Monday 6 September
-Full-year results from Dechra Pharmaceuticals
-First-half results from estate agent Belvoir
-UK construction industry purchasing managers’ index (PMI)
Tuesday 7 September
-Reserve Bank of Australia interest rate decision
-McBride full-year results
Last month the manufacturer of cleaning liquids, powders and aerosols issued a profit warning due to higher raw materials and distribution costs, as well as problems sourcing sufficient supply of both materials and truck drivers.
AJ Bell said: “Management’s estimate that adjusted pre-tax profits will come in 55% to 65% below consensus implies an adjusted pre-tax profit for the year to June 2022 of around £12m compared to forecasts of £19.7m and analysts’ anticipated out-turn for the year to June 2021 of £12.7m. The focus of the results is therefore likely to be whether McBride sees any change in its outlook for the year to June 2022, for better or worse.”
-Full-year results from niche building materials expert Alumasc
-First-half results from Vistry, IQE and Parsley Box
-Japanese wage growth data
-Halifax UK house price index
-German industrial production data
-German ZEW industrial confidence indicator
Wednesday 8 September
-Dunelm full-year results
AJ Bell noted Dunelm’s shares are down by 15% over the last 12 months and have made little progress in 2021, despite some very upbeat trading updates.
Analysts and shareholders will be looking out for an update on sales, profit and the dividend, AJ Bell added.
-Mattioli Woods final results
-Bank of Canada interest rate decision
-First-half results from retailer Inspecs and chilled foods producer Bakkavor
-Chinese inflation figures
-US Job Openings and Labor Turnover Survey (JOLTS)
-Federal Reserve Summary of Commentary on Current Economic Conditions (‘Beige Book’)
-In the US, quarterly results from Slack
Thursday 9 September
-ECB rate decision
AJ Bell said economists are starting to wonder whether the ECB is about to start tapering its QE scheme, in light of the latest inflation figures (with CPI up 3% in August) and pressure from Bundesbank president Jens Weidmann, among others, to act.
“The Pandemic Emergency Purchase Programme, or PEPP, has a current limit of €1.85trn, from its inception date on March 2020 to March 2022. This latest version of the QE programme has been expanded in scope twice already, from its initial level of €750bn. This means the ECB’s balance sheet now carries assets with a value of €8.2trn, up 27% year-on-year.”
-First-half results from Morrisons, STV, Funding Circle and Burford Capital
-US oil inventories data
-US weekly unemployment claims
-In the US, quarterly results from Ciena
Friday 10 September
-Full-year results from engineering services specialist Ricardo
-Chinese monthly growth figures for retail sales, industrial production and investment in tangible fixed assets
-UK monthly GDP figures
-UK construction, manufacturing and industrial output data
-US producer price inflation figures
-In Asia, monthly sales figures from contract silicon chip maker TSMC (as the global semiconductor shortages continue to bite)
