgroup, W H Ireland Group, XPS Pensions Group
TRADING ANNOUNCEMENTS
Safestore Holdings
UK ECONOMIC ANNOUNCEMENTS
RICS Housing Market Survey (00:01)
FINAL EX-DIVIDEND DATE
Alpha Financial Markets Consulting, Baltic Classifieds Group, Braemar Shipping Services, DWF Group , Manolete Partners, MIGO Opportunities Trust, Severfield, Totally
Friday 09 September
INTERIM DIVIDEND PAYMENT DATE
Baronsmead Second Venture Trust, Baronsmead Venture Trust, Berkeley Group Holdings (The), Chemring Group, Conduit Holdings Limited Com Shs (DI), Direct Line Insurance Group, Informa, Keller Group, Man Group, Mincon Group (CDI), Nichols, Quartix Technologies, Rotala, Tyman
QUARTERLY PAYMENT DATE
ContourGlobal , Real Estate Credit Investments Ltd, Seplat Energy (DI), Tritax Eurobox (EUR), Tritax Eurobox (GBP)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Wholesales Inventories (US) (15:00)
AGMS
Baillie Gifford UK Growth Trust, BH Macro Ltd. GBP Shares, Gear4music (Holdings), ReNeuron Group, Victoria
FINAL DIVIDEND PAYMENT DATE
Abrdn New Dawn Investment Trust, Ashtead Group, Monks Inv Trust