Week ahead: Euro area and US inflation, China factory PMI in focus

by | Mar 25, 2023

The market spotlight over the coming week was expected to shift back towards key inflation readings on either side of the Atlantic, assuming calm in global banking.
In the euro area, the focus would be on a preliminary reading for consumer price inflation for the month of March due out on Friday.

Ahead of that, on Monday the European Central Bank would release money supply growth figures for February and the prestigious IFO institute its closely followed gauge of business confidence for the euro area’s largest economy.

The week would also be back-end loaded in the States with readings for the Federal Reserve’s preferred inflation gauge also scheduled for release on Friday.

February’s price deflator for personal consumption expenditures in the US was expected to tick lower by one tenth of a percentage point from 5.4% year-on-year to 5.3%.

That same day, the University of Michigan would release final readings for its consumer confidence survey covering the month of March.

Also on Friday, investors would be digesting the results of the official Chinese manufacturing sector purchasing managers’ index for March.

On home shores meanwhile, Tuesday would bring with it Nationwide’s home price index for March, followed by official public sector net borrowing figures for February the next day.

Monday 27 March

INTERIMS

Target Healthcare Reit Ltd

INTERIM DIVIDEND PAYMENT DATE

Mountview Estates

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

M3 Money Supply (EU) (09:00)

FINALS

Belvoir Group, Dialight, Globaltrans Investment GDR (Reg S), Life Science REIT, Sigmaroc , Tandem Group, Thungela Resources Limited NPV (DI)

ANNUAL REPORT

National Express Group

SPECIAL DIVIDEND PAYMENT DATE

Mountview Estates

AGMS

GSK, LG Electronics Inc GDS (Reg S)

Tuesday 28 March

INTERIMS

Bellway, eEnergy Group, Nanoco Group, Softcat

QUARTERLY PAYMENT DATE

Diversified Energy Company

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Confidence (US) (15:00)

House Price Index (US) (14:00)

FINALS

Animalcare Group, Bango, Barr (A.G.), Burning Rock Biotech Limited Ads (Each Repr 1 Class A Ord Usd0.0002), CPP Group, EKF Diagnostics Holdings , Elecosoft Public Limited Company, Empresaria Group, Good Energy Group, Impact Healthcare Reit , Personal Group Holdings, S&U, Synthomer, Team17 Group, The Mission Group, VH Global Sustainable Energy Opportunities , Wood Group (John)

ANNUAL REPORT

Impact Healthcare Reit

EGMS

Ground Rents Income Fund

AGMS

Autins Group, Cindrigo Holdings Limited, Ground Rents Income Fund

TRADING ANNOUNCEMENTS

Darktrace

UK ECONOMIC ANNOUNCEMENTS

Nationwide House Price Index (07:00)

Wednesday 29 March

INTERIMS

Up Global Sourcing Holdings

INTERIM DIVIDEND PAYMENT DATE

Ashmore Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

GFK Consumer Confidence (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

Pending Homes Sales (US) (15:00)

FINALS

Big Technologies, Central Asia Metals, Ecora Resources, Inspired, Medica Group , Michelmersh Brick Holdings, Michelmersh Brick Holdings, Next, Octopus Renewables Infrastructure Trust , RM, S4 Capital, Strix Group , Surgical Innovations Group, The Artisanal Spirits Company, Tinybuild Inc. (DI) (Reg s, CAT 3)

SPECIAL DIVIDEND PAYMENT DATE

Shoe Zone

AGMS

Various Eateries , Versarien

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

Consumer Credit (09:30)

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

FINAL DIVIDEND PAYMENT DATE

Shoe Zone

Thursday 30 March

INTERIMS

Gattaca, Renalytix (Reg S), Supermarket Income Reit

INTERIM DIVIDEND PAYMENT DATE

Base Resources Ltd , BHP Group Limited NPV (DI), Genus

INTERIM EX-DIVIDEND DATE

Konami Group Corporation, New Star Investment Trust, The European Smaller Companies Trust

QUARTERLY PAYMENT DATE

Energean

QUARTERLY EX-DIVIDEND DATE

BlackRock Sustainable American Income Trust, Duke Royalty Limited, Primary Health Properties, Value and Indexed Property Income Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Continuing Claims (US) (13:30)

Economic Sentiment Indicator (EU) (10:00)

Gross Domestic Product (US) (13:30)

Industrial Confidence (EU) (10:00)

Initial Jobless Claims (US) (13:30)

Personal Consumption Expenditures (US) (13:30)

Services Sentiment (EU) (10:00)

FINALS

Aquis Exchange , Arbuthnot Banking Group, BBGI Global Infrastructure S.A. NPV (DI), Chesnara, Gresham House, IGas Energy, International Public Partnerships Ltd., Microlise Group, Robinson, Secure Trust Bank, XLMedia

SPECIAL EX-DIVIDEND DATE

BioPharma Credit , BioPharma Credit , Quartix Technologies, Starwood European Real Estate Finance Ltd

EGMS

Air China Ltd.

AGMS

AssetCo, Banco Santander S.A., Nexus Infrastructure , Oxford Biodynamics , Pantheon Infrastructure , Power Metal Resources

TRADING ANNOUNCEMENTS

AO World, Moonpig Group

FINAL EX-DIVIDEND DATE

Abrdn , AIB Group (CDI), Aviva, Fidelity European Trust, Globaldata, IDOX, InterContinental Hotels Group, Maven Income and Growth VCT 5, Mondi, Moneysupermarket.com Group, Phoenix Group Holdings , Quartix Technologies, Smith & Nephew, Taylor Wimpey, Wynnstay Group

Friday 31 March

INTERIMS

James Halstead

INTERIM DIVIDEND PAYMENT DATE

City of London Investment Group, DX (Group), Fonix Mobile , Gateley (Holdings) , Hargreaves Lansdown, Mid Wynd International Inv Trust

QUARTERLY PAYMENT DATE

BP, Downing Renewables & Infrastructure Trust, HICL Infrastructure , NextEnergy Solar Fund Limited Red, Pollen Street, Premier Miton Global Renewables Trust, RM Infrastructure Income, Tetragon Financial Group Limited, The Renewables Infrastructure Group Limited, Vaalco Energy, Inc (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Chicago PMI (US) (14:45)

Import Price Index (GER) (07:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

Retail Sales (GER) (07:00)

U. of Michigan Confidence (Final) (US) (15:00)

Unemployment Rate (EU) (10:00)

Unemployment Rate (GER) (08:55)

FINALS

Computacenter, Dignity, M. P. Evans Group

ANNUAL REPORT

Bank of Cyprus Holdings Public Limited Company (CDI)

SPECIAL DIVIDEND PAYMENT DATE

Centaur Media, NB Global Monthly Income Fund Limited Red Ord Shs NPV £

AGMS

Angus Energy , Brunner Inv Trust, Inland Homes, MediaZest, Pressure Technologies, ROS Agro GDR REG S, Tekmar Group

TRADING ANNOUNCEMENTS

Pennon Group

UK ECONOMIC ANNOUNCEMENTS

Current Account (07:00)

Gross Domestic Product (07:00)

FINAL DIVIDEND PAYMENT DATE

Aviva 8 3/8% Cumulative Irrd Preference 1, Barclays, Blackrock Throgmorton Trust, Henry Boot Prf, Imperial Brands , Keystone Positive Change Investment Trust 5% Cumulative Preference 1, Northern Electricity Prf, Rights & Issues Investment Trust , S and U 6% Cumulative Prf. £1, Titon Holdings

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