Tuesday preview: ZEW index, InterContinental Hotels Group in focus

by | Aug 9, 2021

westminster

It will be a relatively light day on the economic side of things on Tuesday.

That said, the most important release will be the ZEW institutes closely-followed gauge of investor confidence for Germany in August.

On home shores, overnight BRC will publish retail sales figures for July.

Stateside, investors will be perusing the NFIB’s small business optimism index for July.

Several government debt sales are also scheduled to take place on either side of the Pond, including an auction of 10-year Gilts.

For InterContinental Hotels Group’s first half, UBS analyst Bilal Aziz has penciled-in a 43% year-on-year decline in revenues per available room, on the back of a 36% drop in the second quarter.

Earnings before interest, taxes and amortisation meanwhile were expected to print at approximately $160.0m.

“Given the strong market data in the US and China we expect IHG to suggest a strong exit rate from July which could see some upside risks to consensus for the full year,” Aziz added.

The analyst also expected investor sentiment to be driven by the pipeline, which he expected to be broadly flat.

Tuesday 10 August

INTERIMS

Abrdn , Derwent London, Flutter Entertainment (CDI), Gamesys Group, Georgia Capital , Marshall Motor Holdings, Telecom Egypt SAE GDS (Regs), Zotefoams

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

ZEW Survey (EU) – Economic Sentiment (10:00)

ZEW Survey (GER) – Current Situation (10:00)

ZEW Survey (GER) – Economic Sentiment (10:00)

Q2

Telecom Egypt SAE GDS (Regs)

GMS

Iconic Labs

SPECIAL DIVIDEND PAYMENT DATE

Record

AGMS

Acorn Income Fund Ld, SDCL Energy Efficiency Income Trust

UK ECONOMIC ANNOUNCEMENTS

Retail Sales (00:01)

FINAL DIVIDEND PAYMENT DATE

Investec, Manx Financial Group, MS International, Record

Related articles

Friday preview: UK data and US inflation stats in focus

Friday preview: UK data and US inflation stats in focus

(Sharecast News) - There will be an absence of corporate results on Friday as markets wind down for the Christmas holiday, but that won't stop a flurry of economic data announcements from being released from the UK and US. After strong gains in recent weeks, stock...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x