Week ahead: US and China CPI, Fed's Powell in the spotlight

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Sharecast News | 08 Jan, 2023

All eyes over the coming week were expected to be on US consumer price data for December, as investors tried to anticipate whether inflation was in fact headed "sustainably" - to use the Federal Reserve's own wording - down to the Fed's 2.0% target.

Ahead of that key report, on Tuesday Fed chief, Jerome Powell, would participate on two panels alongside his peers at the Riksbank.

A preliminary reading on the University of Michigan's consumer confidence index for January might be expected to closely watched.

The coming week would also see a barrage of first tier economic indicators published in the People's Republic of China.

They included readings for consumer and factory gate price data in December, on Thursday, and for Chinese foreign trade covering that same month on the following day.

Financial markets would likely also be keeping tabs on the news-flow regarding the opening of China's economy and the pandemic situation in the world's second-largest economy.

Also due out, by 15 January at the latest, were the latest monthly Chinese credit and money supply growth numbers.

Core CPI data for Tokyo in December might also move financial markets, specially in the foreign exchange space.

Those inflation numbers would be released overnight on Friday.

On home shores the only economic report of any import scheduled for release was that for November gross domestic product growth.

Across the Channel meanwhile, Tuesday would bring with it industrial production data for Germany in November.

Monday 09 January

INTERIM DIVIDEND PAYMENT DATE

Caffyns, Intermediate Capital Group, Investec

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Credit (US) (20:00)

Industrial Production (GER) (07:00)

Unemployment Rate (EU) (10:00)

GMS

Angus Energy , Yourgene Health

AGMS

Premier African Minerals Ltd

TRADING ANNOUNCEMENTS

Cairn Homes (CDI)

Tuesday 10 January

INTERIMS

Games Workshop Group

INTERIM DIVIDEND PAYMENT DATE

Norcros

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Wholesale Price Index (GER) (15:00)

AGMS

PJSC Tatneft ADS , PJSC Tatneft ADS , Wishbone Gold (DI)

TRADING ANNOUNCEMENTS

RS Group

UK ECONOMIC ANNOUNCEMENTS

Retail Sales (00:01)

Wednesday 11 January

INTERIM DIVIDEND PAYMENT DATE

3i Group, DSW Capital, National Grid, Severn Trent, VP, Worldwide Healthcare Trust

QUARTERLY PAYMENT DATE

Assura

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

GMS

MetalNRG

EGMS

Ming Yang Smart Energy Group Limited Gdr (Each Repr 5 A Shs Rmb1) (Reg S)

AGMS

AB Dynamics, ASOS, Induction Healthcare Group

TRADING ANNOUNCEMENTS

Barratt Developments, Grafton Group Ut (CDI), JD Sports Fashion, Pagegroup, Sainsbury (J), Ten Entertainment Group , Vistry Group

FINAL DIVIDEND PAYMENT DATE

Bellway, Fidelity Special Values

Thursday 12 January

INTERIM DIVIDEND PAYMENT DATE

3i Infrastructure, D4T4 Solutions, Michelmersh Brick Holdings, Octopus AIM VCT, Pittards, TR Property Inv Trust

INTERIM EX-DIVIDEND DATE

Amedeo Air Four Plus Limited Red Ord NPV, Ashtead Group, Foresight Group Holdings Limited NPV, SSE

QUARTERLY PAYMENT DATE

Duke Royalty Limited, GSK, Regional REIT Limited

QUARTERLY EX-DIVIDEND DATE

BlackRock Latin American Inv Trust, Ecora Resources, JPMorgan Asia Growth & Income, Middlefield Canadian Income PCC, Primary Health Properties

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (13:30)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

SPECIAL EX-DIVIDEND DATE

Alternative Liquidity Fund Limited, B&M European Value Retail S.A. (DI), BlackRock Latin American Inv Trust, Majedie Investments

AGMS

JPMorgan Japanese Inv Trust, Northern Venture Trust

TRADING ANNOUNCEMENTS

ASOS, Dechra Pharmaceuticals, Marks & Spencer Group, OMV Petrom S.A. GDR (REG S), Persimmon, Tesco, The Gym Group, Whitbread, Wood Group (John)

FINAL EX-DIVIDEND DATE

Character Group, DotDigital Group, Focusrite, Majedie Investments, Origin Enterprises (CDI), Premier Miton Group, Schroder UK Mid Cap Fund, Smiths News

Friday 13 January

INTERIM DIVIDEND PAYMENT DATE

Cropper (James), Devro, Discoverie Group, FIH Group , Helical, MS International, Northern 2 VCT, Northern 3 VCT, Oxford Instruments, PHSC, Redde Northgate, Scottish Oriental Smaller Companies Trust, Supreme , Triad Group

QUARTERLY PAYMENT DATE

Tritax Eurobox (EUR), Tritax Eurobox (GBP), Yamana Gold Inc. NPV (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

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

Industrial Production (EU) (10:00)

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

GMS

eEnergy Group

SPECIAL DIVIDEND PAYMENT DATE

New Century AIM VCT

TRADING ANNOUNCEMENTS

MJ Gleeson , Taylor Wimpey

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (07:00)

Gross Domestic Product (07:00)

Index of Services (07:00)

Industrial Production (07:00)

Manufacturing Production (07:00)

FINAL DIVIDEND PAYMENT DATE

Associated British Foods

FINAL EX-DIVIDEND DATE

Leeds Building Society 13 3/8% Bearing Shares

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