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Friday preview: US, euro area inflation data in focus

By Alexander Bueso

Date: Friday 30 Aug 2024

Friday preview: US, euro area inflation data in focus

(Sharecast News) - The flow of economic data will pick up at the end of the week with inflation readings due out on either side of the Atlantic.
In particular, investors will be scrutinising the PCE price data for July due out at 1230 BST, as the core PCE index is the Fed's preferred inflation gauge.

Consensus is that the annual rate of increase in core PCE prices will have ticked higher by one tenth of a percentage point to 2.6%.

Earlier, at 0900 BST, Eurostat is expected to announce that euro area headline CPI gains slowed from the 2.6% clip observed in July to 2.2%.

Also due out is a readings for German unemployment covering the month of August.

On home shores, at 0830 BST the Office for National Statistics will publish consumer credit and net lending figures for July.

Friday 30 August

INTERIMS

Fondul Proprietatea S.A. GDR (Reg S)

INTERIM DIVIDEND PAYMENT DATE

Taylor Maritime Investments Limited NPV

QUARTERLY PAYMENT DATE

City of London Inv Trust, Custodian Property Income Reit, ICG Enterprise Trust, Octopus Renewables Infrastructure Trust , Picton Property Income Ltd, Tetragon Financial Group Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Chicago PMI (US) (14:45)

Consumer Confidence (EU) (10:00)

Import Price Index (GER) (07:00)

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 (EU) (10:00)

Unemployment Rate (GER) (08:55)

UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

FINAL DIVIDEND PAYMENT DATE

Calnex Solutions , Celtic 6% Cnv Cum Prf, City of London 4.2% Cum 1st Prf Stk, City of London Investment Trust 4.2% Non-Cum 2nd Prf Stk, City of London Investment Trust Preference Ord Stk 14% Non-Cumulative 1, Cranswick, CVC Income & Growth Limited NPV Euro, CVC Income & Growth Limited NPV GBP, Volex

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