View our top six market events to look out for this week (10-14 April), plus our key company earnings schedule.
What will this week's raft of data reveal about the UK economy?
Michael Hewson takes a look ahead to this week’s key UK CPI and wages data, China data and key chart points for GBP/USD and the FTSE 100, ahead of the Easter break.
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Tesco feels the squeeze
Wednesday: This week’s full-year results may be overshadowed by the amount set aside for fines and compensation for investors following the 2014 accounting scandal. The recent recovery in Tesco's underlying business is also being squeezed by discount retailers and Waitrose.
Will price pressures ease in China?
Wednesday: Recent inflation data suggests that price pressures in the first quarter of 2017 might be easing. PPI numbers could confirm this, having jumped from a negative number in August 2016 to 7.8% in February. If March CPI and PPI data is moderate, it may suggest concerns over ever-rising inflation are starting to lessen.
Will US banks be in the money?
Thursday: We've seen a resurgence in US banking stocks recently, based on optimism around higher rates boosting margins and that the Trump administration will dismantle regulations, which bankers say are restricting profitability. Will this week’s Q1 trading updates from, Citigroup, JP Morgan and Wells Fargo reflect this, or is the market pricing in too much optimism?
China's trade data a barometer for global economy
Thursday: In February, China trade data showed a sharp rise in imports (probably a distortion caused by the timing of Chinese New Year) while exports slipped, resulting in a surprise trade deficit. While domestic demand remains strong, it would be worrying if exports didn't pick up in March as this might imply a slowdown in the global economy.
Will US retail sales buck the consumer confidence trend again?
Friday: US car sales came in much lower than expected last week, despite consumer confidence reaching its highest level in 17 years in March. Will this confidence be reflected in broader shopping patterns, or will March prove another disappointing month for retail sales?
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 10 April||Results|
|Southwest Airlines* (US)||Sales & revenue|
|United Continental Holdings* (US)||Sales & revenue|
|Tuesday 11 April||Results|
|American Airlines* (US)||Sales & revenue|
|Alaska Air Group* (US)||Sales & revenue|
|Wednesday 12 April||Results|
|JetBlue Airways* (US)||Sales & revenue|
|Thursday 13 April||Results|
|JPMorgan Chase (US)||Q1|
|PNC Financial Services Group (US)||Q1|
|Wells Fargo (US)||Q1|
|Friday 14 April||Results|
|KCG Holdings* (US)||Sales & revenue|
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.