Week ahead: MPC in the spotlight

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Sharecast News | 04 May, 2018

Where to now Dr. Carney? Or perhaps that question should be put to the hawks on the Monetary Policy Committee.

In any case, following the rapid shift lower in rate hike expectations over the past few weeks, all eyes will be on the Old Lady of Threadneedle Street next Thursday.

Some analysts believe the MPC will opt for some variation of a 'hawkish hold' on rates, forecasting that rate-setters will guide towards a hike in Bank Rate for next August.

However, at least one top-rated research team in the City has been telling clients to expect none over the next two years.

That, against a backdrop of global trade tensions and calls from some quarters for higher government spending - not to mention the question marks around any Brexit transition period.

Ahead of the MPC meeting and the next quaterly Inflation Report, Monday will bring with it a spate of US central bank speakers with it.

Otherwise, the main release due out on the other side of the Pond next week will be the preliminary reading on the University of Michigan's consumer confidence index for May.

To take note of, and acting as a backdrop over the next few days, will be the 12 May deadline set by the White House to agree on a renegotiation of the multilateral nuclear deal with Iran.

Also due out on Monday, but in China, are data on the country's foreign exchange reserves for the month of April, followed by data on its foreign trade balance the next day and on consumer prices and money supply on Wednesday.

Over in the euro area meanwhile, the most interesting bit of information will be the European Central Bank's monthly bulletin, on Thursday.

ECB chief Mario Draghi is also set to deliver a speech on Friday, in Florence.

Monday May 07

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Credit (US) (20:00)

Factory Orders (GER) (07:00)

Q1

Kosmos Energy (DI)

Tuesday May 08

INTERIMS

Cambria Automobiles, Treatt

INTERIM DIVIDEND PAYMENT DATE

Manchester & London Investment Trust

QUARTERLY PAYMENT DATE

Blue Capital Alternative Income Fund Ltd (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Current Account (GER) (07:00)

Industrial Production (GER) (07:00)

FINALS

Faron Pharmaceuticals Oy (DI), Horizon Discovery Group, IDE Group Holdings, Vertu Motors

AGMS

4Imprint Group, Abaco Capital, Anglo American, Blue Capital Alternative Income Fund Ltd (DI), Commerzbank AG, Costain Group, CPP Group, EKF Diagnostics Holdings , Global Ports Holding, Maintel Holdings, Miton Group, Randgold Resources Ltd., React Group , Savills, Valirx, William Hill

TRADING ANNOUNCEMENTS

Hiscox Limited (DI), William Hill

FINAL DIVIDEND PAYMENT DATE

CareTech Holding, Jardine Lloyd Thompson Group, Lighthouse Group

Wednesday May 09

INTERIMS

Compass Group, Imperial Brands , TUI AG Reg Shs (DI)

QUARTERLY PAYMENT DATE

British American Tobacco, JPMorgan Asian Investment Trust, Mercantile Investment Trust (The)

QUARTERLY EX-DIVIDEND DATE

IBM Corp.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

Producer Price Index (US) (13:30)

Wholesales Inventories (US) (15:00)

FINALS

Aberdeen New Thai Inv Trust, Deltex Medical Group, Mirriad Advertising

AGMS

Ascential, British Smaller Companies VCT 2, Capital & Regional, Cello Health, Dairy Farm International Holdings Ltd. (Singapore), Ebiquity, Grafton Group Units, Greggs, Henderson High Income Trust, Hongkong Land Holding Ltd. (Sing.Reg), IFG Group, IGas Energy, Mandarin Oriental International (Singapore), Marshalls, Mobeus Income & Growth Vct, Patagonia Gold, Provident Financial, Rentokil Initial, Schroder Asian Total Return Investment Company , Standard Chartered, Ten Entertainment Group , Tomco Energy, Virgin Money Holdings (UK)

TRADING ANNOUNCEMENTS

Barratt Developments, G4S, Greggs, IFG Group, Marshalls, OneSavings Bank, Provident Financial, Renishaw, Vertu Motors, Wetherspoon (J.D.)

