View our top seven events to look out for this week (20-24 February), plus our key company earnings schedule.
Is Yellen fed up with being dovish?
Chief Market Analyst Michael Hewson looks ahead to the latest US Federal Open Market Committee meeting minutes, and key events for the week beginning 20 February 2017.
Anglo American digs deeper for profit
Tuesday: It’s been a stellar year for mining stocks and Anglo American shares are up over 250% in the last year due to sharp capex cuts and a rebound in iron ore and copper prices. The miner has also set up its own trading unit, ahead of full-year numbers set to show a return to profit for the first time since 2013.
Will Article 50 derail UK banks’ recovery?
Tuesday-Friday: Since the Brexit vote, the banking sector has embarked on a measured rebound, as it looks to close in on levels last seen in the summer of 2015. But there remains concern as to how the sector will fare once Article 50 is triggered. HSBC (Tue), Lloyds (Wed), Barclays (Thu) and RBS (Fri) unveil full-year earnings.
Will Q4 results offer respite for US retailers?
Tuesday: With profit being squeezed by online retailers, Wal-Mart has announced 1,000 job losses in the last month, following Macy's decision to close 15% of its stores to combat falling sales. Given this weak backdrop, will a decent Thanksgiving and Christmas period stem the tide of shrinking margins?
Will a rising inflation rate force the ECB into action?
Wednesday: The sharp rise in eurozone inflation over the last 12 months is increasing pressure on the ECB to start pulling back from its easy monetary policy, with Germany already unhappy about the cost of negative rates on its savers. This week’s CPI data is expected to see inflation come within touching distance of the ECB’s 2% target.
Q4 data to confirm growing UK economy
Thursday: The performance of the UK economy over the second half of 2016 is on course to outperform the first half, after recent data from the manufacturing sector showed a strong performance at the end of the year. Expectations are for growth of 0.6%, in line with Q3 and an annualised rate of 2.2%.
Will Pearson’s annual results spell trouble?
Friday: It’s not been a good year for the part owner of the world’s biggest book publisher, Penguin Random House, whose titles include Game of Thrones and Harry Potter. Pearson's shares are down sharply after a recent profit warning, prompting management to consider selling off one of its crown jewels to help ride out a slowdown in its US education business.
Index dividend schedule
If you trade indices, dividend payments from an index's constituent shares can result in either a credit or debit to your account. View this week's indices dividend drop points table.
Selected UK & US company earnings schedule
|Monday 20 February||Results|
|Community Health Systems (US)||Q4|
|Tuesday 21 February||Results|
|Advance Auto Parts (US)||Q4|
|Anglo American (UK)||Full-year|
|Concho Resources (US)||Q4|
|Home Depot (US)||Q4|
|Macquarie Infrastructure (US)||Q4|
|New Residential Investment (US)||Q4|
|Newmonth Mining (US)||Q4|
|Whiting Petroleum (US)||Q4|
|XPO Logistics (US)||Q4|
|Wednesday 22 February||Results|
|Ares Capital (US)||Q4|
|ARRIS International (US)||Q4|
|Clovis Oncology (US)||Q4|
|Energy Transfer Equity (US)||Q4|
|Energy Transfer Partners (US)||Q4|
|L Brands (US)||Q4|
|Lloyds Banking Group (UK)||Full-year|
|Nabors Industries (US)||Q4|
|Range Resources (US)||Q4|
|Rice Energy (US)||Q4|
|Sanchez Energy (US)||Q4|
|SM Energy (US)||Q4|
|US Silica (US)||Q4|
|Thursday 23 February||Results|
|Acacia Communications (US)||Q4|
|British American Tobacco (UK)||Full-year|
|Chesapeake Energy (US)||Q4|
|Contentinal Resources (US)||Q4|
|Hewlett-Packard Enterprises (US)||Q1|
|Kate Spade (US)||Q4|
|Parsley Energy (US)||Q4|
|Sprouts Farmers Market (US)||Q4|
|Friday 24 February||Results|
|Cabot Oil & Gas (US)||Q4|
|Foot Locker (US)||Q4|
|International Consolidated Airlines (UK)||Full-year|
|JC Penney (US)||Q4|
|Royal Bank of Scotland (UK)||Full-year|
|Standard Chartered (UK)||Full-year|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.