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Investors have a busy week ahead of them. Not only in terms of FTSE companies reporting, but also the agenda for major macro economic data.
My colleague discusses the significance of Monday’s China GDP, which can have a impact on Mining shares. We also have to prepare for US and UK Retail Sales – excellent barometers of consumer confidence.
The same is true of US Housing Starts and Permits. More people starting to build or asking for permission? This means consumer optimism.
Thereafter, UK and Eurozone Inflation have potential to shift expectations on interest rate policy. This can have a knock-on for both GBP and EUR. This in turn can affect their respective stock exchanges (e.g. FTSE, DAX).
Lastly, Fed Manufacturing reports (New York, Philly) could help or hinder confidence in the US economy if it offers a loud enough signal about the health of the US economy.
As for companies reporting, are you ready? Do you hold any of the following? Are you looking to buy them?
Will mining giants Rio Tinto, BHP and peer Centamin please investors with their latest production updates? Whatever is contained in their communications could be good or bad news for commodity prices.
Will quarterly results for Burberry, easyJet, Severn Trent and SSE offer positive financial results and an outlook statement which boosts sentiment on the shares?
Housebuilders did well this week thanks to updates from Barratt Developments and Bovis Homes. Will Galliford Try offer more good news for the sector, pushing shares even further?
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Enjoy your weekend.
Mike van Dulken, Head of Research, 12 July 2019
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.Prepared by Michael van Dulken, Head of Research