Week ahead: US CPI, Ukraine in focus

The market spotlight over the coming week will be on readings for consumer prices in August due out in the US, UK and euro area.
In the former, consensus is for the annual rate of increase in consumer prices to have drifted lower from 8.5% for July to 8.1% in August.

A raft of economic reports, including for retail sales, the Philly Fed manufacturing index and weekly jobless claims are all due out on Thursday.

They will be followed by a preliminary reading on the University of Michigan’s consumer confidence survey for September, on Friday.

Across the Channel, in the euro area, investors will be keeping a close eye on the newsflow out of and around Ukraine, including the ongoing offensive by Kyiv and Brussel’s plans to mitigate higher energy costs and to cap the price of oil.

As regards economic data, the ZEW Institute will release its economic confidence survey for September, on Tuesday, and a final reading for euro area consumer prices, on Friday.

A raft of economic indicators are also due out in the UK, including readings for monthly gross domestic product in July on Monday (consensus: 0.3% month-on-month), for the monthly rate of unemployment on Tuesday (consensus: 3.8%), consumer prices on Wednesday (consensus: 10.2% year-on-year) and for retail sales on Friday (consensus: -3.9% year-on-year).

Further afield, in the People’s Republic of China, a barrage of key activity data covering the month of August is due out on Friday.

Monday 12 September

INTERIMS

Abcam, Adriatic Metals , Greencoat Renewables (CDI), Kape Technologies, Kape Technologies, M. P. Evans Group, Sigmaroc

INTERIM DIVIDEND PAYMENT DATE

Lloyds Banking Group, LMS Capital, Phoenix Group Holdings , Rentokil Initial

QUARTERLY PAYMENT DATE

NB Global Monthly Income Fund Limited Red Ord Shs NPV ยฃ

FINALS

Arcontech Group, Made Tech Group , Tirupati Graphite

SPECIAL EX-DIVIDEND DATE

Fair Oaks Income Limited 2021 Shs NPV, Fair Oaks Income Limited Realisation Shs NPV

AGMS

SDCL Energy Efficiency Income Trust

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)

FINAL DIVIDEND PAYMENT DATE

BT Group

Tuesday 13 September

INTERIMS

Churchill China, Corero Network Security, Elecosoft Public Limited Company, Engage XR Holdings (CDI), Fevertree Drinks, Futura Medical, Harworth Group, IQGEO Group, JTC, Oxford Nanopore Technologies , Property Franchise Group, Smart Metering Systems, Team17 Group, Trustpilot Group , VH Global Sustainable Energy Opportunities

INTERIM DIVIDEND PAYMENT DATE

Ibstock , Lindsell Train Inv Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (GER) (07:00)

Consumer Price Index (US) (13:30)

Current Account (GER) (10:30)

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

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

FINALS

Gateley (Holdings) , Mattioli Woods

SPECIAL DIVIDEND PAYMENT DATE

Lindsell Train Inv Trust

AGMS

Alpha Financial Markets Consulting, Industrials Reit Limited, Mercia Asset Management, Rockwood Strategic, Wizz Air Holdings

UK ECONOMIC ANNOUNCEMENTS

Claimant Count Rate (07:00)

Unemployment Rate (07:00)

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

Wednesday 14 September

INTERIMS

Advanced Medical Solutions Group, BlackBird, Central Asia Metals, Epwin Group, Glenveagh Properties (CDI), Itaconix , The Artisanal Spirits Company, Tullow Oil

INTERIM DIVIDEND PAYMENT DATE

Fresnillo, Reckitt Benckiser Group

INTERIM EX-DIVIDEND DATE

Melrose Industries

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Industrial Production (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Producer Price Index (US) (13:30)

FINALS

Diurnal Group, Dunelm Group, ITM Power, Redrow

AGMS

Augmentum Fintech, B90 Holdings NPV, Best of the Best, Dev Clever Holdings, Fulcrum Utility Services Ltd. (DI), Grafenia , Hornby, Lansdowne Oil & Gas, Marlowe, Purplebricks Group, Sutton Harbour Group

