Week ahead: ECB minutes and UK CPI in focus
The macroeconomic agenda will slow down next week, although the minutes of the European Central Bank’s last policy meeting and inflation data out on Tuesday will merit close attention.
The former may help to shed some light on the chances of the European Central Bank following through with another interest rate cut or an extension of its programme of quantitative easing when it next meets on 15-16 December.
In testimony to the European parliament on 12 November, European Central Bank president Mario Draghi appeared to hint that he still had a few more rounds left in his policy arsenal. However, in recent times some ex-central bankers had questioned whether the ECB will move again before the US Federal Reserve does so.
UK consumer price figures due out on Tuesday should also be monitored. The forecast from Credit Suisse was for CPI to stay put at a year-on-year rate of -0.1%.
Low consumer prices were perhaps the chief factor weighing on the Bank of England’s recent policy deliberations and the reason behind the ‘dovish’ message it delivered after the last meeting of the monetary policy committee.
Data on UK house prices (Monday), factory gate prices (Tuesday), retail sales (Thursday), industrial trends (Thursday) and public sector borrowing (Friday) were all set for release over the coming week.
Monday 16 November
INTERIMS
Schroder Real Estate Investment Trust Ltd
INTERIM DIVIDEND PAYMENT DATE
InterQuest Group, Jiasen International Holdings Ltd, Sagicor Financial Corp.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (EU) (10:00)
Harmonised Index of Consumer Prices (EU) (10:00)
Q3
Sherborne Investors (Guernsey) 'B' Limited, Telecom Egypt SAE GDS (Regs)
GMS
EFG-Hermes Holding SAE GDR (Reg S), Impellam Group
FINALS
Diploma
IMSS
FBD Holdings, Green Reit, Keller Group, Taylor Wimpey
EGMS
Lekoil Ltd (DI)
AGMS
Avation, Capital Lease Aviation, Tanfield Group, Transense Technologies, Wolf Minerals Limited
TRADING ANNOUNCEMENTS
Industrial Mlulti Propety Trust
FINAL DIVIDEND PAYMENT DATE
Bailey (C.H.), DX (Group), Wilmington
Tuesday 17 November
INTERIMS
Big Yellow Group, Blinkx, Entertainment One Limited, Halma, Homeserve, Intermediate Capital Group, Mckay Securities
INTERIM DIVIDEND PAYMENT DATE
Aviva, Seplat Petroleum Development Company (DI)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Capacity Utilisation (US) (14:15)
Consumer Price Index (US) (13:30)
Industrial Production (US) (14:15)
New Car Registrations (EU) (10:00)
ZEW Survey (EU) (10:00)
ZEW Survey (GER) (10:00)
Q2
Big Yellow Group
Q3
Nord Gold NV GDR (Reg S)
FINALS
Enterprise Inns
EGMS
B.S.D Crown Ltd (DI)
AGMS
Animalcare Group, Bluefield Solar Income Fund Limited, Craneware, Eagle Eye Solutions Group, Global Petroleum Ltd., JPMorgan Emerging Markets Inv Trust, Madagascar Oil Ltd (DI), Mobile Streams, New World Oil And Gas, Smiths Group, Spectra Systems Corporation
TRADING ANNOUNCEMENTS
Coats Group, Devro, Spirax-Sarco Engineering
UK ECONOMIC ANNOUNCEMENTS
Consumer Price Index (09:30)
Producer Price Index (09:30)
Retail Price Index (09:30)
Wednesday 18 November
INTERIMS
Eckoh, HICL Infrastructure Company Ltd, NewRiver Retail Limited, Picton Property Income Ltd, UK Mail Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Building Permits (US) (15:00)
Crude Oil Inventories (US) (15:30)
FOMC Interest Rate Minutes (US) (19:00)
Housing Starts (US) (15:00)
MBA Mortgage Applications (US) (12:00)
