Week ahead: Spotlight on Hammond

Alexander Bueso WebFG News | 19 Nov, 2017 19:39 - Updated: 20:09 | | |

philip-hammond-nomme-ministre-des-finances

In the UK, the focus will be on the Chancellor's Budget on Wednesday, with fresh data on public sector net borrowing on Tuesday possibly helping to set the tone for his announcements.

Globally, on the other hand, the spotlight will be on the ongoing government coalition talks in Germany, as Chancellor Merkel tries to thrash out a stable arrangement.

Yet barring unexpected surprises, price moves in stockmarkets are likely to be contained given the that it's a holiday-shortened trading week in the States on account of Thanksgiving Day.

That means that many US-based traders will inevitably be away from their desks throughout the week.

Even so, investors will also keep a close eye on US retailers' updates on their sales performance on 'Black Friday', which are considered to be useful when it comes to gauging consumer intentions in the lead up to the critical Christmas spending season.

Markets will also be keeping an eye on speeches from European Central Bank chief Mario Draghi, on Monday, and Federal Reserve chair Janet Yellen on Tuesday.

In terms of data, the main release in the States will be Wednesday's reading on durable goods orders for October.

Back in Europe, on Friday the German IFO institute will release its monthly survey of business confidence conditions in the euro area's largest economy.

Elsewhere, monetary policy decisions are expected in Hungary (Tuesday), South Africa (Thursday) and Colombia (Friday).

Also out during the week will be the minutes of the RBA (Tuesday), ECB (Thursday) and Fed's (Wednesday) latest policy meetings.

Monday November 20

INTERIMS
Bonmarche Holdings, Mitie Group, Nex Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Producer Price Index (GER) (07:00)

GMS
SQN Asset Finance Income Fund Limited

FINALS
Diploma, Progility

SPECIAL DIVIDEND PAYMENT DATE
Barratt Developments

AGMS
SQN Asset Finance Income Fund Limited

TRADING ANNOUNCEMENTS
TT Electronics, William Hill

FINAL DIVIDEND PAYMENT DATE
Barratt Developments

Tuesday November 21

INTERIMS
AO World, Babcock International Group, Big Yellow Group, CML Microsystems, De La Rue, Halma, Homeserve, IMImobile , Johnson Matthey, Scapa Group, Severfield, Solid State, Telecom Plus, VP

INTERIM DIVIDEND PAYMENT DATE
Intu Properties, Konami Holdings Corporation, Stilo International

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Existing Home Sales (US) (14:00)

Q3
AFI Development, Frutarom Industries Ltd GDR (Reg S)

FINALS
Compass Group, CYBG , easyJet, Focusrite, Renew Holdings, Stride Gaming, Utilitywise plc

SPECIAL DIVIDEND PAYMENT DATE
Artemis VCT

AGMS
Diurnal Group, Dunelm Group, Harvest Minerals Limited (DI), Jupiter US Smaller Companies , Pan African Resources, Tiso Blackstar Group SE

TRADING ANNOUNCEMENTS
Aggreko, CRH, Equiniti Group , Intertek Group, Kingfisher, SIG, Spectris, Spirax-Sarco Engineering

UK ECONOMIC ANNOUNCEMENTS
CBI Industrial Trends Surveys (11:00)
Public Sector Net Borrowing (09:30)

FINAL DIVIDEND PAYMENT DATE
Close Brothers Group

Wednesday November 22

INTERIMS
Accsys Technologies, Biffa, Charles Stanley Group, Creightons, Eckoh, HICL Infrastructure Company Ltd, NewRiver REIT, Quiz, Syncona Limited NPV, United Utilities Group

INTERIM EX-DIVIDEND DATE
Zhejiang Expressway Co 'H' Shares

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Crude Oil Inventories (US) (15:30)
Durable Goods Orders (US) (13:30)
Initial Jobless Claims (US) (13:30)
MBA Mortgage Applications (US) (12:00)
U. of Michigan Confidence (US) (15:00)

GMS
Tejoori Ltd

FINALS
Cambria Automobiles, Countryside Properties, Euromoney Institutional Investor, Sage Group, SSP Group , Thomas Cook Group