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Producer Price Index (07:00)

Retail Price Index (07:00)

Thursday 15 September

INTERIMS

Checkit, Foresight Solar Fund Limited, Gresham House, Gresham House, Gresham House, IGas Energy, Oxford Biomedica, Portmeirion Group, Regional REIT Limited, RTW Venture Fund Limited NPV

INTERIM DIVIDEND PAYMENT DATE

LLoyds Banking Group 6.475% Non-Cum Pref Shares, Newcastle 12 5/8% Perm Int Bearing Shs #1000

INTERIM EX-DIVIDEND DATE

Bakkavor Group , Belvoir Group, Cairn Homes (CDI), Capital & Regional, DSW Capital, Eurocell , Genel Energy, Highcroft Investment, International Public Partnerships Ltd., Intertek Group, Irish Continental Group Units (Comp) (CDI), Lords Group Trading, Luceco , Macfarlane Group, Midwich Group, PPHE Hotel Group Ltd, Restore, RPS Group, Secured Income Fund , Tate & Lyle 6.5% Cum. Prf. ร‚ยฃ1, TBC Bank Group, Unite Group

QUARTERLY PAYMENT DATE

Brunner Inv Trust, Canadian General Investments Ltd.

QUARTERLY EX-DIVIDEND DATE

Energean , Honeycomb Investment Trust, I3 Energy , Thomaslloyd Energy Impact Trust , Thomaslloyd Energy Impact Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Business Inventories (US) (15:00)

Capacity Utilisation (US) (14:15)

Continuing Claims (US) (13:30)

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

Industrial Production (US) (14:15)

Initial Jobless Claims (US) (13:30)

Philadelphia Fed Index (US) (13:30)

Retail Sales (US) (13:30)

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

Wholesale Price Index (GER) (07:00)

FINALS

MJ Gleeson

SPECIAL EX-DIVIDEND DATE

South32 Limited (DI)

AGMS

Altitude Group, Auto Trader Group , BHP Group Limited NPV (DI), BHP Group Limited NPV (DI), Blue Planet Investment Trust, Civitas Social Housing , Finncap Group , FRP Advisory Group , Kinovo , Predator Oil & Gas Holdings NPV, Real Estate Credit Investments Ltd, Softline Holding GDR (REG S) , Sosandar, Supreme

UK ECONOMIC ANNOUNCEMENTS

BoE Interest Rate Decision (12:00)

BoE Interest Rate Minutes (12:00)

FINAL EX-DIVIDEND DATE

Adept Technology Group, Artemis Alpha Trust, Best of the Best, Colefax Group, DSW Capital, National Westminster 9%pf, South32 Limited (DI) , Trifast

Friday 16 September

INTERIM DIVIDEND PAYMENT DATE

4Imprint Group, Barclays, Clarkson, IMI, LSL Property Services, NATWEST GROUP, Sherborne Investors (Guernsey) C Limited NPV, Spirent Communications, TI Fluid Systems, Vesuvius

INTERIM EX-DIVIDEND DATE

Vector Capital

QUARTERLY PAYMENT DATE

Pershing Square Holdings Ltd NPV, Pershing Square Holdings Ltd NPV (USD), Round Hill Music Royalty Fund Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

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

SPECIAL DIVIDEND PAYMENT DATE

NATWEST GROUP

AGMS

Baillie Gifford US Growth Trust, Kibo Energy (CDI)

UK ECONOMIC ANNOUNCEMENTS

Retail Sales (07:00)

FINAL DIVIDEND PAYMENT DATE

Baillie Gifford UK Growth Trust, Currys , Eneraqua Technologies, Halfords Group, LendInvest , Montanaro European Smaller Companies Trust, Redcentric

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