FINAL DIVIDEND PAYMENT DATE

JPMorgan US Smaller Co. Inv Tst, Smith & Nephew

Q1

Coca-Cola HBC AG (CDI), EVS Broadcast Equipment SA, Hellenic Telecom Industries SA ADS

Thursday May 10

INTERIMS

On The Beach Group

INTERIM DIVIDEND PAYMENT DATE

Begbies Traynor Group, SCS Group

INTERIM EX-DIVIDEND DATE

Fidelity Special Values, PRS Reit (The) , Sage Group, Smart (J) & Co., Symphony International Holdings Ltd.

QUARTERLY PAYMENT DATE

BlackRock World Mining Trust

QUARTERLY EX-DIVIDEND DATE

BP, Ediston Property Investment Company, GlaxoSmithKline, Picton Property Income Ltd, Royal Dutch Shell 'A', Royal Dutch Shell 'B'

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (13:30)

Q4

BT Group

FINALS

BT Group, Stobart Group Ltd.

SPECIAL EX-DIVIDEND DATE

Dragon-Ukrainian Properties & Development, Fidessa Group, Symphony International Holdings Ltd., U And I Group

EGMS

Trading Emissions, Unite Group

AGMS

AIREA, Arbuthnot Banking Group, Aviva, BAE Systems, Clarkson, Communisis, Condor Gold, Convatec Group , Direct Line Insurance Group, Gresham Technologies, Irish Continental Group Units, ITV, Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Strategic Holdings Ltd. (Singapore), John Laing Group , Melrose Industries, Michelmersh Brick Holdings, OneSavings Bank, Rathbone Brothers, Robinson, Savannah Resources, Serco Group, SIG, The Renewables Infrastructure Group Limited, TP ICAP, Triple Point Social Housing Reit, TT Electronics, Tyman, Unite Group, Vesuvius

TRADING ANNOUNCEMENTS

Arrow Global Group, Beazley, Coca-Cola HBC AG (CDI), Derwent London, Hansard Global, ITV, Morrison (Wm) Supermarkets, Next, Rathbone Brothers, RSA Insurance Group, Sabre Insurance Group, SIG, Superdry, Titon Holdings, TP ICAP

UK ECONOMIC ANNOUNCEMENTS

Industrial Production (08:30)

Manufacturing Production (09:30)

RICS Housing Market Survey (00:01)

FINAL EX-DIVIDEND DATE

Admiral Group, Barr (A.G.), Centaur Media, Centrica, Diversified Gas & Oil, Downing Three VCT H Shs, Downing Two VCT G Shs, Eddie Stobart Logistics , Epwin Group, Fidessa Group, Hiscox Limited (DI), Hochschild Mining, Hostelworld Group , Ibstock , Moss Bros Group, North Midland Construction, Ocean Wilsons Holdings Ltd., Polymetal International, Quixant, Robert Walters, SDL, Share plc, Trinity Mirror

Q1

Arrow Global Group, Telecom Egypt SAE GDS (Regs)

Friday May 11

INTERIM DIVIDEND PAYMENT DATE

Northamber, Photo-Me International, Softcat

QUARTERLY PAYMENT DATE

Scottish Inv Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

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

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

FINALS

TalkTalk Telecom Group

SPECIAL DIVIDEND PAYMENT DATE

4Imprint Group, 888 Holdings, Artemis VCT

AGMS

Alpha Fx Group , BBA Aviation, GLI Finance Limited, Man Group, Mobeus Income & Growth 4 Vct, Morgan Advanced Materials , RSA Insurance Group, Wood Group (John)

FINAL DIVIDEND PAYMENT DATE

4Imprint Group, 888 Holdings, Amiad Water Systems Ltd, Anglo American, British Smaller Companies VCT 2, Devro, Drax Group, FBD Holdings, Fisher (James) & Sons, Global Ports Holding, Harwood Wealth Management Group, InterContinental Hotels Group, International Personal Finance, Johnson Service Group, Maintel Holdings, Millennium & Copthorne Hotels, Miton Group, Pearson, Science Group , Smurfit Kappa Group, Travis Perkins

Q1

Afarak Group (DI)

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