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30 Apr, 2021 16:58

Week ahead: Bank of England, US non-farm payrolls in focus

bank of england 1 november
Bank of EnglandAlex Bueso

The Bank of England will be front and centre on investors' minds when they meet to decide on policy on Thursday.

As Michael Hewson, chief market analyst at CMC Markets UK, pointed out, the macroeconomic outlook could hardly be more different.

Instead of talk about the need for negative interest rates, there is now the "prospect of some early discussion about the prospect of the bank becoming less accommodative over concerns that current policy might be a little too easy."

"No changes to monetary policy are expected, but we could start to see some taper talk.

"The recent pause in 10 year gilt yields is likely to have prompted a sigh of relief, however given the improvements that might be seen in the data in the coming months we might see some early discussions about reining back on the bond buying program in the form of modest tapering."

Against that backdrop, the next day the US Department of Labor will publish its April non-farm payrolls report.

As an aside, there has been some market commentary of late to the effect that some Americans are opting to forego looking for work temporarily given the prospect of further government aid.

Across the Channel, retail sales and industrial production figures in Germany, on Monday and Friday, respectively, will give a better idea of how the euro area's biggest economy fared during the first quarter.

In China, a Purchasing Managers Index for the Asian giant's services sector is due for release on Thursday, followed by a reading on foreign trade come Friday.

Down Under, rate-setters in Sydney are due to meet to decide on policy on Tuesday.

Monday 03 May

QUARTERLY EX-DIVIDEND DATE

Tetragon Financial Group Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Auto Sales (US) (20:30)

Construction Spending (US) (15:00)

ISM Manufacturing (US) (15:00)

ISM Prices Paid (US) (15:00)

PMI Manufacturing (GER) (08:55)

PMI Manufacturing (EU) (09:00)

PMI Manufacturing (US) (14:45)

Retail Sales (GER) (07:00)

Tuesday 04 May

INTERIM DIVIDEND PAYMENT DATE

Manchester & London Investment Trust, Smith (DS), VinaCapital Vietnam Opportunity Fund Ltd., Volution Group

QUARTERLY PAYMENT DATE

Yew Grove Reit (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (US) (15:00)

GMS

Jarvis Securities

FINALS

Camellia, Camellia, Frenkel Topping Group, Microsaic Systems

ANNUAL REPORT

Tekcapital

AGMS

Apax Global Alpha Limited , Hammerson, Plus500 Ltd (DI)

UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

PMI Manufacturing (09:30)

FINAL DIVIDEND PAYMENT DATE

Banco Santander S.A., Capital Limited (DI), Domino's Pizza Group, NATWEST GROUP PLC ORD 100P, SEGRO

Wednesday 05 May

INTERIMS

Cambria Automobiles, Smiths News , Virgin Money UK

INTERIM DIVIDEND PAYMENT DATE

NWF Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

ISM Prices Paid (US) (15:00)

ISM Services (US) (15:00)

MBA Mortgage Applications (US) (12:00)

PMI Composite (EU) (09:00)

PMI Composite (GER) (08:55)

PMI Composite (US) (14:45)

PMI Services (EU) (09:00)

PMI Services (GER) (08:55)

PMI Services (US) (14:45)

Producer Price Index (EU) (10:00)

FINALS

WANdisco

EGMS

Phoenix Spree Deutschland Limited Shs NPV

AGMS

Alpha Fx Group , Anglo American, Barclays, Clarkson, GlaxoSmithKline, Gran Tierra Energy Inc. (CDI), Hongkong Land Holding Ltd. (Sing.Reg), Johnson Service Group, MPAC Group, Personal Group Holdings, Proteome Sciences, Tclarke , Ten Entertainment Group , The Renewables Infrastructure Group Limited, TOC Property Backed Lending Trust, Tritax Big Box Reit , Unilever

TRADING ANNOUNCEMENTS

Direct Line Insurance Group, Smith & Nephew

FINAL DIVIDEND PAYMENT DATE

CareTech Holding, CRH (CDI), Grafton Group Ut (CDI)

FINAL EX-DIVIDEND DATE

EP Global Opportunities Trust

Q1

Amryt Pharma

Thursday 06 May

INTERIM EX-DIVIDEND DATE

AB Dynamics, BlackRock Greater Europe Inv Trust, James Halstead, Lok'n Store Group, Smart (J) & Co.

