Week ahead: US inflation, Asian central banks in focus

by | May 24, 2021

The spotlight in financial markets is expected to continue to be on US inflation readings, in particular, although a myriad of key reports and policy decisions are also due throughout the week.
Multiple first-tier US economic data are also scheduled for release at the end of the week, with some analysts arguing that the PCE price deflator data due out on Friday will be the key release to watch for.

Amid a backdrop of fast rising prices, a raft of US housing data out on Tuesday may also garner investors’ attention.

Multiple US Treasury debt auctions will also take place throughout the week, including for notes maturing in five and seven years, on Wednesday and Thursday, respectively.

It is against that backdrop that policymakers at multiple central banks in Asia-Pacific will meet to decide on rates, including those at the Bank of Indonesia, Reserve Bank of New Zealand and Bank of Korea, starting from Tuesday.

A raft of economic indicators are also due out in Japan, on Friday.

Worth noting, Covid-19 flare ups had dampened growth expectations in some parts of Asia, Barclays Research said.

On home shores, public sector net borrowing figures for April will be forthcoming on Tuesday, followed by the Nationwide house price index on Friday.

Japanese exports meanwhile were being held back by shortages of semiconductors.

Bank of England Governor, Andrew Bailey, will deliver a speech on Monday, at 1900 BST.

Across the Channel, the German IFO business confidence index will come out on Tuesday, followed by the GfK consumer index for that same country on Thursday.

The World Economic Forum will kick off on Tuesday, from Singapore.

Monday 24 May

GMS

Ashoka India Equity Investment Trust

FINALS

Kainos Group , Randall & Quilter Investment Holdings (DI)

SPECIAL DIVIDEND PAYMENT DATE

888 Holdings

AGMS

4D Pharma , BlackBird, Cloudcall Group, Energean , Henderson High Income Trust, Hilton Food Group, Kcell Joint Stock Co GDR (Reg S), Phoenix Copper Limited

FINAL DIVIDEND PAYMENT DATE

888 Holdings, Chesnara, Old Mutual Limited NPV (DI)

Tuesday 25 May

INTERIMS

Avon Rubber, Greencore Group (CDI), Ixico, Shaftesbury

QUARTERLY EX-DIVIDEND DATE

Seplat Petroleum Development Company (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Gross Domestic Product (GER) (07:00)

House Price Index (US) (14:00)

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

Import Price Index (GER) (07:00)

New Homes Sales (US) (15:00)

GMS

Marlowe

FINALS

Aveva Group, Big Yellow Group, Calnex Solutions , Electrocomponents, Helical, Hurricane Energy, Speedy Hire, Warehouse Reit

EGMS

Yew Grove Reit (CDI)

AGMS

Aeci 5 1/2% Prf, Air China Ltd., Aston Martin Lagonda Global Holdings, Bank of Cyprus Holdings Public Limited Company (CDI), Bank of Georgia Group, Bank of Ireland Group (CDI), Crossword Cybersecurity, Empiric Student Property , Epwin Group, Georgia Capital , Harworth Group, Hill & Smith Holdings, Logistics Development Group, Mortgage Advice Bureau (Holdings) , Mortgage Advice Bureau (Holdings) , PJSC PhosAgro GDR (Regs), Portmeirion Group, Restaurant Group, Riverstone Energy Limited , Yew Grove Reit (CDI)

UK ECONOMIC ANNOUNCEMENTS

Public Sector Net Borrowing (07:00)

FINAL DIVIDEND PAYMENT DATE

Central Asia Metals, Coats Group, Lloyds Banking Group, Standard Life Aberdeen

Wednesday 26 May

INTERIMS

Auction Technology Group , Oxford Metrics

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

FINALS

ASA International Group , Biffa, De La Rue, Marks & Spencer Group, Mediclinic International , SSE

AGMS

Anglo Pacific Group, Bango, China Yangtze Power Co., Ltd GDR (Reg S) , Coca-Cola Europacific Partners (DI), Deltic Energy , En+ Group International Public Joint-Stock Company GDR (Reg S), Equiniti Group , Eve Sleep PLC, HICL Infrastructure , Intertek Group, Judges Scientific, Keywords Studios, M&G, Playtech, Rambler Metals & Mining, Sherborne Investors (Guernsey) ‘B’ Limited, Zotefoams

TRADING ANNOUNCEMENTS

Intertek Group

FINAL DIVIDEND PAYMENT DATE

Genuit Group, London Stock Exchange Group, Sanne Group

Thursday 27 May

INTERIMS

Daily Mail and General Trust A (Non.V), Impax Asset Management Group, Residential Secure Income, Tharisa (DI)

