All eyes over the coming week would be on collapse of venture capital-focused lender SVB in the US and its fallout.
US regulators moved at the weekend to limit the risks of possible contagion and analysts appeared to agree that it was not a ‘Lehman moment’, in reference to the collapse of investment bank Lehman Brothers in 2008, which set the Great Financial Crisis in full swing.
The coming sessions would hopefully yield sufficient information to put investors’ worst fears to rest, but investor sentiment had taken a big hit and market participants were exceedingly wary.
Against that backdrop, US consumer price data due out on Tuesday was expected to reveal a decline in the annual rate of inflation from 6.4% for January to 6.0%.
Some economists cautioned that there were both upside and downside risks to the consensus forecast.
Core CPI meanwhile was seen ticking lower by a tenth of a percentage point to 5.5%.
Nonetheless, it appeared that the news out of the US banking sector would drown out the week’s economic repeorts.
Also due out during the week were readings for US retail sales, on Wednesday, as well for industrial production and consumer confidence, the latter two both on Friday.
On home shores, the market spotlight would be on the Budget, come Tuesday.
In the euro area, policymakers at the European Central were scheduled to announce their latest policy decision on Thursday.
Some economists believed that SVB’s collapse and market ructions might lead the ECB to hike rates by 25 basis points instead of by 50bp.
China would also be in the market spotlight, on Wednesday, as the National Bureau of Statistics released activity indicators covering fixed asset investment, industrial production and retail sales for the month of February.
Monday 13 March
INTERIMS
Nightcap
FINALS
Direct Line Insurance Group, HGCapital Trust, MTI Wireless Edge Ltd., Phoenix Group Holdings
ANNUAL REPORT
Lancashire Holdings Limited
SPECIAL EX-DIVIDEND DATE
NB Global Monthly Income Fund Limited Red Ord Shs NPV £
AGMS
BlackRock Energy and Resources Income Trust , Hercules Site Services
Tuesday 14 March
INTERIMS
Aptamer Group, Close Brothers Group, Eagle Eye Solutions Group, Litigation Capital Management Limited (DI), PCI-PAL, Virgin Wines UK
QUARTERLY PAYMENT DATE
Tritax Eurobox (EUR), Tritax Eurobox (GBP)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (US) (12:30)
GMS
Georgia Capital
FINALS
Genuit Group, Gresham Technologies, Harworth Group, Joint Stock Company National Atomic Company Kazatomprom GDR (Reg S) , Midwich Group, Yu Group
AGMS
MTI Wireless Edge Ltd., Redx Pharma
UK ECONOMIC ANNOUNCEMENTS
Claimant Count Rate (07:00)
Unemployment Rate (07:00)
Wednesday 15 March
INTERIMS
Kin and Carta
QUARTERLY PAYMENT DATE
Canadian General Investments Ltd.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Inventories (US) (14:00)
Crude Oil Inventories (US) (14:30)
Industrial Production (EU) (10:00)
MBA Mortgage Applications (US) (11:00)
Producer Price Index (US) (12:30)
Retail Sales (US) (12:30)
Retail Sales Less Autos (US) (12:30)
Wholesale Price Index (GER) (07:00)
Q4
Maxcyte (DI)
GMS
Invinity Energy Systems
FINALS
4Imprint Group, Advanced Medical Solutions Group, Balfour Beatty, Ferrexpo, Foresight Solar Fund Limited, Keywords Studios, Marshalls, Maxcyte (DI), Prudential
AGMS
BSF Enterprise , Chemring Group, Katoro Gold, Safestore Holdings, Samsung Electronics Co Ltd (ATT) GDR (Reg S)
FINAL DIVIDEND PAYMENT DATE
Blackrock Income And Growth Investment Trust, LLoyds Banking Group 6.475% Non-Cum Pref Shares, Newcastle 12 5/8% Perm Int Bearing Shs #1000, Tharisa (DI), Virgin Money UK
Thursday 16 March
INTERIMS
Gelion
INTERIM EX-DIVIDEND DATE
Abrdn UK Smaller Companies Growth Trust, Dunelm Group, Galliford Try, Grit Real Estate Income Group Limited NPV, Hansard Global, JPMorgan Emerging Markets Inv Trust, JPMorgan Mid Cap Inv Trust, NWF Group, Trifast, Tristel
QUARTERLY EX-DIVIDEND DATE
Abrdn Private Equity Opportunities Trust, Round Hill Music Royalty Fund Limited NPV
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Building Permits (US) (12:30)
Continuing Claims (US) (12:30)
Housing Starts (US) (12:30)
Import and Export Price Indices (US) (12:30)
Initial Jobless Claims (US) (12:30)
Philadelphia Fed Index (US) (12:30)
FINALS
Bridgepoint Group (Reg S) , Capital Limited (DI), Centamin (DI), Deliveroo Class A , Empiric Student Property , Eurocell , Gem Diamonds Ltd. (DI), Helios Towers , Hostmore , OSB Group , PensionBee Group , PYX Resources Limited NPV (DI), Rentokil Initial, Restore, Savills, The Gym Group, The Gym Group, TI Fluid Systems, W.A.G Payment Solutions
ANNUAL REPORT
Hunting
SPECIAL EX-DIVIDEND DATE
Dunelm Group, Impellam Group, Nexus Infrastructure , Shoe Zone
EGMS
Glantus Holdings, Kibo Energy (CDI)
AGMS
Athelney Trust, Banco Bilbao Vizcaya Argentaria SA
TRADING ANNOUNCEMENTS
Halma, Investec
FINAL DIVIDEND PAYMENT DATE
Treatt
FINAL EX-DIVIDEND DATE
Anglo American, Bellevue Healthcare Trust (Red), Crest Nicholson Holdings, CRH (CDI), CRH 7% ‘A’ Cum Prf (CDI), DFI Retail Group Holdings Limited (Bermuda Regd), DFI Retail Group Holdings Limited (Jersey Reg), DFI Retail Group Holdings Limited (Sing.Reg), Haleon , Heavitree Brewery, Heavitree Brewery ‘A’ Shares, Hongkong Land Holding Ltd. (Bermuda), Hongkong Land Holding Ltd. (Jersey), Hongkong Land Holding Ltd. (Sing.Reg), Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Matheson Holdings Ltd. (Bermuda), Jardine Matheson Holdings Ltd. (Jersey), NATWEST GROUP, Oakley Capital Investments Ltd. (DI), RSA Insurance Group Limited 7 3/8% Cum Irrd Prf #1, SEGRO, Shoe Zone, Spirent Communications
Friday 17 March
INTERIM DIVIDEND PAYMENT DATE
Abrdn China Investment Company Limited, Harmony Energy Income Trust, Knights Group Holdings , NCC Group, Ruffer Investment Company Ltd Red PTG Pref Shares, Van Elle Holdings
QUARTERLY PAYMENT DATE
JPMorgan Claverhouse Inv Trust, Pershing Square Holdings Ltd NPV, Pershing Square Holdings Ltd NPV (USD)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Capacity Utilisation (US) (13:15)
Harmonised Index of Consumer Prices (EU) (10:00)
Industrial Production (US) (13:15)
U. of Michigan Confidence (Final) (US) (14:00)
AGMS
Banco Bilbao Vizcaya Argentaria SA, Chrysalis Investments Limited NPV
FINAL DIVIDEND PAYMENT DATE
Gulf Investment Fund
