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

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

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

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