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