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Week ahead: Federal Reserve and Bank of England in focus

By Alexander Bueso

Date: Friday 14 Jun 2019

Week ahead: Federal Reserve and Bank of England in focus

(Sharecast News) - The market spotlight over the coming week will fall squarely on the world's main central banks, with policymakers at the Federal Reserve, Bank of England and Bank of Japan all due to meet to decide on policy.
In the case of the US, on Wednesday investors will be keen to see if rate-setters in Washington DC push back on market expectations for rate cuts and to what degree.

Back on home turf, on the following day, the Monetary Policy Committee will announce its own decision on rates, even as market participants openly question talk of possible rate hikes.

On that note, CMC Markets UKs Michael Hewson told clients: "Recent noises from Bank of England officials do appear to be clouding the picture with respect to interest rates with chief economist Andrew Haldane, as well as external member of the MPC Michael Saunders warning about the prospect for higher rates.

"With the Brexit deadline extended to October and the latest economic data showing signs of softening, any talk of rate hikes is increasingly looking detached from reality, whatever these two policy makers might have you believe."

Investors in the UK will also be monitoring the televised Conservative party leadership debate, on Tuesday.

Across the Channel, the German ZEW institute's economic confidence index for June is also due on Tuesday, followed by a preliminary reading on IHS Markit's euro area manufacturing and services sectors Purchasing Managers' Indices, for the month of June, on Friday

Monday June 17

GMS

SQN Asset Finance Income Fund Limited

AGMS

Challenger Acquisitions Limited , Fairfx Group , Mobile Tornado Group, Premier Technical Services Group , Starcom, UK Commercial Property Reit Limited, Zenith Energy LTD.Com Shs NPV (DI)

FINAL DIVIDEND PAYMENT DATE

AA , Avast, Pagegroup

Tuesday June 18

INTERIMS

Safestore Holdings, Schroder European Real Estate Investment Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Building Permits (US) (13:30)

Consumer Price Index (EU) (10:00)

Housing Starts (US) (13:30)

Producer Price Index (GER) (07:00)

ZEW Survey (EU) - Economic Sentiment (10:00)

ZEW Survey (GER) - Current Situation (10:00)

ZEW Survey (GER) - Economic Sentiment (10:00)

Q4

Ashtead Group

FINALS

Ashtead Group, NextEnergy Solar Fund Limited Red, TechFinancials (DI), Telecom Plus

AGMS

Andrews Sykes Group, Ascent Resources, CEIBA Investments Limited NPV, Clearstar Inc. (DI), Coca-Cola HBC AG (CDI), Directa Plus, Ergomed , Evraz, Global Ports Investments GDR (REG S), Horizon Discovery Group, MHP SE GDR (Reg S), NetScientific , Plus500 Ltd (DI), Rosenblatt Group , Savannah Resources

FINAL DIVIDEND PAYMENT DATE

Card Factory, Witan Pacific Inv Trust

Wednesday June 19

INTERIMS

Standard Life Private Equity Trust

INTERIM DIVIDEND PAYMENT DATE

DFS Furniture, Tharisa (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Current Account (EU) (09:00)

MBA Mortgage Applications (US) (12:00)

FINALS

Severfield, ULS Technology

SPECIAL DIVIDEND PAYMENT DATE

Randall & Quilter Investment Holdings (DI)

AGMS

BioPharma Credit , Brave Bison Group, Cadogan Petroleum, ECSC Group, Fair Oaks Income Limited 2017 Shs NPV, Inspired Energy, International Consolidated Airlines Group SA (CDI), Midatech Pharma , N4 Pharma , Northern Electricity Prf, Novacyt S.A. (CDI), Saga , Summit Therapeutics , Tarsus Group, Whitbread, Woodbois Limited

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (09:30)

Producer Price Index (09:30)

Retail Price Index (09:30)

FINAL DIVIDEND PAYMENT DATE

Aurora Investment Trust

FINAL EX-DIVIDEND DATE

Syncona Limited NPV

Thursday June 20

INTERIMS

CareTech Holding

INTERIM DIVIDEND PAYMENT DATE

Cerillion , Euromoney Institutional Investor

INTERIM EX-DIVIDEND DATE

Compass Group, Gooch & Housego, Inland Homes, ITE Group

QUARTERLY EX-DIVIDEND DATE

Brunner Inv Trust, Land Securities Group, Mercantile Investment Trust (The), Standard Life Private Equity Trust, TwentyFour Select Monthly Income Fund Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

Current Account (US) (13:30)

Initial Jobless Claims (US) (13:30)

Philadelphia Fed Index (US) (13:30)

GMS

A&J Mucklow Group, Anglo Asian Mining

FINALS

Best of the Best

SPECIAL EX-DIVIDEND DATE

Castings

AGMS

4D Pharma , Anglo Asian Mining, Augean, BH Macro Ltd. GBP Shares, Energiser Investments, Eurasia Mining, HSS Hire Group , HydroDec Group, NMC Health, PJSC Lukoil ADR, REA Holdings

UK ECONOMIC ANNOUNCEMENTS

BoE Interest Rate Decision (12:00)

Retail Sales (09:30)

FINAL DIVIDEND PAYMENT DATE

Gamma Communications

FINAL EX-DIVIDEND DATE

Amati AIM Vct , Anexo Group , B&M European Value Retail S.A. (DI), Big Yellow Group, Braemar Shipping Services, Edinburgh Inv Trust, First Derivatives, MS International, Norcros, Northern 2 VCT, Northern 3 VCT, ProVen Growth & Income VCT, ProVen VCT, S&U, Steppe Cement Ltd, Stobart Group Ltd., Tate & Lyle, TR Property Inv Trust, United Utilities Group

Friday June 21

INTERIM DIVIDEND PAYMENT DATE

IntegraFin Holding, Litigation Capital Management Limited (DI), Numis Corporation, Stock Spirits Group , Titon Holdings, Town Centre Securities

QUARTERLY PAYMENT DATE

BP, Contour Global , Pershing Square Holdings Ltd NPV, Pershing Square Holdings Ltd NPV (USD)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Existing Home Sales (US) (15:00)

AGMS

BH Global Ltd. GBP Shares, Boohoo Group, EJF Investments Ltd NPV, Gulf Keystone Petroleum Ltd Com Shs (DI), Phoenix Spree Deutschland Limited Shs NPV , Sigma Capital Group, Tiger Resource, Xtract Resources

UK ECONOMIC ANNOUNCEMENTS

CBI Industrial Trends Surveys (11:00)

Public Sector Net Borrowing (09:30)

FINAL DIVIDEND PAYMENT DATE

Andrews Sykes Group, Howden Joinery Group, Inchcape, JTC, Keller Group, Keywords Studios, M. P. Evans Group, Midwich Group, Mincon Group , Nucleus Financial Group , Provident Financial, Ted Baker, Tesco

For later in the session, monthly retail sales figures covering the month of May are scheduled for release at 1330 BST, followed by a reading on industrial production during that same month at 1415 BST and for consumer confidence in June at 1500 BST.



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