Friday preview: Eurozone inflation in focus amid deflation concerns
Eurozone inflation data will be in focus on Friday amid concerns about the risk of disinflation.
Analysts predict the consumer price index rose by 0.3% year-on-year in November after a 0.4% increase the prior month, moving further away from the European Central Bank’s (ECB) target of just below 2%.
ECB President Mario Draghi on Thursday said that the monetary authority was unanimous that it would use “additional unconventional instruments within its mandate” if inflation remained low for too long.
“In this context, we have also tasked relevant ECB staff and Eurosystem committees with the timely preparation of further measures to be implemented, if needed,” he said in a speech in Helsinki.
The comments mirror Draghi’s remarks last week that the ECB would consider bond buying if necessary.
However, the president believes that current measures, including its asset backed securities and covered bonds purchase programmes, should provide the boost the economy needs.
Also on Friday’s agenda, German retail sales figures will be released early along with UK house price data from Nationwide.
The US market will close at 1pm Eastern time for the Thanksgiving holiday.
Friday 28 November
INTERIMS
Pennon Group, Real Estate Credit Investments PCC Ltd
INTERIM DIVIDEND PAYMENT DATE
Booker Group, CareTech Holding, Charles Taylor, DCC, Games Workshop Group, Goals Soccer Centres, Hansa Trust, Hilton Food Group, JZ Capital Partners Ltd, Lookers, Morgan Advanced Materials , Prime People, Provident Financial, Senior, SQN Asset Finance Income Fund Limited
QUARTERLY PAYMENT DATE
City of London Inv Trust, F&C Commercial Property Trust Ltd., Picton Property Income Ltd
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
International Reserves (EU) (11:00)
Retail Sales (GER) (07:00)
Unemployment Rate (EU) (10:00)
Q2
Real Estate Credit Investments PCC Ltd
Q3
Arrow Global Group, TCS Group Holding GDR (Each Repr 1 A Shr) (Reg S)
GMS
Filtronic, Proxama , Range Resources Ltd. (DI), Ryanair Holdings
FINALS
Zambeef Products
ANNUAL REPORT
Tracsis
SPECIAL DIVIDEND PAYMENT DATE
Investec Structured Products Calculus VCT, Manchester & London Investment Trust
EGMS
Plaza Centers NV
AGMS
Aquarius Platinum Ld, Coal of Africa Ltd., Gemfields, Hellenic Carriers Ltd., JPMorgan Smaller Companies Inv Trust, Kea Petroleum, Lok'n Store Group, Mosman Oil and Gas Limited (DI), Quadrise Fuels International, Range Resources Ltd. (DI), Scotgold Resources (DI), VinaLand Ltd, VinaLand ZDP Ltd
UK ECONOMIC ANNOUNCEMENTS
Consumer Confidence (09:30)
GFK Consumer Confidence (00:05)
FINAL DIVIDEND PAYMENT DATE
Abcam, Animalcare Group, Galliford Try, Kier Group, Manchester & London Investment Trust, Mcbride, Sabien Technology Group