Thursday preview: Draghi speaks, German inflation, unemployment, consumer confidence
With US markets closed for Thanksgiving, the Eurozone will take the spotlight on Thursday as European Central Bank (ECB) President Mario Draghi speaks and Germany sees the release of unemployment, consumer confidence and inflation data.
Draghi has indicated that the ECB would consider buying government bonds if inflation remains too low for too long. The market will be looking to see if he elaborates on this when he speaks in Helinski at 11:30 London time.
Meanwhile, German labour market data is due at 08:55 with the change in the number of jobless forecast to drop 1,000 in November and the unemployment rate expected to remain unchanged at 6.7%.
GfK’s index on German consumer confidence is predicted to increase to 8.6 in December from 8.5 the prior month.
Inflation in Europe’s biggest economy is pegged to easy back to an annualised 0.6% in November from 0.8% a month earlier.
The data will be closely watched amid concerns that the stagnant euro-area is weighing down the global economy.
The OECD on Tuesday warned that the Eurozone was weighing down on international growth and needed a package of measures including monetary stimulus.
Thursday 27 November
INTERIMS
Acal, Digital Barriers, Mountview Estates, Palace Capital , PayPoint, Poundland Group , RPC Group, ULS Technology , VP
INTERIM DIVIDEND PAYMENT DATE
Action Hotels, Development Securities, Moss Bros Group, Panther Securities, Toyota Motor Corp., Zhejiang Expressway Co 'H' Shares
INTERIM EX-DIVIDEND DATE
3i Infrastructure, Amec Foster Wheeler, Anglo Pacific Group, Castings, E2V Technologies, Foresight VCT Planned Exit Shares, John Laing Environmental Assets Group Limited , Johnson Matthey, London Security, Mckay Securities, Record, Royal Mail, SABMiller, Sepura, Sirius Real Estate Ltd., Stanley Gibbons Group, Telecom Plus, Vedanta Resources, Wynnstay Properties, Young & Co's Brewery 'A' Shares, Young & Co's Brewery (Non-Voting)
QUARTERLY EX-DIVIDEND DATE
Canadian General Investments Ltd., Duet Real Estate Finance Ltd, Energy XXI (Bermuda) (DI), HICL Infrastructure Company Ltd, Utilico Investments Ltd (DI)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (10:00)
Economic Sentiment Indicator (EU) (10:00)
GFK Consumer Confidence (GER) (12:00)
M3 Money Supply (EU) (09:00)
Unemployment Rate (GER) (08:55)
Q3
Public Power GDR SA (Reg S)
FINALS
Impax Asset Management Group, Marston's, Shaftesbury, SSP Group
SPECIAL DIVIDEND PAYMENT DATE
Eclectic Bar Group
SPECIAL EX-DIVIDEND PAYMENT DATE
Keystone Inv Trust, Lancashire Holdings Limited
EGMS
Harbourvest Senior Loans Europe Ltd., Ingenious Entertainment VCT 1 'C' Shares, Ingenious Entertainment VCT 1 'D' Shares, Ingenious Entertainment VCT 1 E Shares, Ingenious Entertainment VCT 1 F Shares, Ingenious Entertainment VCT 1 G Shs, Ingenious Entertainment VCT 1 H Shs, Ingenious Entertainment VCT 2 'C' Shares, Ingenious Entertainment VCT 2 'D' Shares, Ingenious Entertainment VCT 2 E Shares, Ingenious Entertainment VCT 2 F Shares, Ingenious Entertainment VCT 2 G Shs, Ingenious Entertainment Vct 2 H Shs
AGMS
Allocate Software, Avanti Communications Group, Berkeley Resources Ltd. (DI), City Natural Resources High Yield Trust, Eclectic Bar Group, Ferrum Crescent Ltd NPV (DI), Global Petroleum Ltd., Netcall, Petra Diamonds Ltd.(DI), Red Emperor Resources NL (DI), Transense Technologies
FINAL DIVIDEND PAYMENT DATE
Wetherspoon (J.D.), Wolseley
FINAL EX-DIVIDEND DATE
A&J Mucklow Group, Diploma, Dunelm Group, Euromoney Institutional Investor, JPMorgan Japanese Inv Trust, Northern Venture Trust, NOTTS.B.S. 7 7/8% PERM INT BEARING SHS, Origin Enterprises, Pure Wafer, Smart (J) & Co., UDG Healthcare Public Limited Company, World Careers Network