Alexander Bueso Sharecast News
11 Sep, 2024 20:12

Thursday preview: ECB, IG Group in focus

ecb dl 3 euro bonds frankfurt germany economy
Eurotower, Frankfurt am Main, GermanyCourtesy of the European Central Bank

Investors' focus on Thursday will shift to the other side of the Channel, where the European Central Bank is scheduled to announce its policy decision.

Financial Services

16,256.94

16:30 17/09/24
-0.72%
-117.33

FTSE 250

20,944.60

16:55 17/09/24
n/a
n/a

FTSE 350

4,585.30

16:30 17/09/24
n/a
n/a

FTSE All-Share

4,541.00

16:30 17/09/24
n/a
n/a

IG Group Holdings

950.00p

16:45 17/09/24
-1.61%
-15.50p

At 1215 BST, rate-setters in Frankfurt are widely expected to announce a 25 basis point reduction in all of the ECB's main policy rates.

That would leave the main refinancing rate at 4.0% and the rate on the deposit facility at 3.5%.

There is also a fair amount of interest in what the monetary authority may have to say on the outlook for policy.

Worth noting, the ECB announcement will precede the US Federal Reserve's rate decision that is due out during the following week.

In the States, at 1230 BST the Department of Labor is scheduled to publish the latest weekly jobless claims figures and monthly producer price data.

IG Group will deliver an update on first quarter revenues on Thursday.

UBS analyst Haley Tam has pencilled in revenues of £257.3m, versus the consensus for £233.8m.

At the time of its full-year results, IG had signalled that it was comfortable with the analyst consensus for full-year FY25 revenues of approximately £1.03m.

Thursday 12 September

INTERIMS

Aquis Exchange , Checkit, Harworth Group, Inspired, Keystone Law Group , Oakley Capital Investments Ltd. (DI), Spire Healthcare Group

INTERIM EX-DIVIDEND DATE

Alpha Group International, Apax Global Alpha Limited , Athelney Trust, Bakkavor Group , Cairn Homes (CDI), Churchill China, Costain Group, Dalata Hotel Group (CDI), Direct Line Insurance Group, Endeavour Mining, Eurocell , Globalworth Real Estate Investments Limited, Grafton Group Ut (CDI), International Public Partnerships Ltd., Intertek Group, Irish Continental Group Units (Comp) (CDI), Macfarlane Group, Mears Group, Midwich Group, Pollen Street Group Limited, Sherborne Investors (Guernsey) C Limited NPV, TT Electronics, Uniphar (CDI)

QUARTERLY PAYMENT DATE

Brunner Inv Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Budget Statement (US) (19:00)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

Producer Price Index (US) (13:30)

GMS

Sovereign Metals Limited NPV (DI)

FINALS

Brooks Macdonald Group, Kier Group, Renishaw

ANNUAL REPORT

Invesco Asia Trust

AGMS

Baker Steel Resources Trust Ltd., Eckoh, Invesco Asia Trust, Solid State, Twentyfour Income Fund Limited Ord Red

TRADING ANNOUNCEMENTS

Trainline

UK ECONOMIC ANNOUNCEMENTS

RICS Housing Market Survey (00:01)

FINAL EX-DIVIDEND DATE

Baltic Classifieds Group, BHP Group Limited NPV (DI), Colefax Group, DSW Capital, National Westminster 9%pf, Trifast

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