Week ahead: Global trade, BoE in focus
Global trade frictions permitting, which they may not, the focus over the coming week is likely to be back on the Bank of England, with chief economist Andy Haldane scheduled to deliver the Annual Lecture at the Academy of Social Sciences on Thursday, at 1430 BST.
That day will mark just over a week since his decision to join the ranks of the policy 'hawks' on the Monetary Policy Committee, voting for an immediate 25 basis point hike in Bank Rate, in turn helping to bolster the pound by keeping expectations for a rate increase in August very much live.
Previously, on Tuesday, Jonathan Haskel, who some presume to be a 'dove' and who is due to take Ian McCafferty's seat on the MPC come September, will testify before the Treasury Select Committee at 1000 BST.
Regarding trade, markets will be watching for any further response out of Beijing's to Washington's latest moves or - with but the slightest of probabilities - some signal of a possible rapprochement.
Across the Channel, EU leaders are set to attend a summit in Brussels on 28 and 29 June, with Brexit high on the agenda.
Immigration will also be a hotly-debated topic, particularly given the current state-of-play in German politics.
So too, and on a more positive note perhaps, investors will be on the lookout for any further details on Franco-German plans for an EU budget.
Stateside, readings on durable goods orders, personal income and spending and foreign trade in May are scheduled for Wednesday and Friday.
They will help economists fill-in-the-blanks for their second quarter GDP growth forecasts, which at present are running at about 4.0%.
In Japan, Friday will bring with it readings on unemployment and industrial production for May and core-CPI in Tokyo for June.
Towards the end of the week, the spotlight will shift back towards the other side of the world, with readings on Chinese manufacturing and services sector PMIs expected on 30 June.
Monday June 25
INTERIMS
Porvair
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
New Homes Sales (US) (15:00)
Q2
Carnival, Carnival
GMS
ITE Group, Standard Life Aberdeen
FINALS
D4T4 Solutions, Polar Capital Holdings, Sutton Harbour Holdings
AGMS
United Oil & Gas , Asiamet Resources Limited (DI) , Augean, Coro Energy, JKX Oil & Gas, Pelatro , ProPhotonix (DI), Rasmala, Richoux Group, Telit Communications, Tiziana Life Sciences, TLA Worldwide , Volvere, Windar Photonics
FINAL DIVIDEND PAYMENT DATE
Andrews Sykes Group
Tuesday June 26
INTERIMS
Blue Prism Group
INTERIM DIVIDEND PAYMENT DATE
UDG Healthcare Public Limited Company
FINALS
Carpetright, HML Holdings, Northgate, Thruvision Group
EGMS
CVC Credit Partners European Opportunities Ltd GBP, JZ Capital Partners Ltd
AGMS
Achp, Altus Strategies , Capita, Chesterfield Resources , Echo Energy , Faroe Petroleum, Griffin Mining Ltd., Hummingbird Resources, JZ Capital Partners Ltd, LXI Reit , Marwyn Value Investors Limited, Morses Club , Surgical Innovations Group, Trans-Siberian Gold, Universe Group, Westminster Group
TRADING ANNOUNCEMENTS
Capita
UK ECONOMIC ANNOUNCEMENTS
BBA Mortgage Lending Figures (09:30)
CBI Distributive Trades Surveys (11:00)
FINAL DIVIDEND PAYMENT DATE
Aberdeen New Thai Inv Trust, Spire Healthcare Group
Wednesday June 27
INTERIM DIVIDEND PAYMENT DATE
Baring Emerging Europe
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
Durable Goods Orders (US) (13:30)
M3 Money Supply (EU) (09:00)
MBA Mortgage Applications (US) (12:00)
Pending Homes Sales (US) (15:00)
GMS
Relx plc
FINALS
Great Eastern Energy Corp Ltd. GDR, Liontrust Asset Management, Sysgroup, Tatton Asset Management , ULS Technology
AGMS
Amati AIM Vct , Animalcare Group, Atalaya Mining, British American Inv Trust, Caledonia Mining Corporation (DI), Crawshaw Group, DCD Media, Downing Strategic Micro-Cap Investment Trust Red, Dragon-Ukrainian Properties & Development, Exillon Energy, First Derivatives, Helios Underwriting, Hemogenyx Pharmaceuticals , HydroDec Group, Keystone Law Group , Kore Potash, Midatech Pharma , Monreal , Pacific Assets Trust, PJSC RusHydro ADR , Rockrose Energy, Rurelec, Shield Therapeutics, Sumo Group , Venn Life Sciences Holdings, Walker Greenbank, Watchstone Group, Wentworth Resources Ltd (DI), Whitbread
TRADING ANNOUNCEMENTS
Bunzl, Whitbread
FINAL DIVIDEND PAYMENT DATE
Ferrexpo, Maruwa Co Ltd., STM Group
FINAL EX-DIVIDEND DATE
Charles Stanley Group, Renewi
Thursday June 28
INTERIM DIVIDEND PAYMENT DATE
Triple Point Vct 2011 A
INTERIM EX-DIVIDEND DATE
JPMorgan Multi-Asset Trust, Produce Investments, RWS Holdings
QUARTERLY PAYMENT DATE
Total SA, Volta Finance Limited
