View our top seven events to look out for this week (19-23 June), plus our key company earnings schedule.
The week ahead: are stock markets looking at a wobble?
UK Chief Market Analyst, Michael Hewson, discusses whether equity markets are on the brink of rolling over, after the Federal Reserve raised US interest rates and the Bank of England presented an unexpectedly hawkish outlook.
Can FedEx post positive Q4 earnings?
Tuesday: Recent US consumer data has been weak, with retail sales underperforming and big box retailers continuing to disappoint. Online retailers appear to be performing better, however, and FedEx’s numbers could confirm this if parcel turnover holds up. Volume rose in March, though profit was squeezed by higher fuel costs.
Is a slowing housing market about to hit Berkeley?
Wednesday: A slowing housing market in London could impact Berkeley Group’s full-year profits, particularly in light of sharp price falls since the housebuilder’s last trading update in March, when pre-tax profit guidance was left at the top end of the £750m mark.
Can Chemring defend its Q1 profit?
Thursday: Chemring returned to profit this year, thanks to a weaker pound and recent restructuring efforts. The UK defence company, which makes ammunition anti-missile flares and cyber security systems, has seen its share price rise after last year’s lows, but the year-to-date price has disappointed despite recent cybersecurity concerns caused by the ‘Wannacry’ cyber-attack.
Can Barnes and Noble book a Q4 profit?
Thursday: Barnes and Noble’s foray into digital education may pay off after a recent deal with Unizin to supply predictive analytics services to universities. The US bookseller’s sales have declined as the online book market has gained in popularity, but its expansion of in-store cafe services coupled with Amazon’s recent decision to open new bookstores suggests that physical bookstores are still popular.
Will Bed Bath & Beyond wake up from its nightmare?
Thursday: The US homeware retailer has had a difficult 12 months, wrestling declining footfall as online sales continue to eat into its bottom line. The company has already announced the closure of up to 20 underperforming stores, but has also rather strangely announced plans to open 30 new ones. Could this be a risky strategy for Bed Bath & Beyond at a time when online sales are becoming more popular?
Eurozone in focus ahead of French and German data
Friday: The French and German economies have beaten expectations across the board, with services doing well in France, and German manufacturing similarly strong. The big question is whether this can last at a time when we are seeing weak wage growth and a slowing global economy. Will this week’s flash PMIs for June offer early indications of a pause?
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
UK & US company earnings schedule
|Monday 19 June||Results|
|No major announcements||-|
|Tuesday 20 June||Results|
|Adobe Systems (US)||Q2|
|Korn/Ferry International (US)||Q4|
|Red Hat (US)||Q1|
|RWS Holdings (UK)||Half-year|
|Wednesday 21 June||Results|
|Berkeley Group Holdings (UK)||Full-year|
|Berkeley Group Holdings (UK)||Q1|
|Winnebago Industries (US)||Q3|
|Thursday 22 June||Results|
|Apogee Enterprises (US)||Q1|
|Barnes & Noble (US)||Q4|
|Chemring Group (UK)||Half-year|
|Commercial Metals (US)||Q3|
|Friday 23 June||Results|
|Finish Line (US)||Q1|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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