View our top five stories to look out for this week (9-13 October), plus our key company earnings schedule.
The week ahead: Catalan uncertainty, Fed minutes and US banks results
Our Chief Market Analyst, Michael Hewson, examines the prospects for Spanish stock markets given the current situation in Catalonia, as well as looking ahead to the latest Fed minutes and the prospects for the US dollar against the euro and the pound.
What will August's data reveal about UK manufacturing?
Tuesday: One effect of a weaker pound over recent months has been a boost to the manufacturing sector, particularly in terms of PMI data. This recovery hasn't been reflected in official ONS data, prompting some head scratching from economists. This divergence seems to be showing some signs of correcting, with recent official data starting to reflect the surveys. Will August's data show further convergence, or continue to present a different reality?
Will it be a perfect fit for Ted Baker shareholders?
Tuesday: At its last full-year numbers, Ted Baker surprised investors by reporting a rise in sales and profit, as the business adapted to a much tougher retail environment. Ahead of Tuesday's half-year update, its franchise and concessions licensing model appears to work well, keeping overheads low, while its online operation accounts for 20% of the company's overall revenue in the UK and Europe.
US banks go head to head
Thursday & Friday: One of the major factors in recent updates from US banks was that lower volatility was hitting revenue growth in investment banking operations. It looks like this pattern could be repeated as JP Morgan, Citigroup and Bank of America report Q3 results, though the recent rebound in yields as markets gear up for a US December rate rise could improve margins.
Will the rising yuan affect China’s exports?
Friday: Recent economic data has shown that the Chinese economy has continued to improve, despite concerns that we're seeing a bit of steam coming out of its export markets. In the recent August data Chinese exports slowed, possibly due to the recent rise in the yuan against the US dollar and euro. If the trend continued in September, this could raise concerns that demand in Europe is starting to wane.
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
|Monday 9 October||Results|
|ICG Enterprise Trust (UK)||Half-year|
|Tuesday 10 October||Results|
|Barracuda Networks (US)||Q2|
|Ted Baker (UK)||Half-year|
|Wednesday 11 October||Results|
|Bank of the Ozarks (US)||Q3|
|Fastenal Co (US)||Q3|
|Vertu Motors (UK)||Half-year|
|Thursday 12 October||Results|
|Booker Group (UK)||Half-year|
|Domino's Pizza (US)||Q3|
|N Brown Group (UK)||Half-year|
|WH Smith (UK)||Full-year|
|Friday 13 October||Results|
|Bank of America (US)||Q3|
|Del Frisco's Restaurant Group (US)||Q3|
|First Horizon National (US)||Q3|
|First Republic Bank (US)||Q3|
|JB Hunt Transport Services (US)||Q3|
|PNC Financial Services Group (US)||Q3|
|Wells Fargo (US)||Q3|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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