Thursday preview: US data, EasyJet in the spotlight

by | Jul 19, 2023

(Sharecast News) – Investors’ focus on Thursday would be on another raft of US economic data.

Chief among those would be the Federal Reserve Bank of Philadelphia’s regional manufacturing sector survey for July.

Also due out were existing home sales data covering that same month.

And as ever, the latest weekly unemployment figures would be scrutinised for any signal of further easing in job market conditions.

Overnight meanwhile, the People’s Republic of China was to announce its latest interest rate decision.

A reading for euro area producer prices in June was also scheduled for release.

On the company side of things, EasyJet was due to post its third quarter results.

There was optimism that the carrier would move back into the black in 2023 as travel returned to normal, Michael Hewson, chief market analyst at CMC Markets UK said.

However, there was concern that higher fares might keep capacity levels from ever returning to their pre-Covid levels.

Travel disruptions were another potential negative.

At the time of its last results the company held guidance for 56m seats in the back half of the year with capacity seen at 94% in its fourth which was around pre-pandemic levels.

Consensus was for third quarter revenues to reach £2.27bn with passenger revenues hitting £1.75bn and a load factor of 89.8%.

Thursday 20 July


Howden Joinery Group, PensionBee Group


Blackrock Income And Growth Investment Trust, Hercules Site Services , Porvair


Custodian Property Income Reit, JpMorgan China Growth & Income , M Winkworth, TwentyFour Select Monthly Income Fund Limited


Continuing Claims (US) (13:30)

Existing Home Sales (US) (15:00)

Initial Jobless Claims (US) (13:30)

Philadelphia Fed Index (US) (13:30)

Producer Price Index (GER) (07:00)


Babcock International Group


Bytes Technology Group , Invesco Select Trust Balanced Risk Alloc Shs


Acg Acquisition Company Limited Cls A Npv (DI), Kingspan Group (CDI), UPL Limited GDR Reg S


Big Yellow Group, CT UK High Income Trust, Evgen Pharma, FD Technologies Public Limited Company, Fidelity China Special Situations , Fidelity China Special Situations , Fuller Smith & Turner, Fuller Smith & Turner, GB Group, Halma, Intermediate Capital Group, International Distributions Services, Johnson Matthey, Octopus AIM VCT, Pennon Group, Premier Foods, QinetiQ Group, SSE, Weiss Korea Opportunity Fund Ltd


Diploma, Dunelm Group, PensionBee Group , QinetiQ Group, SSE


Public Sector Net Borrowing (07:00)


Centrica, DCC (CDI)


Bytes Technology Group , Castings, Cranswick, D4T4 Solutions, Ninety One , Northern 2 VCT, Northern 3 VCT, Northern Venture Trust, Pennon Group, Telecom Plus, Volex

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