QUARTERLY EX-DIVIDEND DATE
Aberdeen Diversified Income and Growth Trust , Alpha Real Trust Ltd., British American Tobacco, British Land Company, Duke Royalty Limited, Real Estate Credit Investments Ltd, Real Estate Investors, Standard Life Private Equity Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (10:00)
Consumer Confidence (EU) (10:00)
Continuing Claims (US) (13:30)
Economic Sentiment Indicator (EU) (00:00)
GFK Consumer Confidence (GER) (07:00)
Gross Domestic Product (US) (13:30)
Import Price Index (GER) (07:00)
Industrial Confidence (EU) (10:00)
Initial Jobless Claims (US) (13:30)
Personal Consumption Expenditures (US) (13:30)
Services Confidence (EU) (10:00)
FINALS
BCA Marketplace, Funding Circle SME Income Fund, Greene King, Latham (James), Redcentric, Smith (DS), Stagecoach Group, XPS Pensions Group
ANNUAL REPORT
Bluejay Mining
SPECIAL DIVIDEND PAYMENT DATE
Electra Private Equity, Morrison (Wm) Supermarkets, VinaLand Ltd
SPECIAL EX-DIVIDEND DATE
F&C Managed Portfolio Trust Income Shares, Octopus VCT 3, Octopus VCT 4, Record
AGMS
3i Group, Alexander Mining, Anpario, Cellcast, Cradle Arc, Edenville Energy , Energean Oil & Gas , Federal Grid Company Of Unified Energy System, Public Joint-Stock Company GDR (Reg S), Harvey Nash Group, I3 Energy , IDE Group Holdings, Immupharma, JD Sports Fashion, Metal Tiger , NMC Health, Pebble Beach Systems Group , Reach4Entertainment Enterprises, Scisys, Scottish Mortgage Inv Trust, Serica Energy, Sprue Aegis, Tandem Group, Third Point Offshore Investors Ltd. GBP Shares, Vianet Group, Victoria Oil & Gas, Wincanton, Xpediator
TRADING ANNOUNCEMENTS
Harvey Nash Group, Hunting, Tullow Oil, Wood Group (John)
UK ECONOMIC ANNOUNCEMENTS
Nationwide House Price Index (07:00)
FINAL DIVIDEND PAYMENT DATE
BlackRock Emerging Europe, British American Inv Trust, Centrica, Morrison (Wm) Supermarkets, Tongaat-Hulett Ltd.
FINAL EX-DIVIDEND DATE
B&M European Value Retail S.A. (DI), Babcock International Group, Bonmarche Holdings, Burberry Group, Caledonia Investments, Coca-Cola HBC AG (CDI), Gabelli Value Plus Trust , Gama Aviation , International Consolidated Airlines Group SA (CDI), JD Sports Fashion, Montanaro UK Smaller Companies Inv Trust, Morses Club , Next Fifteen Communications, Premier Technical Services Group , Record, VP
Friday June 29
INTERIM DIVIDEND PAYMENT DATE
Aberdeen Frontier Markets Investment Company, Artemis VCT, Blackrock Frontiers Investment Trust, British Empire Trust, Daily Mail and General Trust A (Non.V), easyHotel, Henderson European Focus Trust, Inland Homes, Jersey Electricity 'A' Shares, Northern Venture Trust, On The Beach Group , Orchard Funding Group , SSP Group , Victrex plc, Watkin Jones
QUARTERLY PAYMENT DATE
Albion Technology & General VCT, Blackrock North American Income Trust , BlackRock World Mining Trust, Ediston Property Investment Company, HICL Infrastructure Company Ltd, Honeycomb Investment Trust, MedicX Fund Ltd., NextEnergy Solar Fund Limited Red, Premier Global Infrastructure Trust, RM Secured Direct Lending, The Renewables Infrastructure Group Limited, TwentyFour Select Monthly Income Fund Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
Consumer Price Index (EU) (10:00)
Personal Consumption Expenditures (US) (13:30)
Personal Income (US) (13:30)
Personal Spending (US) (13:30)
Retail Sales (GER) (07:00)
U. of Michigan Confidence (US) (15:00)
Unemployment Rate (GER) (09:00)
GMS
Path Investments
FINALS
7Digital Group , European Wealth Group Limited
SPECIAL DIVIDEND PAYMENT DATE
Ferguson, Marshalls, Perpetual Income & Growth Inv Trust
EGMS
Global Ports Investments GDR (REG S)
AGMS
Altitude Group, Amedeo Resources, AppScatter Group, Auctus Growth, Avocet Mining, Beowulf Mining, BioPharma Credit , Crimson Tide, Fastjet, Glenveagh Properties, Gusbourne, Havelock Europa, Herencia Resources, Pennpetro Energy , Petropavlovsk, PJSC Gazprom Level 1 ADS, PJSC Megafon GDR (Reg S), President Energy, Public Joint Stock Company Rosseti GDR (Each REPR 200 ORD) Reg S, Strat Aero, Tower Resources, Velocys plc, W Resources, Widecells Group , World Trade Systems, ZCCM Investments Holdings 'B' Shares, Zhejiang Expressway Co 'H' Shares
TRADING ANNOUNCEMENTS
Reach
UK ECONOMIC ANNOUNCEMENTS
Consumer Credit (09:30)
Current Account (09:30)
GFK Consumer Confidence (00:01)
Gross Domestic Product (09:30)
Index of Services (09:30)
M4 Money Supply (09:30)
Mortgage Approvals (09:30)
FINAL DIVIDEND PAYMENT DATE
Computacenter, Dignity, Frenkel Topping Group, Hilton Food Group, Ingenta, Manx Telecom , Marshalls, Phoenix Spree Deutschland Limited Shs NPV , Rotala, Saga , Spectra Systems Corporation, Spectris, Xaar