Tuesday preview: Fed's Powell, Chinese foreign trade data in focus

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Sharecast News | 07 Mar, 2023

Updated : 14:24

All eyes on Tuesday will be on US central bank chairman Jerome Powell's testimony before Congress and to what extent - or not - he leaves the door open to a reacceleration in the pace of interest rate hikes from 25 basis points to 50bp.

The Federal Reserve's policymakers were next due to meet on 21-22 March.

But first, overnight, China's customs administration was to publish foreign trade data for the month of February.

As well, rate-setters in Sydney were expected to announce a 25bp hike in the central bank's cash rate to 3.60%.

In the euro area meanwhile, financial markets' focus was likely to be on factory orders figures out of Germany for the month of January.

No major economic releases were scheduled in the UK.

Tuesday 7 March

FINALS

Foxtons Group, IWG, Just Group, Keller Group, Greggs, Fresnillo, Johnson Service Group, H&T Group, STV Group, Elementis, Reach

INTERIMS

Revolution Bars Group, DotDigital Group

Q3

Ashtead Group

EGMs

MHP SA GDR (Reg S)

INTERIM DIVIDEND PAYMENT DATE

Schroder Real Estate Investment Trust Ltd

QUARTERLY EX-DIVIDEND DATE

Tetragon Financial Group Limited

UK ECONOMIC ANNOUNCEMENTS

BRC Sales Monitor (00:01)

Halifax House Price Index (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

Wholesales Inventories (US) (15:00)

Consumer Credit (US) (20:00

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