Tuesday preview: UK employment, US data in focus

by | Jun 15, 2021

Investors’ focus on Tuesday will be on the UK jobs market with the April employment report due out.

Consensus is for the unemployment rate to have held at 4.8% while the year-on-year rate of growth in headline average weekly earnings is expected to have accelerated from 4.0% to 4.8%.

However, economists at Barclays Research said they would be looking past the headline data, due to various distortions, for signs that “hidden” slack was normalising.

Among other things, they said they would be focusing on increases in the number of hours worked and declines in the number of inactive people.

Stateside, a slew of economic reports are scheduled for release, including readings on monthly retail sales, industrial production and factory gate prices.

Across the Channel meanwhile, final readings on French and German consumer prices in May are due out.

As well, at noon, European Central Bank chief economist, Philip Lane, will speak at the 11th ECB conference on forecasting techniques.

Further afield, minutes of the Reserve Bank of Australia’s and Bank of Korea’s most recent policy meetings are due out.

Tuesday 15 June

INTERIMS

On The Beach Group , Oxford Biodynamics , Pressure Technologies, Ramsdens Holdings

INTERIM DIVIDEND PAYMENT DATE

Aeci 5 1/2% Prf

QUARTERLY PAYMENT DATE

Canadian General Investments Ltd.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Business Inventories (US) (15:00)

Capacity Utilisation (US) (14:15)

Consumer Price Index (GER) (07:00)

Industrial Production (US) (14:15)

Producer Price Index (US) (13:30)

Retail Sales (US) (13:30)

Q3

Renalytix Ai (Reg S)

Q4

Ashtead Group

FINALS

Anemoi International Ltd NPV (DI), CML Microsystems, Iomart Group, Tatton Asset Management , Thalassa Holdings Ltd. (DI), TP Group, Vianet Group

AGMS

Andrews Sykes Group, Bermele, Concurrent Technologies, Coro Energy, Evraz, London & Associated Properties, Loopup Group , Northbridge Industrial Services, Panther Metals, Pelatro , Property Franchise Group, Silence Therapeutics, Somero Enterprises Inc. (DI), Starwood European Real Estate Finance Ltd, Wentworth Resources NPV

UK ECONOMIC ANNOUNCEMENTS

Claimant Count Rate (07:00)

Unemployment Rate (07:00)

FINAL DIVIDEND PAYMENT DATE

Centamin (DI), Gem Diamonds Ltd. (DI)

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