Thursday preview: Barrage of data expected in the US and Eurozone
Tui AG
€7.64
18:34 28/03/24
The economic calendar is chock full of relevant economic data on both sides of the Atlantic.
Cmc Markets
217.50p
16:45 28/03/24
Financial Services
14,827.91
17:14 28/03/24
FTSE All-Share
4,338.05
16:50 28/03/24
FTSE Small Cap
6,388.90
17:14 28/03/24
In the US, investors will be monitoring readings on foreign trade, durable goods orders and pending home sales for August.
On the other side of the Pond, in the euro area, a reading on German consumer confidence for October and money supply figures for the Eurozone in August are among the key data to keep an eye on.
European Central Bank president Mario Draghi and chief economist Peter Praet were both scheduled to take to the podium as well.
No major economic releases were due to be published in the UK.
Tour operator TUI AG is among the companies that are slated to update markets.
UBS analyst Cristian Nedelcu was forecasting 10% growth in underlying profits on an EBITA basis and in constant currencies, with full-year EBITA seen at €1,160m.
Nedelcu expected the UK market to have seen pressure on pricing and margins on the back of the hot weather and competition, while in France, the challenges which had been previously identified by the company were expected to have continued with UBS saying they may hav worsened.
In Germany, he believed the exit of Air Berlin had likely boosted airline capacity and thus TUI's bookings.
For its part, CMC Markets is set to publish a trading statement which Numis expects will provide a general indication of trading.
Usually, this IMS had been relatively short, Numis analyst Marcus Barnard said, but this would be the first one since the ESMA intervention on CFD leverage came into effect in August.
Barnard said he was keen for indications about the rate of conversion of retail clients into professional ones and whether it had reached the 40% of revenues mark.
He was also expecting revenues from retail clients to have fallen heavily since the ESMA intervention came into effect.
Thursday September 27
INTERIMS
888 Holdings, BioPharma Credit , Circassia Pharmaceuticals, Maistro, Midatech Pharma , Petropavlovsk, Saga
INTERIM DIVIDEND PAYMENT DATE
John Laing Infrastructure Fund Ltd, Legal & General Group, Prudential, Reckitt Benckiser Group, Wood Group (John)
INTERIM EX-DIVIDEND DATE
Advanced Medical Solutions Group, Applegreen, Bovis Homes Group, Christie Group, EMIS Group, Essentra, Flowtech Fluidpower, Global Ports Holding, Hansteen Holdings, Huntsworth, John Laing Group , JPMorgan Russian Securities, JTC, Medica Group , Morrison (Wm) Supermarkets, NAHL Group, Oakley Capital Investments Ltd. (DI), Octopus AIM VCT 2, SafeCharge International Group Limited (DI), Shore Capital Group Ltd., Smurfit Kappa Group, Somero Enterprises Inc. (DI), Strix Group , Wynnstay Group
QUARTERLY PAYMENT DATE
Fair Oaks Income Limited 2014 Shs NPV, Fair Oaks Income Limited 2017 Shs NPV, Volta Finance Limited
QUARTERLY EX-DIVIDEND DATE
Duke Royalty Limited, Funding Circle SME Income Fund, Mercantile Investment Trust (The), Real Estate Investors, Value and Income Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (10:00)
Consumer Confidence (EU) (10:00)
Continuing Claims (US) (13:30)
Durable Goods Orders (US) (13:30)
Economic Sentiment Indicator (EU) (10:00)
GFK Consumer Confidence (GER) (07:00)
Gross Domestic Product (US) (13:30)
Industrial Confidence (EU) (10:00)
Initial Jobless Claims (US) (13:30)
M3 Money Supply (EU) (09:00)
Pending Homes Sales (US) (15:00)
Personal Consumption Expenditures (US) (13:30)
Services Confidence (EU) (10:00)
FINALS
Bluefield Solar Income Fund Limited, Clinigen Group, CVS Group, Hansard Global
SPECIAL DIVIDEND PAYMENT DATE
Glencore
SPECIAL EX-DIVIDEND DATE
Bovis Homes Group, Diverse Income Trust (The), Hargreave Hale AIM VCT , Hargreaves Lansdown, Morrison (Wm) Supermarkets
AGMS
AdEPT Telecom, Alcentra Euorpean Floating Rate Income Fund Ltd Red Ord Shs, Arcontech Group, Galileo Resources, Joules Group, Mayan Energy Limited (DI), NWF Group, Ormonde Mining, Pembroke Vct, Pembroke Vct B, Shearwater Group , Sure Ventures , W H Ireland Group, Zamano, Zoo Digital Group
TRADING ANNOUNCEMENTS
CMC Markets, RPC Group
UK ECONOMIC ANNOUNCEMENTS
Nationwide House Price Index (07:00)
FINAL DIVIDEND PAYMENT DATE
Bilby, XPS Pensions Group
FINAL EX-DIVIDEND DATE
AdEPT Telecom, Beeks Financial Cloud Group, Consort Medical, Eckoh, ECO Animal Health Group, Fulcrum Utility Services Ltd. (DI), Hargreaves Lansdown, IG Group Holdings, K3 Capital Group , Kier Group, Norish Units, Pembroke Vct, Pembroke Vct B, PHSC, United Carpets Group