Thursday preview: US CPI, Jupiter Fund Management in focus
All eyes will be on the latest reading on US consumer prices referencing the month of September.
In the wake of the recent run-up in government bond yields, traders may prove more sensitive than usual to any overshoot in inflation vis-a-vis market expectations.
The consensus forecast from economists is for a slowdown in the rate of advance in headline CPI from a year-on-year clip of 2.7% for August to a 2.4% pace in September, but for the 'core' rate to pick-up from 2.2% to 2.3%.
However, in the wake of Wednesday's producer price data, which revealed a large increase in airfares, some analysts were cautioning about upside risks in the upcoming release.
Back in the UK, the Bank of England is scheduled to release its Credit Conditions Survey for the third quarter at 0930 BST.
In the background meanwhile, the Bank's chief economist, Andy Haldane, was to attend townhall meetings in the West Midlands.
Across the Channel, attention was expected to be on the minutes of the European Central bank's last policy meeting, at noon.
Farther afield, market participants were also likely to be keeping close tabs on developments at the G-20 finance ministers and central bank governors' meeting and IMF/World Bank annual meetings, both in Bali, Indonesia.
On the corporate side of things, and for Jupiter Fund Management's third quarter trading statement, analysts at UBS expected investors' focus to be on the quantum of recent outflows from its flagship Dynamic Bond Fund.
The Swiss broker's forecast was for the fund manager to report a 0.5% quarter-on-quarter drop in assets under management to £48.0bn, driven by £600m of outflows over the third quarter, which would more than offset a positive market performance.
Investors were also expected to focus on inflows into the firm's institutional segment, especially as pertained to its potential to offset outflows from the retail arm.
Hays was also scheduled to update investors, but on its first quarter performance, with UBS anticipating the spotlight to be on the sustainability of the recruiter's growth over the fiscal year that had just begun due to the tough comparables.
The broker also expected it would report a slowdown - albeit already anticipated - in top-line growth to 10% following an increase of 15% over the prior quarter, led by the performance of its German operations.
Nevertheless, the broker didn't expect any material changes to consensus estimates to materialise on the back of the results.
Thursday October 11
Brown (N.) Group
INTERIM DIVIDEND PAYMENT DATE
Forterra, Macfarlane Group, Restaurant Group, Zotefoams
INTERIM EX-DIVIDEND DATE
Andrews Sykes Group, Anglo Asian Mining, CareTech Holding, Centrica, Charles Taylor, Curtis Banks Group, JPMorgan Japan Smaller Companies Trust, Learning Technologies Group , Manx Telecom , Morgan Sindall Group, OneSavings Bank, Scisys, Spectris, Spirax-Sarco Engineering, Staffline Group, STM Group, Tandem Group, Ted Baker, Tesco, Volga Gas, Weir Group
QUARTERLY PAYMENT DATE
GlaxoSmithKline, XP Power Ltd. (DI)
QUARTERLY EX-DIVIDEND DATE
BlackRock Latin American Inv Trust, F&C Commercial Property Trust Ltd., Fair Oaks Income Limited 2017 Shs NPV, JPMorgan Asian Investment Trust, Marsh & Mclennan Cos Inc., Middlefield Canadian Income PCC, Primary Health Properties
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (US) (13:30)
Continuing Claims (US) (13:30)
Crude Oil Inventories (US) (16:00)
Initial Jobless Claims (US) (13:30)
Hargreaves Lansdown, LXI Reit
Volution Group (WI), WH Smith
SPECIAL EX-DIVIDEND DATE
Barratt Developments, JPMorgan Mid Cap Inv Trust, Superdry
Artemis Alpha Trust, Foresight 4 VCT, Mayan Energy Limited (DI)
Countryside Properties, Discoverie Group, Dunelm Group, Hays, Jupiter Fund Management , Mondi, Moneysupermarket.com Group
FINAL DIVIDEND PAYMENT DATE
South32 Limited (DI) , United Carpets Group
FINAL EX-DIVIDEND DATE
Barratt Developments, Begbies Traynor Group, City of London Investment Group, Close Brothers Group, CPL Resources, Fidelity Asian Values, JPMorgan Mid Cap Inv Trust, Murgitroyd Group, Octagonal, Strategic Equity Capital