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CATEGORY: COMPANY NEWS PREVIEW

Friday preview: US GDP in focus ahead of elections

By Benjamin Chiou

Thu 25 Oct 2012

Friday preview: US GDP in focus ahead of elections LONDON (SHARECAST) - With UK corporate announcements thin on the ground on Friday, US data will be closely watched by the markets, as all eyes turn to how the economic recovery is doing in the lead up to the presidential elections next month.

The big one, the US gross domestic product report, will be released at 13:30 (London time) with the consensus of analysts expecting the economy to expand at an annualised rate of 1.9% in the third quarter, an acceleration from the 1.3% growth in the preceding three months.

Another key indicator for the US economy is the final reading of the University of Michigan consumer confidence index which is also due out tomorrow afternoon. The index is forecast to fall slightly from 83.1 to 83 in October.

Meanwhile, with US jobless claims coming in better than forecast on Thursday, markets will be hoping that the pivotal October jobs report follows the trend – this is due on November 2nd.

Analysts from Barclays Research have pencilled in a 125,000 rise in headline payrolls for October, a 130,000 increase in private payrolls and an unchanged unemployment rate of 7.8%.


INTERIMS
African Medical Investments, Gail (India) Ltd GDR (Reg S)

INTERIM DIVIDEND PAYMENT DATE
Amati Vct 2, Brightside Group, British Smaller Companies VCT 2, Costain Group, Dignity, EMIS Group, F&C Asset Management, Fairpoint Group, Filtrona PLC, Good Energy Group, H.R. Owen, Henry Boot, InterQuest Group, Kentz Corporation Ltd., Morgan Sindall Group, North American Income Trust (The), Primary Health Properties, Quarto Group Inc., Real Estate Investors, Rentokil Initial, Severfield-Rowen, Smurfit Kappa Group, Vitec Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
GDP (Advance) (US) (13:30)
U. of Michigan Confidence (Final) (US) (15:00)

Q2
Gail (India) Ltd GDR (Reg S)

Q3
Norwegian Property ASA, Polski Koncern Naftowy Orlen S.A. GDR(Reg S)

IMSS
CPP Group, Elementis

AGMS
Transense Technologies, URU Metals Ltd. (DI)

FINAL DIVIDEND PAYMENT DATE
Consort Medical, Development Securities

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