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Week ahead: ECB rate meeting, Fed's Powell in focus

Sat, 03rd Sep 2022 16:06

(Sharecast News) - Financial markets' focus over the coming week will shift towards with the European Central Bank's policy meeting on Thursday front and centre on investors' minds.

In recent days, consensus has shifted towards expectations for a 75 basis point hike in its main refinancing rate to 1.25%.

For their part, economists at Barclays Research are also expecting the ECB to keep its tiered system of excess reserves remuneration.

Investors will also be analysing Russian state-owned natural gas giant Gazprom's apparent decision last Friday to suspend flows to Germany indefinitely and its impact on financial markets.

Against that backdrop, Monday will see the release of final readings for S&P Global's euro area and UK Purchasing Managers' Indices for services sector activity in the month of August.

The next day it will be the Institute for Supply Management's turn to release its own US services PMI.

Worth noting, several Federal ,Reserve officials will be taking to the podium over the course of the week.

Not least among them will Fed chairman Jerome Powell on Thursday.

In Asia, Wednesday will bring with it figures for Chinese foreign trade, also covering the month of August, followed by readings on consumer and producer prices in Asia´s largest economy, on Friday.

Rate-setters in Sydney will be meeting to decide on rates on Wednesday, followed by their peers in Malaysia on Thursday.

Monday 05 September

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

PMI Composite (EU) (09:00)

PMI Composite (GER) (08:55)

PMI Services (EU) (09:00)

PMI Services (GER) (08:55)

Retail Sales (EU) (10:00)

FINALS

Dechra Pharmaceuticals

AGMS

LXI Reit , Totally

UK ECONOMIC ANNOUNCEMENTS

PMI Composite (09:30)

PMI Services (09:30)

FINAL DIVIDEND PAYMENT DATE

Pennon Group, Triple Point VCT 2011 Venture

Tuesday 06 September

INTERIMS

Capricorn Energy, Gamma Communications, Headlam Group, Inspired, IQE, Lords Group Trading, Luceco , Michelmersh Brick Holdings, Quixant, Starwood European Real Estate Finance Ltd, The Pebble Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

ISM Prices Paid (US) (15:00)

ISM Services (US) (15:00)

PMI Composite (US) (14:45)

PMI Services (US) (14:45)

FINALS

Accrol Group Holdings, Alumasc Group, NCC Group, PCI-PAL

ANNUAL REPORT

Hargreaves Lansdown

IMSS

Luceco

EGMS

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

AGMS

Abrdn New Dawn Investment Trust, Ashtead Group, Berkeley Group Holdings (The), Brickability Group , Castelnau Group Limited, Monks Inv Trust, Renold, Smith (DS)

UK ECONOMIC ANNOUNCEMENTS

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Royal Mail

Wednesday 07 September

INTERIMS

Equals Group , M&C Saatchi, Petropavlovsk, Tissue Regenix Group

INTERIM DIVIDEND PAYMENT DATE

Scotgems

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (US) (13:30)

Crude Oil Inventories (US) (15:30)

Gross Domestic Product (EU) (10:00)

Industrial Production (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

EGMS

CVC Income & Growth Limited NPV Euro

AGMS

Bluerock Diamonds, Grand Vision Media Holdings , Halfords Group, Okyo Pharma Limited NPV, Redcentric, Redcentric, Seed Innovations Limited, Solid State, Taylor Maritime Investments Limited NPV, Trifast, Yellow Cake

UK ECONOMIC ANNOUNCEMENTS

Halifax House Price Index (07:00)

Thursday 08 September

INTERIMS

Arecor Therapeutics , Cairn Homes (CDI), Destiny Pharma , International Public Partnerships Ltd., M Winkworth, Melrose Industries, MPAC Group, Oakley Capital Investments Ltd. (DI), Shield Therapeutics, Sourcebio International, Spire Healthcare Group, Vistry Group

INTERIM DIVIDEND PAYMENT DATE

Relx plc

INTERIM EX-DIVIDEND DATE

Athelney Trust, BBGI Global Infrastructure S.A. NPV (DI), Bristol Water 'A' 8 3/4% Cum Irrd Prf, Camellia, Chesnara, CLS Holdings, CRH (CDI), Croda International, Derwent London, Franchise Brands, Globaldata, Globalworth Real Estate Investments Limited, Grafton Group Ut (CDI), Greggs, H&T Group, Harbour Energy , Holders Technology, Kingspan Group (CDI), Maven Income & Growth 4 VCT, RSA Insurance Group Limited 7 3/8% Cum Irrd Prf #1, Serco Group, Stand.Ch.7te%pr, Standard Chartered 8 1/4% Non-Cum Irrd Pref, Uniphar (CDI), Wentworth Resources NPV, Woodside Energy Group Ltd NPV (DI), Zotefoams

QUARTERLY PAYMENT DATE

Wheaton Precious Metals Corp.NPV (CDI)

QUARTERLY EX-DIVIDEND DATE

Assura , Round Hill Music Royalty Fund Limited NPV, XP Power Ltd. (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Credit (US) (20:00)

Continuing Claims (US) (13:30)

ECB Interest Rate (EU) (13:15)

Initial Jobless Claims (US) (13:30)

FINALS

Duke Royalty Limited, Genus, Sylvania Platinum Ltd (DI)

SPECIAL EX-DIVIDEND DATE

Alfa Financial Software Holdings , NB Distressed Debt Investment Fund Limited Ext Shs, NB Distressed Debt Investment Fund Limited Red Ord, Schroder European Real Estate Investment Trust

AGMS

Atlantis Japan Growth Fund Ltd., Chariot Limited, Currys , Invesco Asia Trust, LendInvest , Lindsell Train Inv Trust, Montanaro European Smaller Companies Trust, Mulberry Group, Polar Capital Technology Trust, SDV 2025 ZDP, Severfield, Severfield, Severfield, Sysgroup, W H Ireland Group, XPS Pensions Group

TRADING ANNOUNCEMENTS

Safestore Holdings

UK ECONOMIC ANNOUNCEMENTS

RICS Housing Market Survey (00:01)

FINAL EX-DIVIDEND DATE

Alpha Financial Markets Consulting, Baltic Classifieds Group, Braemar Shipping Services, DWF Group , Manolete Partners, MIGO Opportunities Trust, Severfield, Totally

Friday 09 September

INTERIM DIVIDEND PAYMENT DATE

Baronsmead Second Venture Trust, Baronsmead Venture Trust, Berkeley Group Holdings (The), Chemring Group, Conduit Holdings Limited Com Shs (DI), Direct Line Insurance Group, Informa, Keller Group, Man Group, Mincon Group (CDI), Nichols, Quartix Technologies, Rotala, Tyman

QUARTERLY PAYMENT DATE

ContourGlobal , Real Estate Credit Investments Ltd, Seplat Energy (DI), Tritax Eurobox (EUR), Tritax Eurobox (GBP)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Wholesales Inventories (US) (15:00)

AGMS

Baillie Gifford UK Growth Trust, BH Macro Ltd. GBP Shares, Gear4music (Holdings), ReNeuron Group, Victoria

FINAL DIVIDEND PAYMENT DATE

Abrdn New Dawn Investment Trust, Ashtead Group, Monks Inv Trust

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