Week ahead: Russia, Global inflation in focus
Russia is set to celebrate the fall of Nazi Germany with military parades throughout the country on Monday, but some observers fear that Moscow might use the event to double-down on the disastrous decision to invade its smaller neighbour.
It is against that backdrop that, over the coming week, investors will be focusing on inflation, with consumer price growth in the US expected to have slowed even as it picked up in China and in some euro area countries.
Data due out on Wednesday is seen revealing a slowdown in the annual rate of growth in US CPI from 8.5% in March to 8.1% for April.
In a research note published on 5 May, economists at Barclays Research made the same prediction, adding that they saw CPI slowing to 5.7% by December, although that was up from a prior forecast of 5.0%.
At the core level meanwhile, consensus was for CPI to edge lower, from 6.5% to 6.0% and Barclays expected core CPI to slip to a 4.2% clip by the end of 2022 and 2.8% by December 2023.
"The increases in agriculture commodity futures prices, including higher fertilizer costs, following Russia's invasion of Ukraine, pose risks of higher costs for food-at-home categories over the course of the year," they added.
"In addition, a pickup in demand for hospitality services as consumption pivots towards services could drive prices higher, including for restaurants and other food-away-from home categories."
CPI figures due out in China come Tuesday on the other hand are seen revealing a pick up in price pressures from 1.5% in March to a still relatively tame 1.9% for April.
Chinese foreign trade numbers for April are also due out, on Sunday, 8 May.
The results of a slew of US Treasury auctions scheduled for over the coming week may be another one of the main talking points.
On home shores, GDP on Thursday is forecast to reveal quarter-on-quarter growth of 1.0% for the first three months of the year.
Across the Channel, Tuesday will bring with it the ZEW institute's economic confidence gauge for Germany.
It will be followed by final readings for German CPI on Wednesday as well as reports on French and Spanish CPI on Friday.
Monday 09 May
QUARTERLY EX-DIVIDEND DATE
INTERNATIONAL BUSINESS MACHINES CORPORATION COM STK USD0.20 (CDI)
SPECIAL EX-DIVIDEND DATE
SLF Realisation Fund Limited C Shs NPV, SLF Realisation Fund Limited NPV
AGMS
Aviva, Maintel Holdings, Midwich Group
FINAL DIVIDEND PAYMENT DATE
Phoenix Group Holdings
Q1
Kosmos Energy (DI)
Tuesday 10 May
INTERIMS
Treatt
INTERIM DIVIDEND PAYMENT DATE
VinaCapital Vietnam Opportunity Fund Ltd.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Wholesales Inventories (US) (15:00)
ZEW Survey (EU) - Economic Sentiment (10:00)
ZEW Survey (GER) - Current Situation (10:00)
ZEW Survey (GER) - Economic Sentiment (10:00)
FINALS
FD Technologies Public Limited Company, Shanta Gold Ltd., Skillcast Group, Trellus Health
ANNUAL REPORT
Shanta Gold Ltd.
EGMS
Doric Nimrod Air One Ltd
AGMS
Albion Development VCT, Centamin (DI), Direct Line Insurance Group, Fidelity European Trust, Gresham Technologies, HGCapital Trust, IWG , Just Group, Just Group, Macfarlane Group, Sancus Lending Group Limited NPV, Sancus Lending Group Limited NPV, Temple Bar Inv Trust
FINAL DIVIDEND PAYMENT DATE
Capital Limited (DI), Domino's Pizza Group, F&C Investment Trust, Hammerson, Rathbone Group, Scotgems, Spirent Communications
Wednesday 11 May
INTERIMS
Brewin Dolphin Holdings, Compass Group, Ten Lifestyle Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (US) (13:30)
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
FINALS
Airtel Africa , Anexo Group , Angling Direct , Mirriad Advertising , Vertu Motors
AGMS
