Alexander Bueso Sharecast News
29 Apr, 2024 14:54 29 Apr, 2024 14:54

Tuesday preview: Euro area CPI, HSBC in the spotlight

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HSBC HoldingsSharecast graphic / Josh White

Investors' focus on Tuesday will be on a preliminary reading on euro area consumer prices covering the month of April.

Consensus is for the year-on-year rate of increase in headline prices to remain at 2.4%.

Also due out are readings for gross domestic product growth in Germany and Spain in the first quarter.

On home shores, at 0830 BST the Office for National Statistics will publish consumer credit and lending data for March.

Stateside at 1230 BST the Department of Labor will release its Employment Cost Index for the first three months of the year.

The FHFA and S&P will publish their respective house price indices for February at 1300 BST.

On the corporate side of things, HSBC will release its first quarter results.

Net interest income was pegged by Jason Napier at UBS at flat year-on-year at around $7.19bn, while profit before tax was seen down by 15% to $8.0bn.

The dividend payout was seen at 31 cents per share and the common equity tier 1 ratio at 15.0%.

"For HSBC (and StanChart), we believe the real prize from a valuation standpoint is convincing the market there's premium structural growth ahead for these lenders, a required offset for the complexity which their operations necessarily involve," Napier said in a research note sent to clients.

"Better China and HK sentiment would be a powerful start, in our view."

Tuesday 30 April

INTERIMS

Essensys

INTERIM DIVIDEND PAYMENT DATE

Chemring 7% Cumulative Preference Shares 1, Heavitree Brewery 11 1/2% Cum Prf , Latham (James) 8% Cumulative Preference 1

QUARTERLY PAYMENT DATE

CT Private Equity Trust, Middlefield Canadian Income PCC

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Chicago PMI (US) (14:45)

Consumer Confidence (US) (15:00)

Employment Cost Index (US) (13:30)

GDP (Preliminary) (EU) (10:00)

GDP (Preliminary) (GER) (07:00)

GDP (Preliminary) (GER) (10:00)

House Price Index (US) (14:00)

Import Price Index (GER) (07:00)

Retail Sales (GER) (07:00)

Unemployment Rate (GER) (08:55)

GMS

Amigo Holdings, Fondul Proprietatea S.A. GDR (Reg S)

FINALS

Avacta Group, Capital & Regional, Card Factory, Fadel Partners, Inc Com Stk Usd0.001 (Di) Regs Cat 3/144A, Kelso Group Holdings, Northcoders Group , RBG Holdings, Roadside Real Estate , Shield Therapeutics, Strip Tinning Holdings

ANNUAL REPORT

Fondul Proprietatea S.A. GDR (Reg S)

EGMS

Fondul Proprietatea S.A. GDR (Reg S)

AGMS

Anglo American, BBGI Global Infrastructure S.A. NPV (DI), CVC Income & Growth Limited NPV Euro, Elementis, Elementis, Fondul Proprietatea S.A. GDR (Reg S), Minoan Group, Petro Matad Ltd., Rotork, The Pebble Group, Versarien

TRADING ANNOUNCEMENTS

Elementis, Howden Joinery Group, IDOX, Rotork

UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

Nationwide House Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE

Abrdn , European Assets Trust , Wynnstay Group

Q1

Banco Santander S.A., St James's Place

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