Week ahead: US corporate results, PCE inflation data in focus
By Alexander Bueso
Date: Monday 22 Apr 2024
(Sharecast News) - Investors' focus over the following was expected to shift from macroeconomics to corporate news, as the U.S. first quarter earnings season got under way.
In particular, U.S. tech heavyweights Alphabet and Microsoft were due to update investors on Tuesday, followed by Meta the next day.
On the economic side of things, the week's key release was expected to be the U.S. personal income and spending report for March on Friday.
The core price deflator for personal consumption expenditures, the Fed's preferred inflation gauge, was forecast to slip from a year-on-year pace of 2.8% in February to 2.6%.
Of great importance too would be a raft of purchasing managers' surveys for manufacturing and services sector activity in April out of the euro area, UK and U.S..
Here investors would be watching to see whether the euro area economy was showing signs of perking up.
Also due out on home shores were public sector net borrowing data for March on Tuesday and for consumer confidence in April come Thursday.
Against that backdrop, rate-setters in the People's Republic of China and Japan were due to meet to decide on policy on Monday and Friday, respectively.
Monday 22 April
INTERIMS
Ten Lifestyle Group
GMS
Renalytix (Reg S)
FINALS
Brave Bison Group, Elixirr International , Frenkel Topping Group, Mobico Group
EGMS
Afarak Group SE (DI)
AGMS
JPMorgan US Smaller Co. Inv Tst, Travis Perkins
Tuesday 23 April
INTERIMS
Associated British Foods
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
New Homes Sales (US) (15:00)
FINALS
Alliance Pharma, Alphawave IP Group , ASA International Group , Elecosoft Public Limited Company, Property Franchise Group, Tinybuild Inc. (DI), Trellus Health
SPECIAL EX-DIVIDEND DATE
Pinewood Technologies Group
AGMS
AIQ Limited (DI), Mobius Investment Trust , NATWEST GROUP, Taylor Wimpey
TRADING ANNOUNCEMENTS
Jupiter Fund Management , Taylor Wimpey
UK ECONOMIC ANNOUNCEMENTS
Public Sector Net Borrowing (07:00)
FINAL DIVIDEND PAYMENT DATE
Crest Nicholson Holdings
Wednesday 24 April
INTERIMS
Tracsis
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
Durable Goods Orders (US) (13:30)
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
MBA Mortgage Applications (US) (12:00)
FINALS
1Spatial, Sanderson Design Group, Star Energy Group, Tortilla Mexican Grill, Warpaint London
AGMS
Abrdn , Allianz Technology Trust, AssetCo, Breedon Group , British American Tobacco, British American Tobacco, Bunzl, Coro Energy, Croda International, Entain, Greencoat UK Wind, Nichols, Primary Health Properties, Synectics, Woodside Energy Group Ltd NPV (DI)
FINAL DIVIDEND PAYMENT DATE
Conduit Holdings Limited Com Shs (DI)
Q1
HSBC Holdings, PensionBee Group
Thursday 25 April
INTERIMS
Focusrite, WH Smith
INTERIM DIVIDEND PAYMENT DATE
Hansard Global
QUARTERLY PAYMENT DATE
General Electric Co (CDI)
QUARTERLY EX-DIVIDEND DATE
City of London Inv Trust, JPMorgan Claverhouse Inv Trust, Tufton Oceanic Assets Limited NPV
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
GDP (Preliminary) (US) (13:30)
GFK Consumer Confidence (GER) (07:00)
Initial Jobless Claims (US) (13:30)
Pending Homes Sales (US) (15:00)
GMS
Societatea Energetica Electrica SA GDR (Reg S)
FINALS
Aquila European Renewables (GBP), Argo Blockchain, Destiny Pharma , PureTech Health , Sainsbury (J), Zinc Media Group
ANNUAL REPORT
PureTech Health
SPECIAL EX-DIVIDEND DATE
Greggs, Sabre Insurance Group, Seed Innovations Limited, Seplat Energy (DI)
EGMS
SDIC Power Holdings Co.,Ltd GDR (Reg S) , Societatea Energetica Electrica SA GDR (Reg S)
AGMS
Admiral Group, AFC Energy, Beazley, BP, CLS Holdings, CRH (CDI), Develop North, Drax Group, Everest Global, Greencoat Renewables (CDI), Hammerson, Helios Towers , Hikma Pharmaceuticals, JSC Halyk Bank GDR (Reg S), London Stock Exchange Group, Persimmon, Premier Miton Global Renewables Trust, Relx plc, Sampo OYJ, Schroders, SThree, SThree, Weir Group, XP Power Ltd. (DI)
TRADING ANNOUNCEMENTS
Currys , Drax Group, Gem Diamonds Ltd. (DI), Hikma Pharmaceuticals, Ibstock , Ibstock , Inchcape, London Stock Exchange Group, London Stock Exchange Group, London Stock Exchange Group, PPHE Hotel Group Ltd, Unilever, W.A.G Payment Solutions , WPP
FINAL EX-DIVIDEND DATE
AVI Japan Opportunity Trust , Bakkavor Group , Bodycote, Cairn Homes (CDI), Central Asia Metals, Convatec Group , Derwent London, Eurocell , Greggs, Harworth Group, Legal & General Group, M. P. Evans Group, Me Group International, Morgan Advanced Materials , Morgan Sindall Group, Mortgage Advice Bureau (Holdings) , Murray International Trust, Portmeirion Group, Public Policy Holding Company, Inc.(DI), Rightmove, Sabre Insurance Group, Secure Trust Bank, Seplat Energy (DI), Shaftesbury Capital, Spirax-Sarco Engineering, St James's Place, Stelrad Group , Team Internet Group , Tyman, Wickes Group
Q1
AstraZeneca, Barclays, Indivior
Friday 26 April
INTERIMS
Jupiter Fund Management
INTERIM DIVIDEND PAYMENT DATE
Blackfinch Spring VCT , JPMorgan Emerging Markets Inv Trust, Northamber
QUARTERLY PAYMENT DATE
Abrdn Private Equity Opportunities Trust, BlackRock Sustainable American Income Trust, Real Estate Investors, Value and Indexed Property Income Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
M3 Money Supply (EU) (09:00)
Personal Consumption Expenditures (US) (13:30)
Personal Income (US) (13:30)
Personal Spending (US) (13:30)
U. of Michigan Confidence (Final) (US) (15:00)
FINALS
Facilities by ADF
SPECIAL DIVIDEND PAYMENT DATE
Downing Strategic Micro-Cap Investment Trust Red
AGMS
Aukett Swanke Group , Bellevue Healthcare Trust (Red), Bellevue Healthcare Trust (Red), Pearson, Senior, Smurfit Kappa Group (CDI)
TRADING ANNOUNCEMENTS
Record
UK ECONOMIC ANNOUNCEMENTS
GFK Consumer Confidence (00:01)
FINAL DIVIDEND PAYMENT DATE
Globaldata, Kitwave Group, Oakley Capital Investments Ltd. (DI)
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