Tuesday preview: BoE credit conditions survey, UK industrial production, GDP estimates

Renae Dyer WebFG News | 06 Oct, 2014 15:10 - Updated: 16:44 | | |

  • 263.00
  • -0.72%-1.90
  • Max: 265.53
  • Min: 258.90
  • Volume: 1,153,873
  • MM 200 : n/a
17:25 23/11/17

Tuesday’s agenda will be packed with UK macro-economic releases including the Bank of England’s (BoE) credit conditions survey, data on industrial output and gross domestic product (GDP) estimates.

The BoE’s survey will reveal the thoughts of bank and non-bank lenders on credit conditions in the past three months and coming three months.

The survey covers secured and unsecured lending to households and small businesses along with lending to non-financial corporations and to non-bank financial firms.

Separately, a report on UK industrial production is forecast to show a 2.6% increase in August while another is expected to reveal UK manufacturing output gained 3.4% the same month.

In afternoon trading, think-tank NIESR will release its latest estimates for GDP.

In the US, Federal Reserve officials Narayana Kocherlakota, William Dudley and Richard Porter will speak.

The US will also see the release of consumer credit figures for August.

On the company front, Ferrexpo reports its third quarter production results which are expected to show a quarter-on-quarter increase as it continues to ramp up.

Numis analyst Cailey Barker expects production to be up at 2.85Mt quarter-on-quarter, with 1.9Mt from FPM and 0.9Mt from Yeristovo (FYM), as the company continues to ramp-up production.

Tuesday 7 October
FINALS
St.Ives
INTERIMS
Next Fifteen Communications
INTERIM DIVIDEND PAYMENT DATE
British Smaller Companies VCT 2, Capita, Holders Technology
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Credit (US) (20:00)
Industrial Production (GER) (11:00)
Speech New York Fed president (14:00)
Policy announcement Reserve Bank of Australia


DRILLING REPORT
Ferrexpo

EGMS
Matomy Media Group Limited (DI)

AGMS
Top Creation Investments Ltd, ZCCM Investments Holdings 'B' Shares

TRADING ANNOUNCEMENTS
Tricorn Group, Synety

UK ECONOMIC ANNOUNCEMENTS
Industrial Production (09:30)
Manufacturing Production (09:30)

More news

07:27 Provident Financial chairwoman Manjit Wolstenholme dies

Manjit Wolstenholme, the executive chairman of Provident Financial and former investment banking chief at Dresdner Kleinwort Wasserstein, has died.

23 Nov Sector movers: Centrica, China sink utilities and banks

Defensive areas of the market performed best on Thursday, aside from utilities that is, as shares of Centrica crumbled.

23 Nov Morgan Stanley reaffirms 'buy' on ITV

Analysts at Morgan Stanley stuck by their 'buy' recommendation on shares of ITV and 230p target price, pointing to nine different factors to back up their investment thesis.

23 Nov Europe close: Stocks finish near highs, China woes and euro gains weigh on German shares

Stocks finished near their best levels of the day, having mounted a comeback following early weakness that was attributed to an overnight drop in Chinese equities on the heels of continued upwards pressure on bond yields in the Asian giant.

23 Nov Europe midday: German political progress and strong PMIs offset drop in Chinese stocks

Stocks are mounting a comeback following early weakness that some market commentary is attributing to an overnight drop in Chinese equities on the heels of continued upwards pressure on bond yields in the Asian giant.

23 Nov South African Reserve Bank pauses interest rates ahead of debt rating decision

South Africa's central bank opted to leave interest rates on hold on Thursday, but the country is still facing several hurdles on Friday when several key ratings agencies are set to choose whether to downgrade the country's debt.

23 Nov Canadian retail sales held back by declines in vehicles and clothing

Recently collated data from Statistics Canada revealed a significantly lower than expected rise in Canadian retail sales in September, as gains from higher gasoline prices were offset by declines in sales of vehicles and clothing.

23 Nov Greencoat Renewables announces maiden dividend of 2.61 euro cents

Between 15 February and 30 September, renewable infrastructure company Greencoat Renewables's portfolio, made up of wind farms that listed on the Irish and London Stock Exchanges in July of 2017, generated 107.7GWh of electricity, which was 3% above budget for the period.

23 Nov Belgian business confidence rises above forecasts in November

Business confidence in Belgium rose more than expected in November, led by a sharp improvement in sentiment in busines-related services and construction.

23 Nov Commodities: weaker dollar helps gold stay put

The greenback weakened against a basket of currencies on Thursday with the dollar index dropping 0.11% to 93.117 by 1715 GMT, it's lowest level in more than a month.