Upgrade Now

Friday preview: Eurozone GDP, US retail sales in focus

By Josh White

Date: Thursday 13 Aug 2020

Friday preview: Eurozone GDP, US retail sales in focus

(Sharecast News) - The eurozone will be front and centre of the economic agenda on Friday, as the second quarter GDP growth figures are set to be released mid-morning.
The quarter-on-quarter growth rate is expected to plunge to a contraction of 12.6%, from a 3.6% shrinking previously, as the effects of the Covid-19 pandemic took hold in the period.

On a year-on-year basis, the euro area's economy is anticipated to have shrunk by 15%, widening from the previous reading of 3.1%.

The state of the retail economy in the US is also keenly awaited, with retail sales expected to have picked up by 1.9% month-on-month in July, as Americans opened their wallets after the initial depths of the pandemic earlier in the year.

That would still be a slowing from the explosive 7.5% gain seen in the prior month, when the effects of pent-up demand were made apparent.

Among other economic releases pencilled in are the euro area's balance of trade and US industrial production, with a raft of industrial, investment and retail data due out of China overnight too.

It'll be a quiet day on the corporate front, with no FTSE 350 names due to report,

Friday 14 August 14

INTERIMS

Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S), Verona Pharma, Westminster Group, Yew Grove Reit

INTERIM DIVIDEND PAYMENT DATE

Safestore Holdings

QUARTERLY PAYMENT DATE

Anglo Pacific Group, JPMorgan Asia Growth & Income, JPMorgan Japan Smaller Companies Trust, Marsh & Mclennan Cos Inc., SME Credit Realisation Fund Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Business Inventories (US) (15:00)

Capacity Utilisation (US) (14:15)

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

Industrial Production (US) (14:15)

Retail Sales (US) (13:30)

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

GMS

Impax Environmental Markets

ANNUAL REPORT

Abbey, SIMEC Atlantis Energy Limited (DI)

AGMS

Adamas Finance Asia Limited (DI), Baker Steel Resources Trust Ltd., NewRiver REIT

FINAL DIVIDEND PAYMENT DATE

Gabelli Value Plus Trust , Immunodiagnostic Systems Holdings, MS International, Palace Capital , Stenprop Limited

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page