AGMS
Base Resources Ltd , CSF Group, F&C UK Real Estate Investments Limited, Finsbury Food Group, Ovoca Gold, Pantheon International , SCS Group , UIL Limited (DI)

TRADING ANNOUNCEMENTS
Breedon Group , Forterra, Hill & Smith Holdings, HSS Hire Group

FINAL DIVIDEND PAYMENT DATE
Galliford Try, Henderson EuroTrust, Ideagen

Thursday November 23

INTERIMS
Caledonia Investments, CMC Markets, First Property Group, Greencoat Renewables, Hogg Robinson Group, Liontrust Asset Management, Majestic Wine, Mothercare, Severn Trent, Shires Income, TR Property Inv Trust, Worldwide Healthcare Trust

INTERIM DIVIDEND PAYMENT DATE
Plus500 Ltd (DI)

INTERIM EX-DIVIDEND DATE
3i Infrastructure, B&M European Value Retail S.A. (DI), Castings, DCC, Downing Three VCT F Shs, Downing Three VCT H Shs, Downing Two VCT F Shs , Downing Two VCT G Shs, Great Portland Estates, Helical, Mckay Securities, National Grid, Octopus Apollo VCT, TalkTalk Telecom Group , Ten Entertainment Group , Triple Point Income VCT A, Vedanta Resources, Vodafone Group, Young & Co's Brewery 'A' Shares, Young & Co's Brewery (Non-Voting), Yu Group

QUARTERLY PAYMENT DATE
Fair Oaks Income Limited 2014 Shs NPV

QUARTERLY EX-DIVIDEND DATE
Blackrock North American Income Trust , BlackRock World Mining Trust, Carnival, HICL Infrastructure Company Ltd, Regional REIT Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Gross Domestic Product (GER) (07:00)

FINALS
Mitchells & Butlers, Paragon Banking Group

SPECIAL EX-DIVIDEND DATE
Oxford Technology 2 VCT, River and Mercantile Group , Sportech

EGMS
Atlantis Japan Growth Fund Ltd.

AGMS
CAP-XX Limited, Crystal Amber Fund Ltd., Hotel Chocolat Group , Netcall, Thorpe (F.W.)

TRADING ANNOUNCEMENTS
Centrica, Empiric Student Property , Menzies(John), Rotork

UK ECONOMIC ANNOUNCEMENTS
CBI Distributive Trades Surveys (11:00)
Gross Domestic Product (09:30)

FINAL DIVIDEND PAYMENT DATE
AIREA, Jupiter Dividend & Growth Trust, Jupiter Dividend & Growth Trust Common, Jupiter UK Growth Investment Trust, Mulberry Group

FINAL EX-DIVIDEND DATE
AB Dynamics, CVS Group, Edinburgh Dragon Trust, Finsbury Food Group, Hotel Chocolat Group , JPMorgan Japanese Inv Trust, London Finance & Investment Group, Northern Venture Trust, River and Mercantile Group , Smart (J) & Co., St Ives, Tiso Blackstar Group SE, Volution Group (WI), World Careers Network

Friday November 24

INTERIMS
Fuller Smith & Turner

INTERIM DIVIDEND PAYMENT DATE
Amati Vct 2, Booker Group, CareTech Holding, Just Group, Lookers, Morgan Advanced Materials , Moss Bros Group, Next Fifteen Communications, Prime People, Smart Metering Systems, Tesco, Triple Point VCT 2011, U And I Group

QUARTERLY PAYMENT DATE
Blue Capital Alternative Income Fund Ltd (DI), Primary Health Properties, Tetragon Financial Group Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
IFO Business Climate (GER) (08:00)
IFO Current Assessment (GER) (08:00)
IFO Expectations (GER) (08:00)

GMS
K&C Reit

FINALS
Future

EGMS
Public Joint Stock Company Severstal GDR (Reg S)

AGMS
Coal of Africa Ltd., JPMorgan Emerging Markets Inv Trust, Origin Enterprises, Petra Diamonds Ltd.(DI)

UK ECONOMIC ANNOUNCEMENTS
Mortgage Approvals (09:30)

FINAL DIVIDEND PAYMENT DATE
Animalcare Group, Dunelm Group, Foresight Solar & Infrastructure VCT, Foresight Solar & Infrastructure VCT 'C', Go-Ahead Group

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