INTERIM DIVIDEND PAYMENT DATE

Northamber

INTERIM EX-DIVIDEND DATE

Antofagasta 5% Cum Prf, Barings Emerging Emea Opportunities , Britvic, Cardiff Property, Cerillion , Croda International 5.9% Cumulative Preference 1, Croda International 6.6% Cumulative Preference 1, Diploma, Euromoney Institutional Investor, Fuller Smith and Turner 6% 1st Cumulative Preference 1, Grainger, REA Holdings 9% Cum. Prf. #1, Rotork 9.5% Cum Prf. #1, Sage Group, Stock Spirits Group , Town Centre Securities

QUARTERLY PAYMENT DATE

Tetragon Financial Group Limited

QUARTERLY EX-DIVIDEND DATE

BlackRock World Mining Trust, Diversified Energy Company , HICL Infrastructure , Regional REIT Limited, Tritax Eurobox (EUR), Tritax Eurobox (GBP)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

Durable Goods Orders (US) (13:30)

GDP (Preliminary) (US) (13:30)

Initial Jobless Claims (US) (13:30)

Pending Homes Sales (US) (15:00)

FINALS

Caledonia Investments, Invinity Energy Systems , Johnson Matthey, LondonMetric Property, Pets at Home Group , Picton Property Income Ltd, Ted Baker, United Utilities Group

SPECIAL DIVIDEND PAYMENT DATE

Highcroft Investment

SPECIAL EX-DIVIDEND DATE

Games Workshop Group

AGMS

Albion Technology & General VCT, Belvoir Group, BMO Private Equity Trust, Bodycote, Bonhill Group, Brave Bison Group, Cambridge Cognition Holdings, Curtis Banks Group, Deltex Medical Group, Ferrexpo, Glenveagh Properties (CDI), Global Ports Investments GDR (REG S), Great Western Mining Corporation (CDI), Inchcape, Independent Inv Trust, Instem, International Public Partnerships Ltd., Nucleus Financial Group , OSB Group , Oxford Biomedica, Public Joint Stock Company Polyus (REG S) , Resolute Mining Limited NPV (DI), Restore, Strix Group , Valirx, Vectura Group, Xeros Technology Group , XLMedia, Yu Group

TRADING ANNOUNCEMENTS

Aviva, Johnson Matthey

FINAL DIVIDEND PAYMENT DATE

AVI Japan Opportunity Trust , Highcroft Investment, Legal & General Group, One Media IP Group

FINAL EX-DIVIDEND DATE

Advanced Medical Solutions Group, Andrews Sykes Group, Burford Capital NPV (DI), DCC (CDI), Fuller Smith and Turner 8% 2nd Cumulative Preference 1, Great Portland Estates, Intertek Group, James Halstead 5.5% Cumulative Preference 1, Mckay Securities, Mincon Group (CDI), Ra International Group, Severn Trent, STM Group, Vivo Energy

Q1

AB Ignitis Grupe GDR (Reg S), PJSC RusHydro ADR , Public Joint Stock Company Polyus (REG S)

Friday 28 May

INTERIM DIVIDEND PAYMENT DATE

Coral Products, Royal Bank of Scotland 11% Cum. Prf, Royal Bank of Scotland 5.5% Cum. Prf.

QUARTERLY PAYMENT DATE

City of London Inv Trust, Custodian Reit , Ediston Property Investment Company, Picton Property Income Ltd, SME Credit Realisation Fund Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Chicago PMI (US) (14:45)

Consumer Confidence (EU) (10:00)

Economic Sentiment Indicator (EU) (10:00)

Industrial Confidence (EU) (10:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

Services Sentiment (EU) (10:00)

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

GMS

Aseana Properties Ltd.

FINALS

HarbourVest Global Private Equity Limited A Shs, Odyssean Investment Trust, Volvere

ANNUAL REPORT

Odyssean Investment Trust

AGMS

United Oil & Gas , AIQ Limited (DI), Barr (A.G.), China Pacific Insurance (Group) Co., Ltd GDR (Reg S), Ebiquity, HSBC Holdings, Real Estate Investors, Reckitt Benckiser Group, Rotala, Savannah Energy, Tekcapital, Total SE, Wameja Limited (DI), Zinc Media Group

FINAL DIVIDEND PAYMENT DATE

Aptitude Software Group , Centaur Media, Clarkson, EP Global Opportunities Trust, Fevertree Drinks, Franchise Brands, Harworth Group, Headlam Group, Henry Boot, HGCapital Trust, JPMorgan American Inv Trust, Luceco , Mortgage Advice Bureau (Holdings) , Polymetal International, Rightmove, Sampo OYJ, Seplat Petroleum Development Company (DI), STV Group, Total Produce (CDI), Toyota Motor Corp., Tyman

FINAL EX-DIVIDEND DATE

Kakuzi Ltd.

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