Week ahead: Autumn statement, Fed minutes in focus

by | Nov 20, 2023

(Sharecast News) – Investors’ focus over the coming week will be on the Chancellor’s Autumn statement, on Tuesday, with the most recent economic data showing that he had approximately £90bn of leeway to tweak fiscal policy.
According to Michael Hewson, chief market analyst at CMC Markets UK, tax cuts were unlikely.

But the possibility did exist that the government might try and help struggling businesses by extending full expensing beyond the currently anticipated end date of 2026.

Other possibilities included tweaks to pensions or stamp duty, as well as a shake-up of ISAs in order to boost domestic investment in the UK stock market and changes to fuel and tobacco duty, Hewson said.

The next day, the U.S. Federal Reserve will release the minutes of its last policy meeting.

Here, attention will be on any remarks that might validate market pricing for rate cuts in the back half of 2024.

Wednesday will also see the release of the latest weekly U.S. jobless claims data, monthly data for durable goods orders and the results of the University of Michigan’s consumer confidence survey.

Those data points will be followed on Friday by S&P Global’s Purchasing Managers’ Indices for manufacturing and services covering the month of November.

That same consultancy will publish rival PMIs for the euro area and UK on Thursday.

To keep in mind, stock markets in the U.S. will be closed on Thursday in observance of the Thanksgiving Day holiday, while Friday’s session will be a shortened one, ending at 1900 GMT.

Monday 20 November

FINALS

Diploma, Compass Group, Cerillion

INTERIMS

Polar Capital Holdings, SRT Marine Systems, Thruvision Group, Big Yellow Group,

Ondo Insurtech

Q1

Seraphim Space Investment Trust

Q3

MTI Wireless Edge Ltd.

TRADING ANNOUNCEMENTS

Begbies Traynor Group, Senior, Mcbride, Ashtead Group

AGMs

Rainbow Rare Earths Limited NPV, Seraphim Space Investment Trust, Mcbride, Mountview Estates

GMs

Bellevue Healthcare Trust (Red), Mountview Estates

ANNUAL REPORT

Beeks Financial Cloud Group, Aptamer Group, Braemar, Aeorema Communications, Northamber

DRILLING REPORT

Empire Metals Limited NPV (DI), Power Metal Resources, Helium One Group Ltd (DI)

INTERIM DIVIDEND PAYMENT DATE

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Producer Price Index (GER) (07:00)

Tuesday 21 November

INTERIMS

Intercede Group, Accsys Technologies, AO World, Schroder Real Estate Investment Trust Ltd, Eckoh, Telecom Plus, Workspace Group, Caledonia Investments, Cranswick,

Trifast

TRADING ANNOUNCEMENTS

CRH (CDI)

AGMs

Berkeley Energia Limited (DI), Physiomics

GMs

Trainline, Currys, Custodian Property Income Reit

INTERIM DIVIDEND PAYMENT DATE

Catalyst Media Group

UK ECONOMIC ANNOUNCEMENTS

Public Sector Net Borrowing (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Existing Home Sales (US) (15:00)

Wednesday 22 November

FINALS

Grainger, Ten Lifestyle Group, Sage Group, Britvic

INTERIMS

Speedy Hire, Halfords Group, NextEnergy Solar Fund Limited Red, Shearwater Group, Helical, Molten Ventures, Johnson Matthey, HICL Infrastructure

TRADING ANNOUNCEMENTS

Coats Group

Rotork

Kingfisher

AGMs

Leeds Group, GreenX Metals Limited NPV (DI), Crystal Amber Fund Ltd., Genus, Celtic

INTERIM DIVIDEND PAYMENT DATE

CRH (CDI), Toyota Motor Corp., NB Global Monthly Income Fund Limited Red Ord Shs NPV £

UK ECONOMIC ANNOUNCEMENTS

Autumn Statement (UK)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

MBA Mortgage Applications (US) (12:00)

Continuing Claims (US) (13:30)

Durable Goods Orders (US) (13:30)

