Week ahead: EU leaders' summit, Covid-19 Vaccine updates in focus
Financial markets' focus over the coming week will be on the results of the European Union leaders' summit at the weekend and the news-flow around global efforts to develop a Covid-19 vaccine.
Analysts appear to be sanguine that the EU will reach a deal on the proposed €750bn Reconstruction Fund and the next long-term budget for the bloc, if not at the present meeting then over coming weeks - but warn that their failure to do could severely hit sentiment.
Meanwhile, Monday is expected to see the release of data for Oxford University's preliminary clinical trials for its Covid vaccine candidate, with the debate now shifting from whether a vaccine will be available to when and for which countries.
Against that backdrop, the economic data calendar will be very much backend-loaded, with the the spotlight to be on euro area Purchasing Managers' Index for July due out on Thursday.
Analysts will be keen to assess to what extent the pick-up in economic activity is retaining its momentum.
Similar gauges are due out in the UK on Friday.
Multiple central bank policy announcements are also schedued for throughout the week, including in China, Kazhakstan and Nigeria, on Monday, Hungary on Tuesday, Turkey and South Africa on Thursday, and Russia together with Angola on Friday.
Monday 20 July
INTERIMS
Equiniti Group , Ultra Electronics Holdings
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Current Account (EU) (09:00)
Producer Price Index (GER) (07:00)
GMS
Redx Pharma
AGMS
B.P. Marsh & Partners, JPMorgan Euro Small Co. Trust, Providence Resources
TRADING ANNOUNCEMENTS
Surface Transforms, Tungsten Corporation
Tuesday 21 July
INTERIMS
Audioboom Group, Gresham Technologies, Tclarke
GMS
Reach4Entertainment Enterprises
FINALS
Begbies Traynor Group, Redcentric, SDI Group
AGMS
Audioboom Group, Aveva Group, Bloomsbury Publishing, Intermediate Capital Group, Perpetual Income & Growth Inv Trust, Seneca Global Income & Growth Trust, TalkTalk Telecom Group , Ted Baker
TRADING ANNOUNCEMENTS
DP Eurasia N.V. (DI) , Euromoney Institutional Investor, Intermediate Capital Group, RPS Group
UK ECONOMIC ANNOUNCEMENTS
Public Sector Net Borrowing (09:30)
Wednesday 22 July
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
Existing Home Sales (US) (15:00)
House Price Index (US) (14:00)
MBA Mortgage Applications (US) (12:00)
FINALS
GYG, Knights Group Holdings , Stagecoach Group
AGMS
Aberdeen Asian Income Fund Ltd., Anexo Group , Experian, HarbourVest Global Private Equity Limited A Shs, Lenta GDR (Each 5 Repr 1 Ord EUR0.001) (Reg S), LondonMetric Property, Maven Income & Growth VCT, Mediclinic International , President Energy, Wincanton
TRADING ANNOUNCEMENTS
Close Brothers Group, Eve Sleep PLC, Tristel
Thursday 23 July
INTERIMS
Croda International, Getbusy, Howden Joinery Group, Mail.ru Group Ltd GDR (Reg S), Relx plc, Unilever
INTERIM EX-DIVIDEND DATE
Blackrock Income And Growth Investment Trust, Porvair
QUARTERLY PAYMENT DATE
Brunner Inv Trust
QUARTERLY EX-DIVIDEND DATE
JpMorgan China Growth & Income , M Winkworth
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
GFK Consumer Confidence (GER) (07:00)
Initial Jobless Claims (US) (13:30)
Q2
Mail.ru Group Ltd GDR (Reg S), Novolipetsk Steel GDS (Reg S), Unilever
FINALS
Cohort
AGMS
C&C Group, Circassia Group , Clontarf Energy , Edinburgh Inv Trust, Fidelity China Special Situations , GETECH Group, Gusbourne, Helical, Immunodiagnostic Systems Holdings, Johnson Matthey, Live Company Group, Martin Currie Global Portfolio Trust, Mckay Securities, Mincon Group , Petards Group, Tate & Lyle, Telecom Plus, Triple Point Income VCT E, Valirx, VP, Weiss Korea Opportunity Fund Ltd
TRADING ANNOUNCEMENTS
Petra Diamonds Ltd.(DI), Sage Group
UK ECONOMIC ANNOUNCEMENTS
CBI Industrial Trends Surveys (11:00)
FINAL DIVIDEND PAYMENT DATE
DCC
FINAL EX-DIVIDEND DATE
CML Microsystems, Cranswick, D4T4 Solutions, Palace Capital , Pennon Group, SSE, Stenprop Limited
Friday 24 July
INTERIMS
Centrica
INTERIM DIVIDEND PAYMENT DATE
CC Japan Income & Growth Trust, Hargreave Hale AIM VCT
QUARTERLY PAYMENT DATE
Real Estate Investors
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
New Homes Sales (US) (15:00)
AGMS
Aberdeen Japan Investment Trust , Arkle Resources , Ascent Resources, Bahamas Petroleum Co, Great Portland Estates, Kingfisher, Nostra Terra Oil & Gas Co, PayPoint, Petrel Resources, Remote Monitored Systems , Renold, Surface Transforms, TR Property Inv Trust, United Utilities Group
UK ECONOMIC ANNOUNCEMENTS
Retail Sales (07:00)
FINAL DIVIDEND PAYMENT DATE
Airtel Africa , ICG Enterprise Trust, Serica Energy
Q1
Airtel Africa