View our top six events to look out for this week (22-26 May), plus our key company earnings schedule.
How will FOMC minutes & possible GDP revisions affect USD?
UK Chief Market Analyst Michael Hewson looks ahead to FOMC minutes and revisions to UK and US GDP, and at where the US dollar might go next.
Are AutoZone in need of repairs?
Tuesday: Recent US car market data showed new car sales slowed sharply in the first quarter of 2017. With durable goods spend and retail sales also weak in Q1, there is a decent possibility that the accessories markets has also slowed, particularly since a mild winter puts less strain on batteries and breakdowns. Will AutoZone’s Q3 update reflect this?
Can France and Germany sustain their economic upturn?
Tuesday: One of the more surprising aspects of 2017 has been a strong rebound in the French and German economies, despite significant political uncertainty. With inflation looking to regain a foothold, May flash manufacturing and services PMI data will show whether this upturn has staying power.
Will Norman help turnaround M&S’ fortunes?
Wednesday: Marks and Spencer CEO Steve Rowe has his work cut out to turn around one of the UK’s biggest brands. The appointment of retail industry veteran Archie Norman as chairman could be a shrewd move for a retailer that has always had a strong food offering, but continually falls short in general merchandise. After a difficult last quarter, annual profit is expected to fall to around £600m.
Are HP set to print another strong set of results?
Wednesday: HP got off to a decent start this year, posting an increase in turnover and profit driven primarily by its personal systems division, comprising notebooks, desktops and workstations. With revenue from its 3D printers also posting a decent chunk of turnover, will this trend continue in Q2?
US retailers remain under pressure
Thursday: Big box US retailers have had a difficult quarter, probably as a result of a relatively warm winter. Will Sears and Costco disappoint in the same way as their peers? Even the more niche brands like Abercrombie & Fitch have found life difficult, prompting speculation that they might be vulnerable to a takeover.
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 22 May||Results|
|No major US or UK companies reporting|
|Tuesday 23 May||Results|
|Take-Two Interactive Software (US)||Q4|
|Wednesday 24 May||Results|
|Advance Auto Parts (US)||Q1|
|Marks & Spencer (UK)||Full-year|
|Triumph Group (US)||Q4|
|Thursday 25 May||Results|
|Abercrombie & Fitch (US)||Q1|
|Best Buy (US)||Q1|
|DXC Technology (US)||Q4|
|Signet Jewelers (US)||Q1|
|Friday 26 May||Results|
|No major US or UK companies reporting|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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