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18 Jul, 2020 20:43

Week ahead: EU leaders' summit, Covid-19 Vaccine updates in focus

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Oxford University

Financial markets' focus over the coming week will be on the results of the European Union leaders' summit at the weekend and the news-flow around global efforts to develop a Covid-19 vaccine.

Analysts appear to be sanguine that the EU will reach a deal on the proposed €750bn Reconstruction Fund and the next long-term budget for the bloc, if not at the present meeting then over coming weeks - but warn that their failure to do could severely hit sentiment.

Meanwhile, Monday is expected to see the release of data for Oxford University's preliminary clinical trials for its Covid vaccine candidate, with the debate now shifting from whether a vaccine will be available to when and for which countries.

Against that backdrop, the economic data calendar will be very much backend-loaded, with the the spotlight to be on euro area Purchasing Managers' Index for July due out on Thursday.

Analysts will be keen to assess to what extent the pick-up in economic activity is retaining its momentum.

Similar gauges are due out in the UK on Friday.

Multiple central bank policy announcements are also schedued for throughout the week, including in China, Kazhakstan and Nigeria, on Monday, Hungary on Tuesday, Turkey and South Africa on Thursday, and Russia together with Angola on Friday.

Monday 20 July

INTERIMS

Equiniti Group , Ultra Electronics Holdings

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Current Account (EU) (09:00)

Producer Price Index (GER) (07:00)

GMS

Redx Pharma

AGMS

B.P. Marsh & Partners, JPMorgan Euro Small Co. Trust, Providence Resources

TRADING ANNOUNCEMENTS

Surface Transforms, Tungsten Corporation

Tuesday 21 July

INTERIMS

Audioboom Group, Gresham Technologies, Tclarke

GMS

Reach4Entertainment Enterprises

FINALS

Begbies Traynor Group, Redcentric, SDI Group

AGMS

Audioboom Group, Aveva Group, Bloomsbury Publishing, Intermediate Capital Group, Perpetual Income & Growth Inv Trust, Seneca Global Income & Growth Trust, TalkTalk Telecom Group , Ted Baker

TRADING ANNOUNCEMENTS

DP Eurasia N.V. (DI) , Euromoney Institutional Investor, Intermediate Capital Group, RPS Group

UK ECONOMIC ANNOUNCEMENTS

Public Sector Net Borrowing (09:30)

Wednesday 22 July

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Existing Home Sales (US) (15:00)

House Price Index (US) (14:00)

MBA Mortgage Applications (US) (12:00)

FINALS

GYG, Knights Group Holdings , Stagecoach Group

AGMS

Aberdeen Asian Income Fund Ltd., Anexo Group , Experian, HarbourVest Global Private Equity Limited A Shs, Lenta GDR (Each 5 Repr 1 Ord EUR0.001) (Reg S), LondonMetric Property, Maven Income & Growth VCT, Mediclinic International , President Energy, Wincanton

TRADING ANNOUNCEMENTS

Close Brothers Group, Eve Sleep PLC, Tristel

Thursday 23 July

INTERIMS

Croda International, Getbusy, Howden Joinery Group, Mail.ru Group Ltd GDR (Reg S), Relx plc, Unilever

INTERIM EX-DIVIDEND DATE

Blackrock Income And Growth Investment Trust, Porvair

QUARTERLY PAYMENT DATE

Brunner Inv Trust

QUARTERLY EX-DIVIDEND DATE

JpMorgan China Growth & Income , M Winkworth

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

GFK Consumer Confidence (GER) (07:00)

Initial Jobless Claims (US) (13:30)

Q2

Mail.ru Group Ltd GDR (Reg S), Novolipetsk Steel GDS (Reg S), Unilever

FINALS

Cohort

AGMS

C&C Group, Circassia Group , Clontarf Energy , Edinburgh Inv Trust, Fidelity China Special Situations , GETECH Group, Gusbourne, Helical, Immunodiagnostic Systems Holdings, Johnson Matthey, Live Company Group, Martin Currie Global Portfolio Trust, Mckay Securities, Mincon Group , Petards Group, Tate & Lyle, Telecom Plus, Triple Point Income VCT E, Valirx, VP, Weiss Korea Opportunity Fund Ltd

TRADING ANNOUNCEMENTS

Petra Diamonds Ltd.(DI), Sage Group

UK ECONOMIC ANNOUNCEMENTS

CBI Industrial Trends Surveys (11:00)

FINAL DIVIDEND PAYMENT DATE

DCC

FINAL EX-DIVIDEND DATE

CML Microsystems, Cranswick, D4T4 Solutions, Palace Capital , Pennon Group, SSE, Stenprop Limited

Friday 24 July

INTERIMS

Centrica

INTERIM DIVIDEND PAYMENT DATE

CC Japan Income & Growth Trust, Hargreave Hale AIM VCT

QUARTERLY PAYMENT DATE

Real Estate Investors

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

New Homes Sales (US) (15:00)

AGMS

Aberdeen Japan Investment Trust , Arkle Resources , Ascent Resources, Bahamas Petroleum Co, Great Portland Estates, Kingfisher, Nostra Terra Oil & Gas Co, PayPoint, Petrel Resources, Remote Monitored Systems , Renold, Surface Transforms, TR Property Inv Trust, United Utilities Group

UK ECONOMIC ANNOUNCEMENTS

Retail Sales (07:00)

FINAL DIVIDEND PAYMENT DATE

Airtel Africa , ICG Enterprise Trust, Serica Energy

Q1

Airtel Africa

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Important Legal Notice about News Sources

 

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.

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.