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Week ahead: ECB, US tech giants' earnings in focus

By Alexander Bueso

Date: Friday 23 Oct 2020

Week ahead: ECB, US tech giants' earnings in focus

(Sharecast News) - The next-to-last week before the US Presidential elections will be heavily back-end loaded, with interest rate decisions from the European Central Bank and Bank of Japan both due out on Thursday, followed by quarterly earnings updates from Amazon, Apple and Facebook all due out after the close of trading that same day.




The next-to-last week before the US Presidential elections will be heavily back-end loaded, with interest rate decisions from the European Central Bank and Bank of Japan both due out on Thursday, followed by quarterly earnings updates from Amazon, Apple and Facebook all due out after the close of trading that same day.

Regarding the ECB, the latest euro area services sector Purchasing Managers' Index, referencing October, came in below forecasts, setting off talk of a double-dip recession, thus heightening speculation that the monetary authority might continue laying the groundwork for further stimulus in the near-term.

"In the absence of an imminent fiscal response from the EU due to a lack of consensus, the ECB remains the only game in town, however its response is being constrained by splits on the governing council, with a number of members pushing back against further stimulus in the short term," said Michael Hewson, chief market analyst at CMC Markets UK.

"Once again, the ECB will come under pressure to articulate a new response to what is likely to be further economic weakness in Q4."

It was also set to be a heavy week in terms of UK corporate announcements, with BP and HSBC both due out with trading statement on Tuesday, followed by Lloyds and Natwest on Thursday and Friday, respectively.

Monday 26 October

INTERIM DIVIDEND PAYMENT DATE

AVI Japan Opportunity Trust

QUARTERLY PAYMENT DATE

General Electric Co (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

IFO Business Climate (GER) (08:00)

IFO Current Assessment (GER) (08:00)

IFO Expectations (GER) (08:00)

New Homes Sales (US) (14:00)

Q3

Taseko Mines Limited NPV (DI)

AGMS

All Active Asset Capital Limited NPV (DI), Asimilar Group, Banco Santander S.A., Marechale Capital

Tuesday 27 October

INTERIMS

First Derivatives, Whitbread

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Confidence (US) (14:00)

Durable Goods Orders (US) (12:30)

House Price Index (US) (13:00)

M3 Money Supply (EU) (09:00)

Q3

Plus500 Ltd (DI)

FINALS

Quiz, Renalytix Ai (Reg S)

EGMS

BBGI SICAV S.A. (DI)

AGMS

Accrol Group Holdings, Brooks Macdonald Group, City of London Inv Trust, Dechra Pharmaceuticals, MyCelx Technologies Corporation (DI), Tlou Energy Limited (DI), Trafalgar Property Group

TRADING ANNOUNCEMENTS

Contour Global , Petra Diamonds Ltd.(DI)

UK ECONOMIC ANNOUNCEMENTS

CBI Distributive Trades Surveys (10:00)

FINAL DIVIDEND PAYMENT DATE

K3 Capital Group

Wednesday 28 October

INTERIMS

Itaconix

INTERIM DIVIDEND PAYMENT DATE

Smith & Nephew

QUARTERLY PAYMENT DATE

Law Debenture Corp.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (14:30)

MBA Mortgage Applications (US) (11:00)

AGMS

Hargreaves Services, Ideagen, Oil & Gas Development Company Ltd GDR (Reg S), Redde Northgate, Zoetic International

TRADING ANNOUNCEMENTS

Gem Diamonds Ltd. (DI), Ibstock , Next

Thursday 29 October

INTERIMS

Angle, BT Group

INTERIM DIVIDEND PAYMENT DATE

Life Settlement Assets

INTERIM EX-DIVIDEND DATE

Aberdeen New Thai Inv Trust, Hilton Food Group, London Security, Vesuvius

QUARTERLY PAYMENT DATE

Volta Finance Limited, Volta Finance Limited NPV (GBP), Yew Grove Reit

QUARTERLY EX-DIVIDEND DATE

Brunner Inv Trust, City of London Inv Trust, JpMorgan China Growth & Income , JPMorgan Claverhouse Inv Trust, SME Credit Realisation Fund Limited NPV, Unilever

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Continuing Claims (US) (12:30)

ECB Interest Rate (EU) (12:45)

Economic Sentiment Indicator (EU) (10:00)

GDP (Preliminary) (US) (12:30)

Industrial Confidence (EU) (10:00)

Initial Jobless Claims (US) (12:30)

Pending Homes Sales (US) (14:00)

Services Confidence (EU) (10:00)

Unemployment Rate (GER) (08:55)

Q3

Helios Towers , Indivior, OMV Petrom S.A. GDR (REG S), Royal Dutch Shell 'A', Royal Dutch Shell 'B', Smith & Nephew, Verona Pharma

GMS

Victoria Oil & Gas

FINALS

Proactis Holdings

SPECIAL EX-DIVIDEND DATE

Bioventix

EGMS

Jarvis Securities

AGMS

Aberforth Split Level Income Trust , Argos Resources Ltd. (DI), Filtronic, Fox Marble Holdings, ITM Power, JPMorgan Mid Cap Inv Trust, Rosslyn Data Technologies, South32 Limited (DI) , Vela Technologies, Zoltav Resources Inc (DI)

TRADING ANNOUNCEMENTS

Evraz, Smith & Nephew, WPP

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

Pembroke Vct

FINAL EX-DIVIDEND DATE

BlackRock Greater Europe Inv Trust, JPMorgan Smaller Companies Inv Trust, Sylvania Platinum Ltd (DI), Thorpe (F.W.)

Friday 30 October

INTERIMS

BION NPV

INTERIM DIVIDEND PAYMENT DATE

Aberdeen New India Investment Trust, Baillie Gifford China Growth Trust , Fidelity European Values, Gore Street Energy Storage Fund , HGCapital Trust, Jadestone Energy Inc NPV (DI), JPMorgan Russian Securities, Morrison (Wm) Supermarkets, Strix Group , Wynnstay Group, Xpediator

QUARTERLY PAYMENT DATE

BMO Private Equity Trust, Middlefield Canadian Income PCC, Standard Life Private Equity Trust, Value and Income Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Chicago PMI (US) (13:45)

Gross Domestic Product (GER) (07:00)

Import Price Index (GER) (07:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (12:30)

Retail Sales (GER) (07:00)

U. of Michigan Confidence (US) (14:00)

Unemployment Rate (EU) (10:00)

Q3

NATWEST GROUP PLC ORD 100P, Seplat Petroleum Development Company (DI)

GMS

Anglesey Mining

FINALS

Oncimmune Holdings

SPECIAL DIVIDEND PAYMENT DATE

Albion Technology & General VCT, Crown Place VCT, Seneca Growth Capital Vct

EGMS

VietNam Holding Ltd

AGMS

Atlas Mara Limited (DI), Ferro-Alloy Resources Limited NPV, Gateley (Holdings) , Intosol Holdings , Maxcyte (DI), Provexis, Sensyne Health, Smartspace Software , Springfield Properties , VietNam Holding Ltd, Zanaga Iron Ore Co. Ltd (DI)

TRADING ANNOUNCEMENTS

AIB Group, Convatec Group , Vivo Energy

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

FINAL DIVIDEND PAYMENT DATE

Alumasc Group, City of London Investment Group, Creightons, Fletcher King, Hargreaves Services, Standard Life UK Smaller Companies Trust



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