Monday 27 September
-EU M3 Money Supply
-Trading statement from United Utilities
-US durable goods orders
-Octopus Renewables Infrastructure Trust interim results
Tuesday 28 September
-In Germany, GFK Consumer Confidence
-US House Price Index
– US Consumer confidence
-AG Barr interim results
-Card Factory interim results
-lancco Technology Group final results
-Close Brothers Group final results
-Ferguson final results
-Smiths Group final results
-Transense Technologies final results
-Pennon Group trading update
-United Utilities Group trading update
Wednesday 29 September
-UK BRC Shop Price index
-Nationwide House Price Index
-UK Consumer Credit
-M4 Money Supply
-Mortgage Approval
-EU Business Climate Indicator
-EU Consumer Confidence
-EU Economic Sentiment Indicator
-EU Industrial Confidence
-EU Services Sentiment
-US MBA Mortgage Applications
-US Pending Homes Sales
-US crude oil inventories
AJ Bell noted as the US economy has emerged from lockdown and started to grow, demand for energy has gone up and demand for gasoline for cars and trucks in particular. As a result, America’s stockpile of oil has shrunk down to just under 424 million barrels, excluding the strategic reserve. That means US oil inventories are down 16% year-on-year and down 23% from their June 2020 pandemic-driven, all-time peak.
-Allied Minds interim results
-Next interim results
AJ Bell noted Next’s shares are up by almost a third over the past year and they are hovering just below the new all-time closing high of £83.20 reached in May.
It said analysts and shareholders will look out for boss Lord Wolfson’s take on pressing strategic and macroeconomic issues, notably the value of high street stores, the ongoing addition of third-party brands to the website and issues surrounding input costs, the availability of raw materials and freight capacity and pricing. “It should be particularly informative to hear Next’s views on pricing, given how the firm benchmarks itself on the basis of full-price sales,” said AJ Bell.
Thursday 30 September
–Boohoo first half results
AJ Bell said online retail and fast fashion are still all the rage but shares in Boohoo are no higher now than summer 2017 as they languish near 12-month lows.
“June’s first-quarter update featured little, if anything, that was disappointing, and perhaps analysts and shareholders are waiting for the first signs of tangible benefits from the acquisition of the Debenhams, Wallis, Burton and Dorothy Perkins brands and websites for a total of £80m.
“Equally, the market may still be asking questions about the lingering impact (if any) upon the model of 2020’s independent investigation into working practices across the firm’s supply chain and also pondering whether the fast-fashion model will encounter any cost pressures or speed bumps in the event that logistics bottlenecks last longer than expected.”
-UK Current Account
-UK Gross Domestic Product
-Germany Import Price Index
-Germany Unemployment Rate
-EU Unemployment Rate
-US Continuing Claims
-US Gross Domestic Product
-US Initial Jobless Claims
-US Personal Consumption Expenditures
-US Chicago PMI
-Synairgen interim results
-In Europe, quarterly results from retailer H&M
Friday 1 October
-Full-year results from JD Wetherspoon
-UK PMI Manufacturing
-Germany Retail Sales
-Germany PMI Manufacturing
-EU PMI Manufacturing
-US Personal Consumption Expenditures
-US Personal Income and Personal Spending
-US Unemployment Rate
-US PMI Manufacturing
-US Construction Spending
-US ISM Manufacturing
-Japanese quarterly Tankan business confidence survey
