Week ahead: Global services PMIs, FOMC minutes

by | Jul 2, 2021

Financial markets’ focus over the coming week will be on a slew of survey results on services sector activity from around the developed world for the month of June.
The surveys, including that for the UK, will be released on Monday.

And while those for the euro area are expected to reveal a modest slowdown in activity when compared to the previous month, consensus is that UK services activity in fact accelerated a bit.

The other key release of the week won’t arrive until Friday, when China’s National Bureau of Statistics will publish a reading on consumer price data for June.

On the central bank front, on Wednesday the US Federal Reserve will release the minutes of the Federal Open Market Committee’s June policy meeting, which are likely to be closely scrutinised given the changes in the outlook that were formulated at that gathering.

They will be preceded by an interest decision from the Reserve Bank of Australia, on Tuesday.

On home shores meanwhile, and also on Friday, the Office for National Statistics will release GDP data for May.

June house price surveys from Halifax and the Royal Institute of Chartered Surveyors will be released on Wednesday and Thursday, respectively.

To take note of, US financial markets will remain closed on Monday in observance of the 4 July holiday.

Monday 05 July

INTERIMS

Porvair

INTERIM DIVIDEND PAYMENT DATE

Kingfisher

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

ISM Prices Paid (US) (15:00)

ISM Services (US) (15:00)

PMI Composite (GER) (08:55)

PMI Services (GER) (08:55)

FINALS

Hipgnosis Songs Fund Limited NPV, The Panoply Holdings

SPECIAL DIVIDEND PAYMENT DATE

Games Workshop Group

EGMS

Hurricane Energy

AGMS

Keystone Law Group , Nostra Terra Oil & Gas Co

UK ECONOMIC ANNOUNCEMENTS

PMI Services (09:30)

FINAL DIVIDEND PAYMENT DATE

Kingfisher, Pacific Assets Trust, Synthomer, Warpaint London

Tuesday 06 July

INTERIMS

RM

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

PMI Composite (EU) (09:00)

PMI Composite (US) (14:45)

PMI Services (EU) (09:00)

PMI Services (US) (14:45)

Retail Sales (EU) (10:00)

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

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

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

FINALS

Kinovo , Mercia Asset Management, Purplebricks Group, Totally

AGMS

Assura , Billington Holdings, Brown (N.) Group, Brown (N.) Group, Calculus VCT , JZ Capital Partners Ltd, Marks & Spencer Group, Predator Oil & Gas Holdings NPV

TRADING ANNOUNCEMENTS

Sainsbury (J)

UK ECONOMIC ANNOUNCEMENTS

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Billington Holdings

Wednesday 07 July

INTERIMS

Schroder European Real Estate Investment Trust

INTERIM DIVIDEND PAYMENT DATE

Britvic

QUARTERLY PAYMENT DATE

Law Debenture Corp.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Industrial Production (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

FINALS

Adept Technology Group, Creightons, Enteq Upstream

EGMS

Manx Financial Group

AGMS

Aveva Group, Biffa, Downing Strategic Micro-Cap Investment Trust Red, Maven Income & Growth VCT, Shires Income, Smartspace Software , Steppe Cement Ltd, Tanfield Group, Wincanton

TRADING ANNOUNCEMENTS

Ferrexpo, Robert Walters, Ten Entertainment Group

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (07:00)

Halifax House Price Index (08:30)

Index of Services (07:00)

FINAL DIVIDEND PAYMENT DATE

Balfour Beatty

Thursday 08 July

INTERIM EX-DIVIDEND DATE

CC Japan Income & Growth Trust, Dewhurst, Dewhurst (Non-Voting), Mobeus Income & Growth 4 Vct, Safestore Holdings, Schroder UK Mid Cap Fund, SCS Group , Witan Investment Trust Plc

QUARTERLY PAYMENT DATE

GlaxoSmithKline

QUARTERLY EX-DIVIDEND DATE

BlackRock Latin American Inv Trust, BMO Private Equity Trust, British American Tobacco, JPMorgan Asia Growth & Income, JPMorgan Japan Small Cap Growth & Income, Marble Point Loan Financing Limited NPV, Middlefield Canadian Income PCC, Primary Health Properties, Real Estate Credit Investments Ltd, Yew Grove Reit (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Consumer Credit (US) (20:00)

Continuing Claims (US) (13:30)

Current Account (GER) (07:00)

Initial Jobless Claims (US) (13:30)

GMS

Augmentum Fintech

FINALS

Fuller Smith & Turner, Jet2, ReNeuron Group, Watches of Switzerland Group

SPECIAL EX-DIVIDEND DATE

Albion Venture Capital Trust, Octopus AIM VCT

AGMS

Active Energy Group, Air Partner, First Derivatives, Great Portland Estates, Hyve Group, JPMorgan European Inv Trust Growth Shares, Land Securities Group, Pets at Home Group , Severn Trent, Templeton Emerging Markets Inv Trust, Third Point Investors Limited NPV $, Worldwide Healthcare Trust

TRADING ANNOUNCEMENTS

Electrocomponents, Entain, Persimmon

UK ECONOMIC ANNOUNCEMENTS

RICS Housing Market Survey (00:01)

FINAL DIVIDEND PAYMENT DATE

Alliance Pharma, Ra International Group

FINAL EX-DIVIDEND DATE

Anglo Pacific Group, Aveva Group, Big Yellow Group, Coca-Cola HBC AG (CDI), Halma, Integrated Diagnostics Holdings, Mobeus Income & Growth 2 Vct, Mountview Estates, Next Fifteen Communications, Octopus AIM VCT, Octopus Apollo VCT, ProVen Growth & Income VCT, ProVen VCT, Sirius Real Estate Ltd., Telecom Plus, Tribal Group, Wincanton, Wynnstay Properties

Friday 09 July

INTERIM DIVIDEND PAYMENT DATE

Associated British Foods, Nexus Infrastructure

QUARTERLY PAYMENT DATE

NB Global Monthly Income Fund Limited Red Ord Shs NPV £

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Wholesales Inventories (US) (15:00)

GMS

Melrose Industries

ANNUAL REPORT

Mountview Estates

EGMS

FastForward Innovations Limited

AGMS

Federal Bank Ltd (The) GDR (REGS), Riverfort Global Opportunities , Sainsbury (J), Scirocco Energy , Subex Ltd GDR (Reg S)

TRADING ANNOUNCEMENTS

MJ Gleeson

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (07:00)

Gross Domestic Product (07:00)

Index of Services (07:00)

Industrial Production (07:00)

Manufacturing Production (07:00)

FINAL DIVIDEND PAYMENT DATE

Camellia, Downing Strategic Micro-Cap Investment Trust Red, Forterra, Hill & Smith Holdings, Judges Scientific, Keystone Law Group , London Security, S&U, Sopheon , WPP

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