View our top six stories to look out for this week (21-25 August), plus our key company earnings schedule.
How are geopolitics affecting risk sentiment?
Michael Hewson examines the effects recent geopolitical events are having on risk sentiment, from North Korea, to Trump, to incidents in Barcelona, and he looks ahead to Jackson Hole this week.
Will a weak US dollar boost Hewlett Packard Enterprise?
Tuesday: When Hewlett Packard Enterprise reported its most recent figures for Q2, it was hard to hide the fact that the business was struggling, after another slide in revenue across most of its divisions. Increased competition, higher commodity prices and a stronger US dollar all contributed to the company's second-quarter loss. Perhaps the sharp decline in the greenback since June will help the company post a better result this week.
Unstable foundations for Carillion
Wednesday: It’s not been a good few weeks for Carillion, after its share price halved in July following a shock profit warning. Its order book remains strong, but rising debts and increased pension liabilities suggest the construction services company is overstretched and may need to start selling assets. This week's half-year results should provide clarity on the recent profit warning, and any potential road map back.
UK advertising giant reports half-year results
Wednesday: Last year saw WPP post its best ever results for revenue and profit, helped by the recent decline in the value of the pound as its expansion in overseas markets continued to grow. That trend looks set to continue this week given the current benign economic conditions in the global economy.
Will German and French PMI data reinforce an August cool off?
Wednesday: August tends to be a slow month for economic data in Europe, as some companies wind down for their summer break. Nevertheless, recent PMI numbers suggest economic momentum is waning after a strong start to the year in both manufacturing and services. This seems unlikely to change this month, as a higher euro affects various economies across Europe.
Could UK Q2 GDP be revised higher?
Thursday: This week's second estimate of the Q2 GDP figure will offer fresh insight into the UK economy, after a moderate uptick in the initial number last month compared with the first quarter. Recent data has shown an improvement towards the middle and end of Q2 following a slow start, suggesting we might see some upward revisions in the coming days and weeks.
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 21 August||Results|
|Zayo Group Holdings (US)||Q4|
|Tuesday 22 August||Results|
|Hewlett Packard Enterprise (US)||Q3|
|Wednesday 23 August||Results|
|Lowe's Cos (US)||Q2|
|Thursday 24 August||Results|
|Brocade Communications Systems (US)||Q3|
|Signet Jewelers (US)||Q2|
|Ulta Beauty (US)||Q2|
|Friday 25 August||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.
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.