GMS
RapidCloud International
FINALS
Avon Rubber
IMSS
IFG Group
AGMS
Allergy Therapeutics, Henderson EuroTrust, Jupiter US Smaller Companies , Orosur Mining Inc, Sabien Technology Group, SCS Group , South32 Limited (DI)
TRADING ANNOUNCEMENTS
Hastings Group Holdings
FINAL DIVIDEND PAYMENT DATE
Strategic Equity Capital
Thursday 19 November
INTERIMS
Dart Group, Investec, Johnson Matthey, Mothercare, Poundland Group , QinetiQ Group, Royal Mail
INTERIM DIVIDEND PAYMENT DATE
Dillistone Group, Saga
INTERIM EX-DIVIDEND DATE
Braemar Shipping Services, Bunzl, DCC, Downing Three VCT F Shs, Downing Three VCT H Shs, Downing Two VCT F Shs , Downing Two VCT G Shs, E2V Technologies, Edge Performance VCT 'F' Shares, First Derivatives, Grafenia , Great Portland Estates, Hill & Smith Holdings, IFG Group, Liontrust Asset Management, Martin Currie Asia Unconstrained Trust , Prime People, Ranger Direct Lending Fund, Sainsbury (J), Scottish Mortgage Inv Trust, Sophos Group , Spire Healthcare Group, TalkTalk Telecom Group , Tate & Lyle, Vodafone Group, Whitbread
QUARTERLY EX-DIVIDEND DATE
Blackrock North American Income Trust , Canaccord Genuity Group Inc., Carnival, M Winkworth, MedicX Fund Ltd., Utilico Investments Ltd (DI)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Payments (EU) (09:00)
Continuing Claims (US) (13:30)
Current Account (EU) (09:00)
Initial Jobless Claims (US) (13:30)
Leading Indicators (US) (15:00)
Philadelphia Fed Index (US) (15:00)
Q3
Frutarom Industries Ltd GDR (Reg S), MHP SA GDR (Reg S), New World Resources A Shares
GMS
TechFinancials (DI)
FINALS
Euromoney Institutional Investor, Grainger
IMSS
Catlin Group Ltd., Centrica, CRH, Plaza Centers NV, Ted Baker
SPECIAL EX-DIVIDEND PAYMENT DATE
Calculus VCT, Manchester & London Investment Trust, Prime People
EGMS
El Oro Ltd, Great Eastern Energy Corp Ltd. GDR
AGMS
Close Brothers Group, Genus, Imperial Innovations Group, JPMorgan Global Markets Emerging Income Trust, Ludgate Environmental Fund Ltd., Ruffer Investment Company Ltd Red PTG Pref Shares, SQN Asset Finance Income Fund Limited
UK ECONOMIC ANNOUNCEMENTS
CBI Industrial Trends Surveys (11:00)
Internet Retail Sales (09:30)
Retail Sales (09:30)
FINAL DIVIDEND PAYMENT DATE
Hansard Global, Penna Consulting, Thorpe (F.W.)
FINAL EX-DIVIDEND DATE
AB Dynamics, Craneware, Digital Globe Services Ltd (DI), Edinburgh Dragon Trust, Fidelity Special Values, Genus, GETECH Group, Lok'n Store Group, London Finance & Investment Group, Manchester & London Investment Trust, MJ Gleeson , Sanditon Investment Trust, Tristel, World Careers Network
Friday 20 November
INTERIMS
Alpha Real Trust Ltd.
INTERIM DIVIDEND PAYMENT DATE
Bovis Homes Group, Hansteen Holdings, Harvey Nash Group, Howden Joinery Group, Menzies(John), ProVen Growth & Income VCT, ProVen VCT, Quantum Pharma, Smart Metering Systems, Ted Baker
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence Indicator (EU) (10:00)
Producer Price Index (GER) (07:00)
Q3
Biofrontera AG (DI)
GMS
Gresham House
SPECIAL DIVIDEND PAYMENT DATE
Barratt Developments
AGMS
Celtic, Crystal Amber Fund Ltd., Henderson International Income Trust, Ibex Global Solutions, People's Operator (The) , Plutus PowerGen, Red Emperor Resources NL (DI)
TRADING ANNOUNCEMENTS
Spectris
UK ECONOMIC ANNOUNCEMENTS
Public Sector Finances (09:30)
FINAL DIVIDEND PAYMENT DATE
Barratt Developments, Dechra Pharmaceuticals, New Star Investment Trust, Revolution Bars Group, Sky, Smiths Group