Abrdn Asian Income Fund Limited NPV, Antofagasta, Capricorn Energy, Capricorn Energy, Cenkos Securities, Clarkson, Conduit Holdings Limited Com Shs (DI), Harbour Energy , Hostelworld Group , Impact Healthcare Reit , Irish Continental Group Units (Comp) (CDI), Jupiter Fund Management , LungLife AI, Inc (DI) (Reg S), Marshalls, Maven Income & Growth 4 VCT, National Express Group, Rentokil Initial, Savills, Schroder Asian Total Return Investment Company , Spirax-Sarco Engineering, Spire Healthcare Group, Tasty, Tasty, Tclarke , TP Icap Group , Transgloble Energy Corporation NPV (DI), Uniphar (CDI), Windward Ltd. (DI)
TRADING ANNOUNCEMENTS
Conduit Holdings Limited Com Shs (DI), Renishaw, Spirax-Sarco Engineering
UK ECONOMIC ANNOUNCEMENTS
Retail Sales (00:01)
FINAL DIVIDEND PAYMENT DATE
Dairy Farm International Holdings Ltd (Bermuda), Dairy Farm International Holdings Ltd. (Jersey), Dairy Farm International Holdings Ltd. (Singapore), Hongkong Land Holding Ltd. (Bermuda), Hongkong Land Holding Ltd. (Jersey), Hongkong Land Holding Ltd. (Sing.Reg), Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Matheson Holdings Ltd. (Bermuda), Jardine Matheson Holdings Ltd. (Jersey), Smith & Nephew
Q1
Bank of Georgia Group, CableVision Holdings S.A. GDS, Grupo Clarin SA GDR (Reg S)
Thursday 12 May
INTERIMS
Grainger, Titon Holdings, Versarien
INTERIM DIVIDEND PAYMENT DATE
SCS Group
INTERIM EX-DIVIDEND DATE
Avingtrans, Coca-Cola Europacific Partners (DI), Fidelity Special Values, Focusrite, VH Global Sustainable Energy Opportunities
QUARTERLY EX-DIVIDEND DATE
BP, Custodian Reit , Ediston Property Investment Company, Greencoat Renewables (CDI), Honeywell International Inc., Octopus Renewables Infrastructure Trust , Picton Property Income Ltd, The Renewables Infrastructure Group Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
Producer Price Index (US) (13:30)
Q3
Seraphim Space Investment Trust
GMS
Quilter
FINALS
BT Group
ANNUAL REPORT
Plant Health Care
IMSS
Hargreaves Lansdown
AGMS
Alfa Financial Software Holdings , Alfa Financial Software Holdings , Anglo Pacific Group, Baillie Gifford Shin Nippon, Balfour Beatty, BP, Bridgepoint Group (Reg S) , Cairn Homes (CDI), Cineworld Group, Cineworld Group, Circassia Group , Condor Gold, Contour Global , Convatec Group , Empresaria Group, Eurocell , FBD Holdings (CDI), Genel Energy, Gresham House, Hiscox Limited (DI), Howden Joinery Group, Lloyds Banking Group, Logistics Development Group, Logistics Development Group, Luceco , Michelmersh Brick Holdings, OSB Group , Quilter, Rolls-Royce Holdings, Secure Trust Bank, Serinus Energy NPV, Shefa Gems Ltd (DI), SIG, SIG, The Gym Group, Unbound Group, Unite Group
TRADING ANNOUNCEMENTS
Balfour Beatty
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (07:00)
GDP (Preliminary) (07:00)
Gross Domestic Product (07:00)
Index of Services (07:00)
Industrial Production (07:00)
Manufacturing Production (07:00)
RICS Housing Market Survey (00:01)
FINAL DIVIDEND PAYMENT DATE
Moneysupermarket.com Group, Standard Chartered, Transgloble Energy Corporation NPV (DI)
FINAL EX-DIVIDEND DATE
Aptitude Software Group , Bank of Ireland Group (CDI), Barr (A.G.), BlackRock Smaller Companies Trust, Centaur Media, Clarkson, Empresaria Group, Epwin Group, Foxtons Group , Franchise Brands, Greggs, Gresham House, H&T Group, Holders Technology, Inchcape, Lancashire Holdings Limited, Macfarlane Group, Phoenix Spree Deutschland Limited Shs NPV , Reach, Serco Group, Strix Group , Tandem Group
Friday 13 May
INTERIMS
Sage Group
INTERIM DIVIDEND PAYMENT DATE
Smiths Group, Softcat
QUARTERLY PAYMENT DATE
City of London Inv Trust, JPMorgan Japan Small Cap Growth & Income, Marsh & Mclennan Cos Inc., Scottish Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Import and Export Price Indices (US) (13:30)
Industrial Production (EU) (10:00)
U. of Michigan Confidence (Prelim) (US) (15:00)
GMS
Gresham House Energy Storage Fund
AGMS
Derwent London, Joint Stock Company National Atomic Company Kazatomprom GDR (Reg S) , Metro Bank, TT Electronics, TT Electronics
TRADING ANNOUNCEMENTS
Contour Global
FINAL DIVIDEND PAYMENT DATE
AIB Group (CDI), Alpha Fx Group , Antofagasta, Drax Group, Dunedin Enterprise Investment Trust, HGCapital Trust, Hunting, Ibstock , IMI, Photo-Me International, Taylor Wimpey, Travis Perkins, Uniphar (CDI)