Week ahead: UK CPI, China data in focus

by | Aug 12, 2023

(Sharecast News) – All eyes over the coming week will be on the latest UK consumer price data, which may hold the key as to how Bank will proceed when policymakers next meet in September.
Regardless of market swap pricing, recent remarks from several Monetary Policy Committee pointed to the possibility that rate hikes might now be in the rear view mirror, said Michael Hewson, chief market analyst at CMC Markets UK.

Indeed, headline CPI was seen falling from 7.9% for June to 6.7% in July, as the energy price cap reduction was reflected in headline inflation.

The CPI data would be published on Wednesday.

Wage data due out the day before on the other hand was expected to show that the year-on-year rate of increase in average weekly earnings ticked higher over the last three months from 7.3% to 7.4% – a fresh record.

Hewson nevertheless believed that wages were peaking.

In the background, July retail sales numbers in the States would give investors insights into the health of the American consumer.

Regional Fed survey results due out on Tuesday and Thursday would also be closely watched, as would the latest weekly jobless claims numbers.

So too the results of U.S. Treasury bill auctions scheduled for Monday and the minutes of the Federal Reserve’s last policy meeting on Wednesday.

In Asia, Tuesday would be the big day, with key activity indicators for the month of July due out in the People’s Republic of China.

They would be followed the next day by the latest policy decision from rate-setters in New Zealand.

At the end of the week, the Office for National Statistics would publish data for UK retail sales in July and Eurostat for euro area consumer prices in July.

Also worth keeping tabs on would the ZEW Institute’s economic confidence gauge for Germany covering the month of August, on Tuesday.

Monday 14 August

INTERIMS

Centralnic Group , Global Invacom Group Limited (DI), Telecom Egypt SAE GDS (Regs)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Wholesale Price Index (GER) (07:00)

Q2

Hon Hai Precision Industry Co. Ltd. GDR (Reg S), Telecom Egypt SAE GDS (Regs)

GMS

Nanoco Group

FINALS

Darktrace

AGMS

Ethernity Networks Ltd

FINAL DIVIDEND PAYMENT DATE

Ingenta, Mountview Estates

Tuesday 15 August

INTERIMS

Convatec Group , Georgia Capital , Just Group, Kenmare Resources (CDI), MTI Wireless Edge Ltd.

INTERIM DIVIDEND PAYMENT DATE

Dewhurst Group, Dewhurst Group ‘A’NON.VTG

QUARTERLY PAYMENT DATE

Marsh & Mclennan Cos Inc.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Inventories (US) (15:00)

Import and Export Price Indices (US) (13:30)

Retail Sales (US) (13:30)

Retail Sales Less Autos (US) (13:30)

ZEW Survey (EU) – Economic Sentiment (10:00)

ZEW Survey (GER) – Current Situation (10:00)

ZEW Survey (GER) – Economic Sentiment (10:00)

Q2

Georgia Capital

SPECIAL DIVIDEND PAYMENT DATE

Invesco Select Trust Balanced Risk Alloc Shs

AGMS

Challenger Energy Group, Primorus Investments

TRADING ANNOUNCEMENTS

Kenmare Resources (CDI)

UK ECONOMIC ANNOUNCEMENTS

Claimant Count Rate (07:00)

Unemployment Rate (07:00)

FINAL DIVIDEND PAYMENT DATE

Tatton Asset Management

Wednesday 16 August

INTERIMS

Admiral Group, Aviva, Balfour Beatty, Essentra, Marshalls

INTERIM DIVIDEND PAYMENT DATE

Shoe Zone

INTERIM EX-DIVIDEND DATE

Coventry 12 1/8% Perm Int Bearing Shs #1000

QUARTERLY PAYMENT DATE

M Winkworth

QUARTERLY EX-DIVIDEND DATE

Seplat Energy (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Building Permits (US) (13:30)

Capacity Utilisation (US) (14:15)

Crude Oil Inventories (US) (15:30)

Housing Starts (US) (13:30)

Industrial Production (EU) (10:00)

Industrial Production (US) (14:15)

MBA Mortgage Applications (US) (12:00)

EGMS

Globaltrans Investment GDR (Reg S)

AGMS

Cadence Minerals, Calnex Solutions , NextEnergy Solar Fund Limited Red, Streaksai

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Producer Price Index (07:00)

Retail Price Index (07:00)

Thursday 17 August

INTERIMS

Bank of Georgia Group, Empiric Student Property , Intelligent Ultrasound Group , Windward Ltd. NPV (DI)

INTERIM EX-DIVIDEND DATE

4Imprint Group, Abrdn , Anglo American, Bridgepoint Group (Reg S) , Chemring Group, Conduit Holdings Limited Com Shs (DI), Convatec Group , DFI Retail Group Holdings Limited (Bermuda Regd), DFI Retail Group Holdings Limited (Jersey Reg), DFI Retail Group Holdings Limited (Sing.Reg), Entain, Hiscox Limited (DI), 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), Keller Group, Lancashire Holdings Limited, LLoyds Banking Group 6.475% Non-Cum Pref Shares, London Stock Exchange Group, Mandarin Oriental International (Bermuda), Mandarin Oriental International (Jersey), Mandarin Oriental International (Singapore), Rotork, Sabre Insurance Group, Schroders, TI Fluid Systems

QUARTERLY EX-DIVIDEND DATE

BlackRock Sustainable American Income Trust, GSK, ICG Enterprise Trust, NextEnergy Solar Fund Limited Red, Octopus Renewables Infrastructure Trust , Pershing Square Holdings Ltd NPV, Pershing Square Holdings Ltd NPV (USD), Thomaslloyd Energy Impact Trust , Thomaslloyd Energy Impact Trust , Tritax Eurobox (EUR), Tritax Eurobox (GBP)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

Philadelphia Fed Index (US) (13:30)

FINALS

ITM Power, Rank Group

SPECIAL EX-DIVIDEND DATE

Baillie Gifford European Growth Trust , ICG-Longbow Senior Secured UK Property Debt Investments Ltd, Niox Group

AGMS

Harvest Minerals Limited (DI)

FINAL DIVIDEND PAYMENT DATE

Marks Electrical Group, Sirius Real Estate Ltd.

FINAL EX-DIVIDEND DATE

Baillie Gifford UK Growth Trust, Berkeley Group Holdings (The), Eneraqua Technologies, Investec, Iomart Group, Montanaro European Smaller Companies Trust

Friday 18 August

INTERIMS

Kingspan Group (CDI)

QUARTERLY PAYMENT DATE

British American Tobacco, JPMorgan Japan Small Cap Growth & Income, Primary Health Properties

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Harmonised Index of Consumer Prices (EU) (10:00)

GMS

Fondul Proprietatea S.A. GDR (Reg S), Me Group International, Pathfinder Minerals

SPECIAL DIVIDEND PAYMENT DATE

Foresight VCT

AGMS

Adams, UPL Limited GDR Reg S

UK ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (00:01)

Retail Sales (07:00)

FINAL DIVIDEND PAYMENT DATE

Castings, CML Microsystems, Elixirr International , FirstGroup, Halma, MS International, Northern 2 VCT, Northern 3 VCT, Northern Venture Trust

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