All eyes on Thursday will be on the Chancellor’s Autumn Budget.
Jeremy Hunt, while determined to balance the books, will also want to avoid making the recession worse, said EY, Dow Jones Newswires reported.
The £50bn black hole in the country’s finances represents only 5% of the UK’s tax take in five years’ time, EY head of tax policy Chris Sanger said in a note.
“With this in mind, we may see Thursday’s statement focused on measures that only begin to raise large amounts for the Treasury in two to three years’ time, rather than the introduction of a raft of significant tax measures with immediate effect.”
Bank of England chief economist Huw Pill was set to deliver a speech at 1230 GMT, followed by his colleague Silvana Tenreyro at 1430 GMT.
Stateside meanwhile, investors would be digesting the results of the Federal Reserve Bank of Philadelphia’s regional factory sector survey for November, due out at 1330 GMT.
In parallel, the Department of Commerce was to publish housing starts figures for October and the Department of Labor its latest tally of weekly jobless claims.
Worth noting, St.Louis Fed President, James Bullard, was scheduled to speak at 1300 GMT, alongside the Cleveland Fed’s Loretta Mester at 1440 GMT and Minneapolis Fed boss Neel Kashkari at 1845 GMT.
Across the Channel meanwhile, at 1000 GMT Eurostat would publish a reading for euro area consumer prices in October.
Further afield, overnight rate-setters in Manila and Kuala Lumpur were due to announce their latest interest rate decisions.
Thursday 17 November
Burberry Group, Halma, Intermediate Capital Group, Investec, Syncona Limited NPV
INTERIM DIVIDEND PAYMENT DATE
INTERIM EX-DIVIDEND DATE
Aveva Group, B&M European Value Retail S.A. (DI), Bunzl, Bytes Technology Group , DCC (CDI), FirstGroup, Frenkel Topping Group, Steppe Cement Ltd, Volex, Wynnstay Properties, Young & Co’s Brewery ‘A’ Shares, Young & Co’s Brewery (Non-Voting)
QUARTERLY PAYMENT DATE
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Balanced Commercial Property Trust Limited , GSK, ICG Enterprise Trust, NextEnergy Solar Fund Limited Red, Pershing Square Holdings Ltd NPV, Pershing Square Holdings Ltd NPV (USD), Regional REIT Limited, The Renewables Infrastructure Group Limited, Thomaslloyd Energy Impact Trust , Thomaslloyd Energy Impact Trust , Unilever
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Building Permits (US) (13:30)
Continuing Claims (US) (13:30)
Housing Starts (US) (13:30)
Initial Jobless Claims (US) (13:30)
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Impellam Group, Union Jack Oil
Advance Energy NPV, Close Brothers Group, Cordel Group, Eagle Eye Solutions Group, Finsbury Food Group, Kier Group, New Star Investment Trust, New Star Investment Trust, New Star Investment Trust, Seraphim Space Investment Trust, Supermarket Income Reit, Thor Mining, Thorpe (F.W.), Wetherspoon (J.D.)
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BlackRock Greater Europe Inv Trust, Caspian Sunrise , CVS Group, Fidelity Emerging Markets Limited Ptg NPV, Genus, James Halstead, Tristel