Week ahead: UK wage data, US CPI in focus

by | Jul 10, 2023

(Sharecast News) – Investors’ focus over the coming week would be on wage data for the month of May in the UK.
According to Michael Hewson, chief market analyst at CMC Markets UK: “short term yields have continued to rise in anticipation of further rate rises in the coming months, and if this week’s wage numbers for May continue to look sticky, the central bank may find it has no good options when it comes to getting prices under control.”

Those figures would be published on Tuesday at 0700 BST.

They will be followed by a reading on US consumer prices the next day.

Consensus was that the Department of Labor would announce that the headline rate of CPI slowed from 4.0% in May to 3.1% in June.

Core CPI on the other hand was only seen ebbing from 5.3% to 5.0%.

Interest rate decisions were scheduled for Wednesday in Canada and New Zealand.

US producer price data were also scheduled for release, on Thursday, and the University of Michigan’s consumer confidence survey for July on Friday.

In Asia, the market spotlight would be on Chinese consumer and producer price data on Monday.

Chinese foreign trade statistics were scheduled for release on Friday.

Monday July 10

QUARTERLY EX-DIVIDEND DATE

General Electric Co (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Credit (US) (20:00)

Wholesales Inventories (US) (15:00)

GMS

Altona Rare Earths

FINALS

ECO Animal Health Group, OnTheMarket

ANNUAL REPORT

Zanaga Iron Ore Co. Ltd (DI), Zanaga Iron Ore Co. Ltd (DI)

AGMS

Brown (N.) Group, Financials Acquisition Corp Wts Npv (DI), More Acquisitions, National Grid, Sirius Real Estate Ltd., Steppe Cement Ltd, Trufin

TRADING ANNOUNCEMENTS

MJ Gleeson , OMV Petrom S.A. GDR (REG S)

FINAL DIVIDEND PAYMENT DATE

3i Infrastructure, Capital Gearing Trust, Great Portland Estates

Q1

Big Yellow Group

Tuesday July 11

INTERIMS

Synectics, Synectics, Synectics

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (GER) (07:00)

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

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

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

FINALS

Begbies Traynor Group, D4T4 Solutions, Kinovo , Sosandar, Trifast

ANNUAL REPORT

Monks Inv Trust

SPECIAL DIVIDEND PAYMENT DATE

Plus500 Ltd (DI)

AGMS

Active Energy Group, British Land Company, Octopus Apollo VCT, Windar Photonics

TRADING ANNOUNCEMENTS

Vistry Group

UK ECONOMIC ANNOUNCEMENTS

BRC Sales Monitor (00:01)

Claimant Count Rate (07:00)

Unemployment Rate (07:00)

FINAL DIVIDEND PAYMENT DATE

EMIS Group, Pets at Home Group , Plus500 Ltd (DI)

Wednesday July 12

INTERIM DIVIDEND PAYMENT DATE

Renew Holdings

QUARTERLY PAYMENT DATE

Assura , Duke Royalty Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (13:30)

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

GMS

Capital Metals, Safestore Holdings

FINALS

Ashmore Group, Carclo, Loungers , Renold

AGMS

Burberry Group, Bytes Technology Group , LondonMetric Property, ProVen Growth & Income VCT, ProVen VCT, Wincanton

TRADING ANNOUNCEMENTS

Ten Entertainment Group , Tullow Oil

FINAL DIVIDEND PAYMENT DATE

M&C Saatchi, Michelmersh Brick Holdings, Pharos Energy

Thursday July 13

INTERIMS

MusicMagpie

INTERIM EX-DIVIDEND DATE

Character Group, Heavitree Brewery, Heavitree Brewery ‘A’ Shares, Kitwave Group, Leeds Building Society 13 3/8% Bearing Shares, Schroder UK Mid Cap Fund, Shoe Zone, Unicorn AIM VCT , WH Smith

QUARTERLY PAYMENT DATE

GSK, XP Power Ltd. (DI)

QUARTERLY EX-DIVIDEND DATE

BlackRock Latin American Inv Trust, British American Tobacco, Ediston Property Investment Company, JPMorgan Asia Growth & Income, JPMorgan Japan Small Cap Growth & Income, Middlefield Canadian Income PCC, Supermarket Income Reit

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Budget Statement (US) (19:00)

Continuing Claims (US) (13:30)

Industrial Production (EU) (10:00)

Initial Jobless Claims (US) (13:30)

Producer Price Index (US) (13:30)

FINALS

DSW Capital, Ilika

SPECIAL EX-DIVIDEND DATE

Record

AGMS

Aminex (CDI), BATM Advanced Communications Ltd., BT Group, Clontarf Energy , CT Automotive Group, DCC (CDI), Dr. Martens , Helical, Renewi , RS Group

TRADING ANNOUNCEMENTS

Barratt Developments, Experian, Hays

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (07:00)

Gross Domestic Product (07:00)

Index of Services (07:00)

Industrial Production (07:00)

Manufacturing Production (07:00)

RICS Housing Market Survey (00:01)

FINAL DIVIDEND PAYMENT DATE

Good Energy Group, Young & Co’s Brewery ‘A’ Shares, Young & Co’s Brewery (Non-Voting)

FINAL EX-DIVIDEND DATE

Anpario, Aquila Services Group, Caffyns, CMC Markets, FirstGroup, Halma, Ingenta, Marks Electrical Group, Record, Sanderson Design Group, Sirius Real Estate Ltd., The Mission Group, Triad Group, Wincanton

Friday July 14

INTERIM DIVIDEND PAYMENT DATE

AVI Global Trust , Topps Tiles

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

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

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

Wholesale Price Index (GER) (07:00)

SPECIAL DIVIDEND PAYMENT DATE

Rurelec

AGMS

Templeton Emerging Markets Inv Trust

TRADING ANNOUNCEMENTS

Ashmore Group, Liontrust Asset Management, Mcbride

FINAL DIVIDEND PAYMENT DATE

Animalcare Group, Bank of Georgia Group, Computacenter, Helios Underwriting, HSS Hire Group , Informa, Learning Technologies Group , Maven Income & Growth VCT, Sainsbury (J), Severn Trent

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