Tuesday preview: Davos and SSP Group in the spotlight
By Alexander Bueso
Date: Monday 20 Jan 2020
(Sharecast News) - The focus on Tuesday will be on Davos as world leaders and top global officials gather at the Swiss ski resort to discuss and debate the most pressing global issues.
In particular, investors will be keeping an eye out for any market moving remarks by the US President, Donald Trump, at Davos, who is scheduled to arrive on Tuesday.
Against that backdrop, at 0930 GMT the Office for National Statistics will publish jobs data for November.
Consensus is that the year-on-year rate of growth in average weekly earnings will dip from 3.2% over the three months to October to 3.1% in November.
At the core level meanwhile, wage growth is expected to slow from 3.5% to 3.4%, with the unemployment rate steady at 3.8%.
Further afield, overnight rate-setters at the Bank of Japan are due to announce their latest policy decision.
Catering group SSP is among the corporates set to update financial markets on Tuesday.
For the company's first quarter, UBS has penciled-in a 5.2% rise in revenues with FX movements expected to subtract 1.6% from its topline and 1.3% growth in like-for-likes.
Tuesday 21 January
INTERIMS
IG Group Holdings, Joules Group, Sensyne Health
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
ZEW Survey (EU) - Economic Sentiment (10:00)
ZEW Survey (GER) - Current Situation (10:00)
ZEW Survey (GER) - Economic Sentiment (10:00)
AGMS
John Lewis of Hungerford, Mitchells & Butlers, Polo Resources Ltd. (DI)
TRADING ANNOUNCEMENTS
Dixons Carphone, BHP (Q2 sales), Easyjet (Q2 sales), SSP Group
UK ECONOMIC ANNOUNCEMENTS
Claimant Count Rate (09:30)
Unemployment Rate (09:30)
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