Week ahead: Fedspeak, Chinese CPI, BoJ in the spotlight

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Sharecast News | 06 Feb, 2023

The US central bank was expected to remain in focus, even as investors digested an unexpected and far stronger than anticipated reading on the US jobs market at the end of the previous week.

At least six top Federal Reserve officials were scheduled to take to the podium over the coming week with Wednesday's calendar of Fed speakers expected to be the heaviest.

Of particular interest however be an interview of Fed chief, Jerome Powell, at the Economic Club of Washington, on Tuesday.

Also due out in the US was a preliminary reading for US consumer confidence in February come Friday.

Against that backdrop, investors would be waiting on Chinese consumer and producer price data, on Friday as well.

Investors would also be keeping a close eye on the nominations to head the Bank of Japan, which were also due at the end of the week.

Barclays Research's base case was that they would set the stage for a revision of the central bank's policy of Yield Curve Control on 9-10 March with full fledged changes expected on 27-28 April.

"We would fade any knee-jerk yen selling if current deputy Amamiya is nominated to succeed Kuroda, especially if he is coupled with a hawkish deputy, such as Okina," the investment bank's economists said.

Across the Channel meanwhile, readings were expected for German industrial production, on Tuesday, and consumer prices, on Thursday.

On home shores, Friday would bring with it gross domestic product figures for December (consensus: -0.3%) and for the fourth quarter as a whole (consensus: 0.0%).

Rate-setters in Australia and India would announce their latest interest rate decisions on Tuesday and Wednesday, respectively.

Monday 06 February

TRADING ANNOUNCEMENTS

Hyve Group, Plant Health Care, Seen, Bonhill Group, Darktrace, EKF Diagnostics Holdings, Eqtec (CDI), B90 Holdings NPV, Balanced Commercial Property Trust Limited, EPE Special Opportunities Limited (DI)

GMs

Smithson Investment Trust

DRILLING REPORT

Andrada Mining Limited NPV, Caledonia Mining Corporation (DI), Lexington Gold Ltd (DI), 88 Energy Limited (DI), Touchstone Exploration Inc NPV (DI), Empire Metals Limited NPV (DI), Hamak Gold Limited NPV (DI)

FINAL DIVIDEND PAYMENT DATE

Henderson European Focus Trust, Origin Enterprises (CDI)

FINAL DIVIDEND PAYMENT DATE

Henderson European Focus Trust, Origin Enterprises (CDI)

INTERIM DIVIDEND PAYMENT DATE

BT Group

SPECIAL DIVIDEND PAYMENT DATE

Henderson European Focus Trust

UK ECONOMIC ANNOUNCEMENTS

PMI Construction (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

Retail Sales (EU) (10:00)

Tuesday 07 February

FINALS

Kosmos Energy (DI), React Group, BP

INTERIMS

Genus, Mattioli Woods, Feedback, Alumasc Group

Q4

BP

TRADING ANNOUNCEMENTS

SSE, Syncona Limited NPV

AGMs

Ten Lifestyle Group, Blackrock Frontiers Investment Trust, Numis Corporation

UK ECONOMIC ANNOUNCEMENTS

Halifax House Price Index (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Industrial Production (GER) (07:00)

Balance of Trade (US) (13:30)

Consumer Credit (US) (20:00

Wednesday 08 February

FINALS

Hardide, Smurfit Kappa Group (CDI)

INTERIMS

Barratt Developments, CAP-XX Limited, Ashmore Group

TRADING ANNOUNCEMENTS

Severn Trent

AGMs

Keystone Positive Change Investment Trust, AJ Bell, Grainger

FINAL DIVIDEND PAYMENT DATE

Britvic

Cerillion

FINAL DIVIDEND PAYMENT DATE

Britvic, Cerillion

SPECIAL DIVIDEND PAYMENT DATE

BlackRock Latin American Inv Trust

QUARTERLY PAYMENT DATE

BlackRock Latin American Inv Trust

International Economic Announcements

MBA Mortgage Applications (US) (12:00)

Wholesales Inventories (US) (15:00)

Crude Oil Inventories (US) (15:30)

Thursday 09 February

FINALS

Unilever, AstraZeneca

INTERIMS

Redrow

Q4

AstraZeneca, Unilever

TRADING ANNOUNCEMENTS

Bellway, Compass Group, Watches of Switzerland Group

AGMs

Polar Capital Global Healthcare Trust, easyJet, Tritax Eurobox (GBP), Compass Group, Zytronic, Oxford Metrics

EGMs

Ethernity Networks Ltd, Compass Group

FINAL EX-DIVIDEND PAYMENT DATE

Avon Protection, Impax Asset Management Group, Titon Holdings, Victorian Plumbing Group, Zytronic, Renew Holdings, Aberforth Smaller Companies Trust, Blackrock Income And Growth Investment Trust, Gulf Investment Fund

FINAL DIVIDEND PAYMENT DATE

Smiths News

INTERIM EX-DIVIDEND DATE

Impax Environmental Markets, Target Healthcare Reit Ltd, Ecofin U.S. Renewables Infrastructure Trust, Abrdn Property Income Trust Limited

Greencoat UK Wind, Impact Healthcare Reit, Taylor Maritime Investments Limited NPV, CVC Income & Growth Limited NPV GBP, Alternative Income Reit, Taylor Maritime Investments Limited NPV, Balanced Commercial Property Trust Limited, CVC Income & Growth Limited NPV Euro, Aberforth Split Level Income Trust, Residential Secure Income, UK Commercial Property Reit Limited, Ediston Property Investment Company, Henderson Smaller Companies Inv Trust, GCP Infrastructure Investments Ltd, Ecofin U.S. Renewables Infrastructure Trust

INTERIM DIVIDEND PAYMENT DATE

Ashtead Group

SPECIAL EX-DIVIDEND DATE

Victorian Plumbing Group, Life Settlement Assets, Aberforth Smaller Companies Trust

QUARTERLY EX-DIVIDEND DATE

Picton Property Income Ltd, The Renewables Infrastructure Group Limited, Custodian Property Income Reit, Octopus Renewables Infrastructure Trust, Chenavari Toro Income Fund Limited NPV, JPMorgan Claverhouse Inv Trust, INTERNATIONAL BUSINESS MACHINES CORPORATION COM STK USD0.20 (CDI)

UK ECONOMIC ANNOUNCEMENTS

RICS Housing Market Survey (00:01)

Friday 10 February

Q4

Lancashire Holdings Limited

AGMs

Red Rock Resources, Victrex plc

FINAL DIVIDEND PAYMENT DATE

Numis Corporation, Schroder Asia Pacific Fund, Baillie Gifford European Growth Trust, Hargreave Hale AIM VCT, Sage Group, Tracsis, Premier Miton Group

INTERIM DIVIDEND PAYMENT DATE

I3 Energy, Industrials Reit Limited, Abrdn New Dawn Investment Trust, Schroder Oriental Income Fund Ltd., Montanaro UK Smaller Companies Inv Trust

SPECIAL DIVIDEND PAYMENT DATE

Centaur Media, Hargreave Hale AIM VCT, Panther Securities

QUARTERLY PAYMENT DATE

Tufton Oceanic Assets Limited NPV

UK ECONOMIC ANNOUNCEMENTS

Index of Services (07:00)

Industrial Production (07:00)

Gross Domestic Product (07:00)

GDP (Preliminary) (07:00)

Manufacturing Production (07:00)

Balance of Trade (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

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

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