QUARTERLY PAYMENT DATE

BlackRock World Mining Trust

QUARTERLY EX-DIVIDEND DATE

BP, Chenavari Toro Income Fund Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

Factory Orders (GER) (07:00)

Initial Jobless Claims (US) (13:30)

Retail Sales (EU) (10:00)

GMS

Clear Leisure

FINALS

Trainline

EGMS

Amiad Water Systems Ltd, SDIC Power Holdings Co.,Ltd GDR (Reg S)

AGMS

AIB Group (CDI), Avast, Aviva, BAE Systems, Costain Group, Elecosoft Public Limited Company, EMIS Group, Genel Energy, Getbusy, Glanbia (CDI), Howden Joinery Group, IMI, Indivior, Jardine Matheson Holdings Ltd (Singapore Reg), John Laing Group , Jupiter Fund Management , Jupiter Fund Management , Melrose Industries, Mincon Group (CDI), Mondi, Morgan Advanced Materials , Morgan Sindall Group, Quixant, Rathbone Brothers, Reach, Scotgems, Transgloble Energy Corporation NPV (DI), Vitec Group

TRADING ANNOUNCEMENTS

AIB Group (CDI), Barratt Developments, Derwent London, Equiniti Group , Hansard Global, Mondi

UK ECONOMIC ANNOUNCEMENTS

BoE Interest Rate Decision (12:00)

PMI Services (09:30)

RICS Housing Market Survey (00:01)

FINAL DIVIDEND PAYMENT DATE

Nichols, Schroders, Schroders (Non-Voting)

FINAL EX-DIVIDEND DATE

Admiral Group, Aptitude Software Group , Croda International, Curtis Banks Group, Gresham House, Harworth Group, Headlam Group, Hochschild Mining, Lancashire Holdings Limited, LLoyds Banking Group 9.25% Non-Cum Irredeemable Pref Shares, LLoyds Banking Group 9.75% Non-Cum Irredeemable Pref Shares, North American Income Trust (The), Ormonde Mining (CDI), Polymetal International, Reckitt Benckiser Group, Robert Walters, SThree, Strix Group , Zotefoams

Q1

Bank Pekao SA GDS (Reg S), Kosmos Energy (DI)

Friday 07 May

INTERIMS

Numis Corporation

INTERIM DIVIDEND PAYMENT DATE

Begbies Traynor Group

QUARTERLY PAYMENT DATE

BMO UK High Income Trust

QUARTERLY EX-DIVIDEND DATE

INTERNATIONAL BUSINESS MACHINES CORPORATION COM STK USD0.20 (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Consumer Credit (US) (20:00)

Current Account (GER) (07:00)

Industrial Production (GER) (07:00)

Unemployment Rate (US) (13:30)

Wholesales Inventories (US) (15:00)

GMS

Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S)

SPECIAL DIVIDEND PAYMENT DATE

BMO UK High Income Trust B Shares

EGMS

Ruffer Investment Company Ltd Red PTG Pref Shares, Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S)

AGMS

Convatec Group , Holders Technology, InterContinental Hotels Group, Man Group, Rightmove, Schroder Asian Total Return Investment Company , The Barkby Group

TRADING ANNOUNCEMENTS

InterContinental Hotels Group

UK ECONOMIC ANNOUNCEMENTS

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Anglo American, Fintel, Glanbia (CDI), Kingspan Group (CDI), Maven Income and Growth VCT 5, Pearson, Smurfit Kappa Group (CDI)


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.