Week ahead: US jobs data, euro area CPI in the spotlight

by | Dec 30, 2022

All eyes over the coming week will be on a raft of data on the US jobs market.
Key among those reports, as always, will be Friday’s monthly non-farm payrolls report.

The Department of Commerce is seen announcing a slowdown in the pace of hiring from the 263,000 person clip observed during the previous month to 200,000.

Nonetheless, the JOLTS labour market survey due out two days before for the month of November may also move financial markets.

So too the secondary jobless claims numbers that will be published on Thursday.

Markets will also be waiting on the latest factory and services Purchasing Managers’ Indices from the Institute for Supply Management’s on Wednesday and Friday, respectively.

Across the Channel, investors will be waiting on the release of final readings for S&P Global’s PMIs for euro area manufacturing and services for December.

They will be released on Tuesday and Wednesday.

Yet arguably the most important data point of the week on the Continent won’t come until Friday, when Eurostat will provide a first look at euro area consumer prices at the end of 2022.

Consensus is for a dip in the year-on-year rate of headline consumer price gains from 10.1% in November to 9.6% in December.

Barclays Research however is anticipating a steeper drop to 9.2%, although core CPI is only seen slipping from 5.0% to 4.9%.

In the UK, equivalent PMI results are due out on Tuesday and Thursday.

Consumer credit figures for the month of November will arrive on Wednesday.

On the other side of the globe, in China, Caixin’s monthly manufacturing PMI will be published on Monday – preceded by the official PMI at the weekend – with foreign trade numbers, also for December, expected on Friday.

Monday 02 January

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

PMI Manufacturing (GER) (08:55)

PMI Manufacturing (EU) (09:00)

Tuesday 03 January

INTERIM DIVIDEND PAYMENT DATE

Fuller Smith & Turner, Next, Renold 6% Cum. Prfd.

QUARTERLY PAYMENT DATE

BlackRock Sustainable American Income Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Auto Sales (US) (20:30)

Construction Spending (US) (15:00)

Consumer Price Index (GER) (13:00)

PMI Manufacturing (US) (14:45)

Unemployment Rate (GER) (08:55)

TRADING ANNOUNCEMENTS

Darktrace

UK ECONOMIC ANNOUNCEMENTS

PMI Manufacturing (09:30)

FINAL DIVIDEND PAYMENT DATE

Ecclesiastical Insurance 8.625% Non-Cum Irr Pref Shares, Rotork 9.5% Cum Prf. #1

FINAL EX-DIVIDEND DATE

Merchants Trust 3.65% Cumulative Preference 1

Wednesday 04 January

INTERIM DIVIDEND PAYMENT DATE

Braemar , Bunzl, Great Portland Estates, Mercia Asset Management, Tate & Lyle

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

FOMC Interest Rate Minutes (US) (19:00)

Import Price Index (GER) (07:00)

ISM Manufacturing (US) (15:00)

ISM Prices Paid (US) (15:00)

MBA Mortgage Applications (US) (12:00)

PMI Composite (EU) (09:00)

PMI Composite (GER) (08:55)

PMI Services (EU) (09:00)

PMI Services (GER) (08:55)

EGMS

Joint Stock Company National Atomic Company Kazatomprom GDR (Reg S)

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

Consumer Credit (09:30)

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

Thursday 05 January

INTERIM DIVIDEND PAYMENT DATE

Caledonia Investments, Castings, CMC Markets, Montanaro European Smaller Companies Trust

INTERIM EX-DIVIDEND DATE

Abrdn New Dawn Investment Trust, Auto Trader Group , Big Yellow Group, Bisichi , Cohort, Dr. Martens , I3 Energy , Iomart Group, QinetiQ Group, Severfield, Walker Crips Group, Workspace Group, XPS Pensions Group

QUARTERLY EX-DIVIDEND DATE

CT UK High Income Trust, CT UK High Income Trust B , Marble Point Loan Financing Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

PMI Composite (US) (14:45)

PMI Services (US) (14:45)

Producer Price Index (EU) (10:00)

SPECIAL EX-DIVIDEND DATE

Henderson European Focus Trust, Impellam Group

EGMS

Afritin Mining Limited NPV

TRADING ANNOUNCEMENTS

B&M European Value Retail S.A. (DI), Greggs, Next

UK ECONOMIC ANNOUNCEMENTS

PMI Composite (09:30)

PMI Construction (09:30)

FINAL EX-DIVIDEND DATE

Baillie Gifford European Growth Trust , Blackrock Frontiers Investment Trust, Gresham House Renewable Energy VCT 1 , Gresham House Renewable Energy VCT 2, Henderson European Focus Trust, Unicorn AIM VCT , Up Global Sourcing Holdings , WH Smith, Witan Investment Trust Plc

Friday 06 January

INTERIM DIVIDEND PAYMENT DATE

British Land Company, Hill and Smith, JD Sports Fashion, Pets at Home Group , RS Group

QUARTERLY PAYMENT DATE

Alpha Real Trust Ltd.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Confidence (EU) (10:00)

Economic Sentiment Indicator (EU) (10:00)

Factory Orders (GER) (07:00)

Factory Orders (US) (15:00)

Industrial Confidence (EU) (10:00)

ISM Prices Paid (US) (15:00)

ISM Services (US) (15:00)

Non-Farm Payrolls (US) (13:30)

Retail Sales (EU) (10:00)

Retail Sales (GER) (07:00)

Services Sentiment (EU) (10:00)

Unemployment Rate (US) (13:30)

AGMS

Gunsynd

UK ECONOMIC ANNOUNCEMENTS

Halifax House Price Index (07:00)

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Lok’n Store Group, Orchard Funding Group , Town Centre Securities

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