Week ahead: PMIs, ECB, and bond yields in focus

by | Apr 18, 2021

The coming week’s focus in financial markets worldwide will be on a raft of purchasing managers indices due out on Friday in the UK, euro area and US, and covering the month of April.
Nevertheless, the European Central Bank’s next policy meeting, on Thursday, may also draw a fair bit of attentions, as traders look for any hints as to how the Eurozone’s monetary authority might react to further upwards pressures on government bond yields, especially across the Pond.

Closely linked to the above, those PMI results may show that price pressures are rising due to short-term supply bottlenecks in the wake of the pandemic, not least for semiconductors.

According to Barclays Research, in combination with fiscal stimulus, especially in the States, and higher commodity prices, such pressures could at some point push inflation expectations and government bond yields higher.

To take note of, ECB chief, Christine Lagarde, us due to speak at an event at 1530 GMT on Friday afternoon.

Ahead of those risk events and on home shores, UK employment data for February are due out on Tuesday, followed by a reading on consumer prices in March the next day and reports covering monthly retail sales, and public sector net borrowing on Friday.

Further afield, rate-setters in China are due to meet to decide on interest rates on Tuesday.

Monday 19 April

QUARTERLY PAYMENT DATE

Contour Global

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Current Account (EU) (09:00)

FINALS

Churchill China

AGMS

ECR Minerals

Q1

Etalon Group GDR (Reg S)

Tuesday 20 April

INTERIMS

Associated British Foods

INTERIM DIVIDEND PAYMENT DATE

Hansard Global

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (GER) (07:00)

Producer Price Index (GER) (07:00)

Q3

Petra Diamonds Ltd.(DI)

FINALS

Filta Group Holdings, Flowtech Fluidpower, Maxcyte (DI)

AGMS

Aberdeen Emerging Markets Investment Company, Audioboom Group, Banco Bilbao Vizcaya Argentaria SA, Breedon Group , Franchise Brands, Globaldata, Herald Investment Trust, Porvair, XP Power Ltd. (DI)

TRADING ANNOUNCEMENTS

Avast, City of London Investment Group

UK ECONOMIC ANNOUNCEMENTS

Claimant Count Rate (07:00)

Unemployment Rate (07:00)

Wednesday 21 April

INTERIMS

Carr’s Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

FINALS

Distribution Finance Capital Holdings, Pennant International Group, Wentworth Resources NPV

SPECIAL DIVIDEND PAYMENT DATE

Invesco Income Growth Trust

EGMS

DP Eurasia N.V. (DI)

AGMS

Alliance Trust, Biome Technologies, Bunzl, Drax Group, Dukemount Capital, EP Global Opportunities Trust, Hunting, RTC Group, Serco Group, Zhejiang Expressway Co ‘H’ Shares

TRADING ANNOUNCEMENTS

Antofagasta, BHP Group, Quilter, Rio Tinto

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Producer Price Index (07:00)

Retail Price Index (07:00)

Thursday 22 April

QUARTERLY EX-DIVIDEND DATE

JpMorgan China Growth & Income , M Winkworth

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

ECB Interest Rate (EU) (12:45)

Existing Home Sales (US) (15:00)

Initial Jobless Claims (US) (13:30)

GMS

National Grid

FINALS

Avacta Group, Deltex Medical Group, Jadestone Energy Inc NPV (DI)

SPECIAL EX-DIVIDEND DATE

Highcroft Investment, Sabre Insurance Group

EGMS

GLI Finance Limited

AGMS

Aggreko, Bidstack Group , CLS Holdings, CVC Credit Partners European Opportunities Ltd GBP, Dev Clever Holdings, Domino’s Pizza Group, Foxtons Group , Ibstock , Jarvis Securities, JPMorgan Claverhouse Inv Trust, MD Medical Group Investments GDR (Reg S), Relx plc, SEGRO, SThree, Taylor Wimpey

TRADING ANNOUNCEMENTS

AJ Bell, Anglo American, Gem Diamonds Ltd. (DI), Rentokil Initial, SEGRO, Taylor Wimpey

FINAL EX-DIVIDEND DATE

Aggreko, Antofagasta, BAE Systems, Belvoir Group, Bodycote, Drax Group, Dunedin Enterprise Investment Trust, Essentra, Fresnillo, Genuit Group, Highcroft Investment, Hunting, JPMorgan American Inv Trust, Luceco , M. P. Evans Group, Maven Income & Growth 4 VCT, Merchants Trust, Quixant, Rathbone Brothers, Sabre Insurance Group, Secure Trust Bank, Spirax-Sarco Engineering, Tclarke , Tyman, Uniphar (CDI), Vitec Group

Q1

Novolipetsk Steel GDS (Reg S)

Friday 23 April

INTERIM DIVIDEND PAYMENT DATE

Henderson EuroTrust, JPMorgan Mid Cap Inv Trust, Thorpe (F.W.), TR European Growth Trust

QUARTERLY PAYMENT DATE

Standard Life Private Equity Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

New Homes Sales (US) (15:00)

SPECIAL DIVIDEND PAYMENT DATE

Alternative Liquidity Fund Limited

AGMS

BB Healthcare Trust (Red), Faron Pharmaceuticals Oy (DI), Hikma Pharmaceuticals, Murray International Trust, O’Key Group GDR (Reg S) , PAO Novatek GDR (Reg S), Senior

TRADING ANNOUNCEMENTS

DigitalBox, XPS Pensions Group

UK ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (00:01)

Retail Sales (07:00)

FINAL DIVIDEND PAYMENT DATE

Amino Technologies, Chemring Group, Globaldata

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