Sharecast News
09 Aug, 2020 19:54

Week ahead: US-China trade, UK Q2 GDP in focus

chine-progression-de-7-2-des-exportations-en-juillet

The focus over the coming week will shift back towards Asia as US and Chinese officials meet on 15 August to review progress on implementation of the phase-one trade deal between the two nations.

Financial markets will also be digesting the Trump administration's resort to executive orders from the President to extend pandemic relief measures instead of reaching a deal with Democrats.

"Although reaccelerating COVID-19 cases are fuelling fears of ‘second waves’, their economic consequences would likely be more muted than in Q2, in our view. However, the inability of the US Congress to agree on a Phase 4 fiscal stimulus deal and further intensification in US-China tensions have recently grown as threats to the outlook," said analysts at Barclays Research.

Important economic indicators are also due out in China, including for consumer and producer prices on Monday and a barrage of activity indicators covering the month of July on Friday.

Included among the latter are readings for monthly fixed asset investment, industrial production and retail sales in July.

Against that backdrop, on Tuesday the Office for National Statistics will publish its June labour market report, followed by data covering second quarter gross domestic product (consensus: -21.0%), foreign trade and industrial production the next day.

However, more timely figures for June are expected to show an 8% month-on-month rise in UK GDP.

Stateside meanwhile, the key day for economic reports will again be Friday, with the Department of Commerce set to release figures for industrial production and retail sales in July.

On the same day, the University of Michigan will publish the preliminary results of its consumer confidence survey for August.

Monday 10 August

INTERIMS

Contour Global , Diversified Gas & Oil

AGMS

Bezant Resources, GB Group, iEnergizer Ltd., Mining, Minerals & Metals

FINAL DIVIDEND PAYMENT DATE

Big Yellow Group

Tuesday 11 August

INTERIMS

Amino Technologies, Domino's Pizza Group, JKX Oil & Gas, Plus500 Ltd (DI), Prudential, SDL, Zotefoams

QUARTERLY PAYMENT DATE

BlackRock Latin American Inv Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Producer Price Index (US) (13:30)

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

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

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

FINALS

Versarien

SPECIAL DIVIDEND PAYMENT DATE

Record

AGMS

Acorn Income Fund Ld, B.S.D Crown Ltd (DI), RUA Life Sciences

TRADING ANNOUNCEMENTS

Cairn Homes , S&U

UK ECONOMIC ANNOUNCEMENTS

Claimant Count Rate (09:30)

Retail Sales (00:01)

Unemployment Rate (09:30)

FINAL DIVIDEND PAYMENT DATE

Aveva Group, Record

Wednesday 12 August

INTERIMS

Admiral Group, Capital & Counties Properties , CLS Holdings, Empresaria Group, Hostelworld Group , Impact Healthcare Reit , Ocean Wilsons Holdings Ltd., Spirax-Sarco Engineering

INTERIM DIVIDEND PAYMENT DATE

Unicorn AIM VCT

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (13:30)

Crude Oil Inventories (US) (15:30)

Industrial Production (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

EGMS

JZ Capital Partners Ltd

AGMS

Entertainment AI, JZ Capital Partners Ltd, Mountview Estates, Premier Foods, SSE, Staffline Group, Valeura Energy Inc NPV (DI)

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (07:00)

GDP (Preliminary) (07:00)

Gross Domestic Product (07:00)

Index of Services (07:00)

Industrial Production (07:00)

Manufacturing Production (07:00)

FINAL DIVIDEND PAYMENT DATE

Baillie Gifford UK Growth Fund

Thursday 13 August

INTERIMS

Anexo Group , Empiric Student Property , GVC Holdings, Helios Towers , National Express Group, Tribal Group

INTERIM DIVIDEND PAYMENT DATE

Treatt

INTERIM EX-DIVIDEND DATE

Argentex Group , Aviva, Baronsmead Second Venture Trust, Baronsmead Venture Trust, Direct Line Insurance Group, Focusrite, Foresight 4 VCT, Lancashire Holdings Limited, Legal & General Group, LMS Capital, NMCN, Octopus Renewables Infrastructure Trust , Pearson, Phoenix Group Holdings , Quartix Holdings , RSA Ins 7 3/8%pf, SEGRO, Seneca Growth Capital Vct, Smurfit Kappa Group, Spirent Communications

QUARTERLY EX-DIVIDEND DATE

BP, GlaxoSmithKline, Honeywell International Inc., ICG Enterprise Trust, Raven Property Group Limited Cum Red Pref, Royal Dutch Shell 'A', Royal Dutch Shell 'B', The Renewables Infrastructure Group Limited, Tritax Eurobox (EUR), Tritax Eurobox (GBP)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (GER) (07:00)

Continuing Claims (US) (13:30)

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

Initial Jobless Claims (US) (13:30)

Q2

Telecom Egypt SAE GDS (Regs)

FINALS

Frasers Group , Renishaw, Watches of Switzerland Group

SPECIAL EX-DIVIDEND DATE

Direct Line Insurance Group, Lindsell Train Inv Trust, Quartix Holdings

TRADING ANNOUNCEMENTS

Pennant International Group, Watches of Switzerland Group

UK ECONOMIC ANNOUNCEMENTS

RICS Housing Market Survey (00:01)

FINAL DIVIDEND PAYMENT DATE

Mckay Securities

FINAL EX-DIVIDEND DATE

Ashtead Group, Cohort, Diageo, Iomart Group, Lindsell Train Inv Trust, Montanaro European Smaller Companies Trust, Northern 2 VCT, Northern 3 VCT, Octopus Apollo VCT, Severfield

Friday 14 August 14

INTERIMS

Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S), Verona Pharma, Westminster Group, Yew Grove Reit

INTERIM DIVIDEND PAYMENT DATE

Safestore Holdings

QUARTERLY PAYMENT DATE

Anglo Pacific Group, JPMorgan Asia Growth & Income, JPMorgan Japan Smaller Companies Trust, Marsh & Mclennan Cos Inc., SME Credit Realisation Fund Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Business Inventories (US) (15:00)

Capacity Utilisation (US) (14:15)

GDP (Preliminary) (EU) (10:00)

Industrial Production (US) (14:15)

Retail Sales (US) (13:30)

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

GMS

Impax Environmental Markets

ANNUAL REPORT

Abbey, SIMEC Atlantis Energy Limited (DI)

AGMS

Adamas Finance Asia Limited (DI), Baker Steel Resources Trust Ltd., NewRiver REIT

FINAL DIVIDEND PAYMENT DATE

Gabelli Value Plus Trust , Immunodiagnostic Systems Holdings, MS International, Palace Capital , Stenprop Limited

News Source: © 2020 Web Financial Group (UK) Limited. All rights reserved. Terms of use and legal notice

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.

 

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.