Initial Jobless Claims (US) (13:30)

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

Crude Oil Inventories (US) (15:30)

Thursday 23 November

INTERIMS

XPS Pensions Group, NewRiver REIT, First Property Group, Volex, SIG, FirstGroup

LondonMetric Property, Alpha Financial Markets Consulting, PayPoint, Mitie Group,

Kore Potash

Q3

Princess Private Equity Holding Ltd. (EUR)

AGMs

Pan African Resources, PZ Cussons, DX (Group), Avation, Pacific Horizon Inv Trust

Europa Oil & Gas (Holdings), Abrdn UK Smaller Companies Growth Trust, Rosslyn Data Technologies

FINAL EX-DIVIDEND DATE

Lok’n Store Group, Tristel, Craneware, Volution Group

INTERIM EX-DIVIDEND DATE

Liontrust Asset Management, Palace Capital, Kainos Group, Yu Group, British Land Company, abrdn Asia Focus, Urban Logistics Reit, Babcock International Group, Inspiration Healthcare Group, Octopus Apollo VCT, Tatton Asset Management, RS Group, Castings, National Grid, 3i Infrastructure, Cake Box Holdings, JPMorgan Global Growth & Income, DCC (CDI), Imperial Brands, Scottish Mortgage Inv Trust, Worldwide Healthcare Trust, FRP Advisory Group, Tate & Lyle, Young & Co’s Brewery ‘A’ Shares, Atrato Onsite Energy, Vodafone Group, Witan Inv Trust, Young & Co’s Brewery (Non-Voting)

INTERIM DIVIDEND PAYMENT DATE

Me Group International, Invesco Asia Trust, Serica Energy

INTERIM DIVIDEND PAYMENT DATE

Serica Energy, Me Group International, Invesco Asia Trust

SPECIAL EX-DIVIDEND DATE

abrdn Asia Focus

QUARTERLY EX-DIVIDEND DATE

Land Securities Group, BlackRock Sustainable American Income Trust, BlackRock World Mining Trust, HICL Infrastructure, Vaalco Energy, Inc (DI)

QUARTERLY PAYMENT DATE

JPMorgan Asia Growth & Income

Friday 24 November

INTERIMS

Alpha Real Trust Ltd.

TRADING ANNOUNCEMENTS

Intertek Group

AGMs

Cloudbreak Discovery, Sovereign Metals Limited NPV (DI), Neometals Ltd Npv (Di), Base Resources Ltd, Sylvania Platinum Ltd (DI)

FINAL DIVIDEND PAYMENT DATE

Smiths Group, Mulberry Group, Close Brothers Group, Ricardo, Thorpe (F.W.), MJ Gleeson

INTERIM DIVIDEND PAYMENT DATE

Sanderson Design Group, Marwyn Value Investors Limited, Sequoia Economic, Infrastructure Income Fund Limited, Henderson Far East Income Ltd., Next 15 Group, Amati AIM Vct, Warpaint London, Hansa Investment Company Limited (DI), Starwood European Real Estate Finance Ltd, Impact Healthcare Reit, Tesco, Hansa Investment Company Limited ‘A’ Non Vtg (DI), Target Healthcare Reit Ltd, Alternative Income Reit, Anpario, Greencoat UK Wind, M & G Credit Income Investment Trust, Dunedin Income Growth Inv Trust, Konami Group Corporation, Foresight Solar Fund Limited, Taylor Maritime Investments Limited NPV, Edinburgh Inv Trust, S&U, Abrdn Asian Income Fund Limited NPV, Taylor Maritime Investments Limited NPV, Abrdn New Dawn Investment Trust, Bioventix

SPECIAL DIVIDEND PAYMENT DATE

abrdn Smaller Companies Income Trust, B.P. Marsh & Partners

QUARTERLY PAYMENT DATE

Primary Health Properties, Seplat Energy (DI)

UK ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (00:01)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Gross Domestic Product (GER) (07:00)

IFO Expectations (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Business Climate (GER) (09:00)

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