Weekly outlook: US-China tensions, UK employment and company AGMs

The key events for UK wealth managers for the week starting 13 May

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
      1 minute

      Developments around the trade negotiation between the US and China will be keenly observed in a week that also sees several company AGMs and a barrage of economic data.

      Monday 13 May

      – First-quarter results from Dignity

      – In Asia, quarterly results from Tencent Music

      Tuesday 14 May

      – UK unemployment and wage growth data is published

      AJ Bell investment director Russ Mould noted in February employment was 76.1%, the joint highest figure since records began in the early 1970s. “The key question will be whether an apparently tight jobs market is turning into wage inflation,” he added.

      – St James’s Place AGM

      – Standard Life Investments AGM

      – German inflation data

      – EU and German ZEW economic sentiment indicator

      Wednesday 15 May

      – EU GDP

      – Hargreaves Lansdown trading announcement

      – Jupiter AGM

      – Miton AGM

      – Brewin Dolphin interim results

      – US retail sales

      – Chinese data dump: fixed asset investment, industrial production and retail sales.

      Psigma Investment Management head of investment strategy Rory McPherson said: “This probably takes more significance given the recent return to the spotlight of the China/US trade tussle and also some sluggish credit growth data out of China.”

      – Full-year results from Alibaba and Tencent

      – Trading statements from Aston Martin Lagonda, Kingfisher, Crest Nicholson

      Thursday 16 May

      – US housing data: housing starts and building permits

      – Gresham House AGM

      – Lloyds AGM

      – Quilter AGM

      – Woodford Patient Capital Trust AGM

      – Investec results

      Friday 17 May

      – Eurozone inflation data

      – First-half results from Easyjet and Sage

      – EU inflation figures

      MORE ARTICLES ON