Week ahead: US non-farm payrolls, global PMIs in the spotlight

by | May 31, 2021

Financial markets’ focus over the coming week will be squarely on the release of the official monthly US jobs report.
The US Department of Labor is expected to say on Friday that non-farm payrolls increased by 621,000 in May after a 266,000 gain during the previous month.

Also due out are a raft of manufacturing and services sector surveys from around the world, starting with the Caixin factory Purchasing Managers Index on Tuesday.

Comparable PMIs are due out on the same day in the euro area, UK and US.

They will be followed by services sector PMIs on Thursday.

Investors will be keeping an eye out for two speeches from Bank of England Governor Andrew Bailey on Tuesday and Thursday.

Preliminary readings on consumer price inflation in May are also due out from multiple European countries, including Germany, Italy and Spain, all on Monday.

According to economists at Barclays Research, the present week’s data releases will remain “crucial” for central bankers and policymakers around the world debating whether and how to modify their monetary policy stance.

Monday 31 May

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

M3 Money Supply (EU) (09:00)

Retail Sales (GER) (07:00)

UK ECONOMIC ANNOUNCEMENTS

Nationwide House Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE

LLoyds Banking Group 9.25% Non-Cum Irredeemable Pref Shares, LLoyds Banking Group 9.75% Non-Cum Irredeemable Pref Shares

Tuesday 01 June

INTERIMS

Gooch & Housego, Tekmar Group

INTERIM EX-DIVIDEND DATE

Vectura Group

QUARTERLY PAYMENT DATE

JpMorgan China Growth & Income

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Auto Sales (US) (20:30)

Construction Spending (US) (15:00)

PMI Manufacturing (GER) (08:55)

PMI Manufacturing (EU) (09:00)

PMI Manufacturing (US) (14:45)

Unemployment Rate (EU) (10:00)

Unemployment Rate (GER) (08:55)

FINALS

Biffa, Deepmatter Group

ANNUAL REPORT

ASA International Group

AGMS

Churchill China, North American Income Trust (The)

TRADING ANNOUNCEMENTS

Centralnic Group

UK ECONOMIC ANNOUNCEMENTS

PMI Manufacturing (09:30)

FINAL DIVIDEND PAYMENT DATE

BAE Systems, Belvoir Group, Essentra, Holders Technology, Investec Investment Trust 3 1/2% Cumulative Preference Stock, Zotefoams

Wednesday 02 June

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

ISM Manufacturing (US) (15:00)

ISM Prices Paid (US) (15:00)

MBA Mortgage Applications (US) (12:00)

Producer Price Index (EU) (10:00)

GMS

Tern

FINALS

Bloomsbury Publishing, Schroder Real Estate Investment Trust Ltd, Wizz Air Holdings

AGMS

Arrow Global Group, Everyman Media Group , Gaming Realms, Gem Diamonds Ltd. (DI), Gran Tierra Energy Inc. (CDI), GYG, Jersey Oil and Gas , Pennant International Group, Surface Transforms, Xaar

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

Consumer Credit (09:30)

M4 Money Supply (00:00)

Mortgage Approvals (09:30)

FINAL DIVIDEND PAYMENT DATE

Hochschild Mining, Mitsubhi Electric Corp., Ormonde Mining (CDI), OSB Group , Strix Group

Thursday 03 June

INTERIM EX-DIVIDEND DATE

Albion Technology & General VCT, Associated British Foods, Aviva 8 3/4% Cumulative Irrd Preference 1, Brunner Investment 5% Prf, Foresight 4 VCT, Gateley (Holdings) , General Accident ‘A’, Henderson European Focus Trust, Jersey Electricity ‘A’ Shares, Kingfisher, Majedie Investments, Victrex plc

QUARTERLY PAYMENT DATE

Greencoat Renewables (CDI), Wheaton Precious Metals Corp.NPV (CDI)

QUARTERLY EX-DIVIDEND DATE

Honeycomb Investment Trust, Law Debenture Corp., Premier Miton Global Renewables Trust, RM Secured Direct Lending, Round Hill Music Royalty Fund Limited NPV, UIL Limited (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

PMI Composite (EU) (09:00)

PMI Composite (GER) (08:55)

PMI Composite (US) (14:45)

PMI Services (EU) (09:00)

PMI Services (GER) (08:55)

PMI Services (US) (14:45)

FINALS

Braemar Shipping Services, Discoverie Group, NewRiver REIT, Pennon Group, Workspace Group

AGMS

Camellia, Camellia, Centralnic Group , Checkit, Destiny Pharma , Flowtech Fluidpower, Informa, Menhaden, Michelmersh Brick Holdings, NetScientific , Pagegroup, The Pebble Group, Tissue Regenix Group

UK ECONOMIC ANNOUNCEMENTS

PMI Services (09:30)

FINAL DIVIDEND PAYMENT DATE

Fundsmith Emerging Equities Trust , Macfarlane Group, Relx plc

FINAL EX-DIVIDEND DATE

Animalcare Group, Balfour Beatty, Billington Holdings, Computacenter, Gamma Communications, Hill & Smith Holdings, Hilton Food Group, Keller Group, Kingfisher, Learning Technologies Group , Marshalls, Michelmersh Brick Holdings, National Grid, Randall & Quilter Investment Holdings (DI), Renold 6% Cum. Prfd., Scottish Mortgage Inv Trust, Spectra Systems Corporation, Synthomer, Worldwide Healthcare Trust

Friday 04 June

INTERIM DIVIDEND PAYMENT DATE

BlackRock Greater Europe Inv Trust, James Halstead

QUARTERLY PAYMENT DATE

Honeywell International Inc., JPMorgan Claverhouse Inv Trust, TwentyFour Select Monthly Income Fund Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (US) (14:00)

ISM Services (US) (15:00)

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

Retail Sales (EU) (10:00)

Unemployment Rate (US) (13:30)

AGMS

B90 Holdings NPV, Schroder UK Public Private Trust

UK ECONOMIC ANNOUNCEMENTS

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Admiral Group, Bodycote, Croda International, Curtis Banks Group, Derwent London, Empresaria Group, FDM Group (Holdings), Lancashire Holdings Limited, North American Income Trust (The), Ocean Wilsons Holdings Ltd., Porvair, Reach, Robert Walters, Serco Group, SThree, Weiss Korea Opportunity Fund Ltd

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