Week ahead: Eurogroup meeting and Chinese data in focus
In the aftermath of last Friday’s US non-farm payrolls investors will most likely be keying in to Monday’s Eurogroup meeting of finance ministers, analysts at Investec say, given the on-going Greek tragicomedy.
The broker said “we would be surprised if the words ‘third’ and ‘bailout’ were not used together on occasion, the focus will be on assessing whether the promised actions from FM Varoufakis will be sufficient to authorise a further disbursement under the current programme.”
The Mediterranean country ended the week facing debt-rollover and payments to the International Monetary Fund.
Indeed, in a recent research note Capital Economics warned that a forced exit from the single currency area continued to be a distinct possibility.
Data on Eurozone industrial production, on Thursday, will also be closely watched for confirmation of the recent upturn in purchasing managers’ indices.
The flow of Chinese data will also be quite heavy, including figures on industrial production.
Markets will also be keeping close tabs US data on retail sales following recent disappointments on this front.
On Friday, Capital Economics mused that “it is only a matter of time” before households start to spend more of the cash freed up by the plunge in gasoline prices.
It usually takes about six months for them to do that.
Monday March 09
INTERIMS
Abcam, Gemfields, Pure Wafer
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Current Account (GER) (07:00)
Harmonised Competitiveness Indicators (EU) (09:00)
Retail Price Index (GER) (07:00)
FINALS
Clarkson, Escher Group Holdings, Hansteen Holdings, HGCapital Trust, Mincon Group , WPP
ANNUAL REPORT
Law Debenture Corp.
EGMS
24/7 Gaming Group Holdings, Starwood European Real Estate Finance Ltd
AGMS
Hazel Renewable Energy VCT 1, Hazel Renewable Energy VCT 2
FINAL DIVIDEND PAYMENT DATE
Fenner
Tuesday March 10
INTERIMS
Close Brothers Group, Craneware, Kalibrate Technologies
QUARTERLY PAYMENT DATE
Canaccord Genuity Group Inc., Honeywell International Inc., IBM Corp.
QUARTERLY EX-DIVIDEND DATE
Barclays
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Wholesales Inventories (US) (14:00)
FINALS
Bango, BATM Advanced Communications Ltd., Crossrider , Dalata Hotel Group, esure Group, G4S, Goals Soccer Centres, Grafton Group Units, HaloSource Inc. (Reg S), Hill & Smith Holdings, Inchcape, InterQuest Group, Matomy Media Group Limited (DI) , One Media IP Group, Ooredoo Q.S.C. GDR (Reg S), SDL, Stadium Group, StatPro Group, Synectics, Telecom Egypt SAE GDS (Regs), Tyman
ANNUAL REPORT
Reed Elsevier
SPECIAL DIVIDEND PAYMENT DATE
Neptune-Calculus Income & Growth VCT
EGMS
Ocado Group
AGMS
Image Scan Holdings
UK ECONOMIC ANNOUNCEMENTS
BRC Sales Monitor (00:01)
Wednesday March 11
INTERIMS
Brooks Macdonald Group, Ceres Power Holdings
INTERIM DIVIDEND PAYMENT DATE
Ideagen
QUARTERLY PAYMENT DATE
Unilever
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (14:30)
MBA Mortgage Applications (US) (11:00)
Treasury Budget Statement (US) (18:00)
Q3
Kirkland Lake Gold Inc.
Q4
OJSC Megafon GDR (Reg S)
GMS
Frontier Mining Ltd (DI)
FINALS
Alkane Energy, Bwin.party Digital Entertainment, Centaur Media, Deltex Medical Group, FDM Group (Holdings), Ferrexpo, Foxtons Group , Hikma Pharmaceuticals, Michael Page International, Modern Water, OJSC Megafon GDR (Reg S), Restore, Servelec Group
EGMS
Flying Brands Ltd Units
AGMS
Clear Leisure
TRADING ANNOUNCEMENTS
Boohoo.com, Brown (N.) Group
UK ECONOMIC ANNOUNCEMENTS
Industrial Production (09:30)
Manufacturing Production (09:30)
FINAL DIVIDEND PAYMENT DATE
JPMorgan Russian Securities, OMG, Shoe Zone
Thursday March 12
INTERIMS
Eagle Eye Solutions Group
INTERIM DIVIDEND PAYMENT DATE
Penna Consulting
INTERIM EX-DIVIDEND DATE
BHP Billiton, Clinigen Group, Dechra Pharmaceuticals, Dunelm Group, ECO Animal Health Group, Foresight 3 VCT, Hargreaves Lansdown, Haynes Publishing Group, Management Resources Solutions , River and Mercantile Group , Standard Life UK Smaller Companies Trust, Stewart & Wight, Wilmington Group
QUARTERLY EX-DIVIDEND DATE
BlackRock Income Strategies Trust , Land Securities Group, XP Power Ltd. (DI)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Inventories (US) (14:00)
Consumer Price Index (GER) (07:00)
Continuing Claims (US) (12:30)
Import and Export Price Indexes (US) (12:30)
Industrial Production (EU) (10:00)
Initial Jobless Claims (US) (12:30)
Manufacturing Inventories (US) (14:00)
Retail Sales (US) (12:30)
Retail Sales Inventories (US) (14:00)
FINALS
Bankers Petroleum Ltd.(CDI), Cambridge Cognition Holdings, Cineworld Group, Computacenter, Lenta Ltd GDR (Each 5 Repr 1 Ord) (144A) , LSL Property Services, Medaphor Group, Morrison (Wm) Supermarkets, Portmeirion Group, SIG, Soco International, Stilo International, Stock Spirits Group , TT Electronics
ANNUAL REPORT
CRH, Heavitree Brewery, Hunting
IMSS
Northgate
SPECIAL EX-DIVIDEND PAYMENT DATE
Direct Line Insurance Group, Rensburg AIM VCT, River and Mercantile Group
AGMS
Banco Bilbao Vizcaya Argentaria SA
TRADING ANNOUNCEMENTS
ASOS, Home Retail Group
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
RICS Housing Market Survey (09:30)
FINAL EX-DIVIDEND DATE
Avesco Group, British Polythene Industries, Crest Nicholson Holdings, Direct Line Insurance Group, FBD Holdings, Hammerson, Keller Group, LPA Group, Mithras Inv Trust, MTI Wireless Edge Ltd., Paddy Power, Randgold Resources Ltd., RM, Safestore Holdings, Standard Chartered, Temple Bar Inv Trust, W H Ireland Group
Friday March 13
INTERIMS
Forte Energy NL, Wetherspoon (J.D.)
INTERIM DIVIDEND PAYMENT DATE
Fusionex International, Murgitroyd Group
QUARTERLY PAYMENT DATE
Carnival
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Producer Price Index (US) (12:30)
U. of Michigan Confidence (Prelim) (US) (13:55)
GMS
Standard Life
FINALS
Oxford Biomedica
ANNUAL REPORT
Johnson Service Group
IMSS
SThree
SPECIAL DIVIDEND PAYMENT DATE
Entu (UK)
AGMS
Chenavari Capital Solutions Limited Red, Hyundai Motor Company GDR (Reg S), LG Chem Ltd GDS (Reg S), Samsung C&T Corp. GDR, Samsung Electronics Co Ltd (ATT) GDR (Reg S)
FINAL DIVIDEND PAYMENT DATE
Qatar Investment Fund, Zytronic