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Week ahead: Covid-19 containment, OPEC in focus

By Alexander Bueso

Date: Saturday 04 Apr 2020

Week ahead: Covid-19 containment, OPEC in focus

(Sharecast News) - The focus over the coming week will be on the success or not of containment measures across the globe.
For both the UK and among the euro area's four largest economies, Barclays Research is penciling in a gradual lifting of the lockdown measures staring from May.

That would still result in a roughly 20% annualised drop in gross domestic product in the second quarter and of nearly a third in April for a 6.0% year-on-year drop in 2020, Barclays estimated.

However, GDP growth is expected to pick up from the third quarter and to grow by 7.6% in 2021. leaving GDP 1% lower by the end of 2021 than had been anticipated before the Covid-19 pandemic.

Against that backdrop, only a few data points referencing the month of March are due out in the UK over the coming week, including consultancy GfK's consumer confidence index on Monday and the RICS house price balance on Thursday.

Financial markets will also be closely attuned to any decisions on output from OPEC+ members at their meeting on Thursday (which had originally been scheduled for Monday).

Stateside meanwhile, the focus will be on Wednesday's Federal Open Market Committee meeting minutes on Wednesday, followed by the latest weekly initial jobless claims figures (Barclays: 4.5m) on Thursday and a preliminary reading for consumer confidence in April on Friday.

Further afield, consumer and factory gate price data are due out in China, on Friday as well.

Also scheduled for throughout the week are interest rate decisions in Israel, Australia, South Korea and Poland.

Monday 06 April

INTERIM DIVIDEND PAYMENT DATE

PZ Cussons, Ricardo

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

PMI Construction (US) (09:30)

FINALS

GYG, M Winkworth, Mobile Tornado Group

SPECIAL DIVIDEND PAYMENT DATE

Independent Inv Trust

AGMS

RM

FINAL DIVIDEND PAYMENT DATE

Independent Inv Trust

Tuesday 07 April

QUARTERLY EX-DIVIDEND DATE

Marsh & Mclennan Cos Inc.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Credit (US) (20:00)

Industrial Production (EU) (07:00)

GMS

Polar Capital Global Financials Trust

FINALS

Alliance Pharma, Medica Group , Northbridge Industrial Services

ANNUAL REPORT

Menzies(John)

TRADING ANNOUNCEMENTS

Gooch & Housego

UK ECONOMIC ANNOUNCEMENTS

Halifax House Price Index (09:30)

FINAL EX-DIVIDEND DATE

Banco Bilbao Vizcaya Argentaria SA

Wednesday 08 April

INTERIM DIVIDEND PAYMENT DATE

Dechra Pharmaceuticals, Meikles Ltd.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

FINALS

Camellia, Impact Healthcare Reit , Tesco, Tesco, The Pebble Group

ANNUAL REPORT

Quilter

AGMS

Athelney Trust, Maven Income & Growth 3 VCT, Rio Tinto

Thursday 09 April

INTERIM DIVIDEND PAYMENT DATE

Diageo, Trifast

INTERIM EX-DIVIDEND DATE

Begbies Traynor Group, Bioventix, British Smaller Companies VCT 2, Henderson EuroTrust, Manchester & London Investment Trust, Smith (DS), VinaCapital Vietnam Opportunity Fund Ltd.

QUARTERLY PAYMENT DATE

Alpha Real Trust Ltd., Contour Global , GlaxoSmithKline, Regional REIT Limited, Schlumberger Ltd.

QUARTERLY EX-DIVIDEND DATE

BlackRock Latin American Inv Trust, BMO Private Equity Trust, Cineworld Group, JPMorgan Asia Growth & Income, JPMorgan Japan Smaller Companies Trust, Martin Currie Global Portfolio Trust, Mercantile Investment Trust (The), Middlefield Canadian Income PCC, Scottish Inv Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (08:00)

Continuing Claims (US) (13:30)

Current Account (GER) (08:00)

Initial Jobless Claims (US) (13:30)

Producer Price Index (US) (13:30)

U. of Michigan Confidence (Prelim) (US) (15:00)

Wholesales Inventories (US) (15:00)

FINALS

PureTech Health

SPECIAL EX-DIVIDEND DATE

EIH Plc

EGMS

Manx Financial Group

AGMS

88 Energy Limited (DI), Helios Towers , Location Sciences Group, Smith & Nephew

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (09:30)

Gross Domestic Product (07:00)

Index of Services (07:00)

Industrial Production (09:30)

Manufacturing Production (09:30)

RICS Housing Market Survey (00:01)

FINAL DIVIDEND PAYMENT DATE

Banco Bilbao Vizcaya Argentaria SA, BB Healthcare Trust (Red), Jupiter Fund Management , PCF Group, Safestore Holdings

FINAL EX-DIVIDEND DATE

4Imprint Group, Capital Drilling Ltd. (DI), Direct Line Insurance Group, EMIS Group, FBD Holdings, Gresham Technologies, Johnson Service Group, Octopus Titan VCT , Schroder Asian Total Return Investment Company

Friday 10 April

INTERIM DIVIDEND PAYMENT DATE

Standard Life UK Smaller Companies Trust

FINAL DIVIDEND PAYMENT DATE

MTI Wireless Edge Ltd.

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