View our top six events to look out for this week (26-30 June), plus our key company earnings schedule.
The week ahead: Queen's speech, sterling and oil prices
UK Chief Market Analyst, Michael Hewson, looks ahead to the vote on the Queen's speech, its potential effects on sterling and outlook for oil prices.
Purplebricks lay a strong foundation
Thursday: Earlier this year, Purplebricks forecast that it would turn a profit in the UK for the first time ever. The online estate agency has disrupted the traditional model by charging a flat fee for its services and saving the average buyer thousands of pounds. With the company’s share price having risen over 200% since November, has most of the good news already been priced in?
Weak inflation may diminish US rate-hike expectations
Thursday: US Federal Reserve policymakers seem relaxed about the outlook for inflation, certain that it is likely to come along fairly soon. The latest price data doesn’t appear to bear that out, however. If the current weakness in US core PCE prices continues, rate expectations for later this year could decline as well, potentially weakening the US dollar in the process.
Will US and UK final Q1 GDP show a positive swing?
Thursday-Friday: The first quarter of this year wasn’t particularly good for the US (Thu) and UK (Fri), as consumers on both sides of the Atlantic stepped back after a strong end to last year. These final readings could see upward revisions to both, given that March did appear to show some evidence of a rebound in consumer spending.
Can Nike make it to the finish line ahead of Q4 results?
Friday: At its last trading update in March, Nike reported that it was losing to rivals with a fall in revenues. North America is still its biggest market, but slowing demand in China has been a cause for concern. Could this trend continue for the sports brand as it gears up to report in its final quarter?
ECB to watch EU flash inflation number
Friday: Inflation in Europe has been volatile this year, although the recent slide in energy prices could have a positive effect on consumers’ wallets. Another weak CPI reading could also push back expectations about the timing of a possible withdrawal of stimulus by the European Central Bank.
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 26 June||Results|
|Schnitzer Steel Industries (US)||Q3|
|Tuesday 27 June||Results|
|CalAmp Corp (US)||Q1|
|Darden Restaurants (US)||Q4|
|FactSet Research Systems (US)||Q3|
|IHS Markit (UK)||Q2|
|KB Home (US)||Q2|
|Photo-Me International (UK)||Full-year|
|Polar Capital Holdings (UK)||Full-year|
|Wednesday 28 June||Results|
|A Schulman (US)||Q3|
|Dixons Carphone (UK)||Full-year|
|General Mills (US)||Q4|
|Investors Real Estate Trust (US)||Q4|
|Omnova Solutions (US)||Q2|
|Paychex Inc (US)||Q4|
|Pier 1 Imports (US)||Q1|
|UniFirst Corp/MA (US)||Q3|
|Worthington Industries (US)||Q4|
|Thursday 29 June||Results|
|Acuity Brands (US)||Q3|
|American Outdoor Brands (US)||Q4|
|Conagra Brands (US)||Q4|
|Constellation Brands (US)||Q1|
|DS Smith (UK)||Full-year|
|Franklin Covey (US)||Q3|
|McCormick & Co (US)||Q2|
|Micron Technology (US)||Q3|
|Rite Aid (US)||Q1|
|Walgreens Boots Alliance (US)||Q3|
|Friday 30 June||Results|
|No major companies scheduled to report|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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