Tuesday preview: German factory orders, British American Tobacco in focus

(Sharecast News) - The economic calendar was rather sparse on Tuesday.

The key release would be a report on German factory orders for April, at 0700 BST.

It would be followed by figures on euro area retail sales in April at 1000 BST.

On home shores, at 0930 BST S&P Global would release its UK construction Purchasing Managers' Index for May.

And overnight, the Reserve Bank of Australia would announce its latest interest rate decision.

Consensus was that policymakers at the RBA would keep the Cash Rate target at 3.85%.

In the corporate arena meanwhile, the market spotlight would be on British American Tobacco as it delivered a pre-close trading update for its second quarter.

The share price had continued drifting lower since its first quarter results were published.

That was despite management's confidence in their goals for the company's Next Generation Products and revenue growth targets.

Nonetheless, according to Michael Hewson, chief market analyst at CMC Markets UK: "The lack of a commitment to further buybacks may also be weighing on recent share price performance."

Tuesday 6 June

FINALS

GENinCode, Speedy Hire, Warehouse Reit, Brown (N.) Group, NewRiver REIT

INTERIMS

Paragon Banking Group, Oxford Metrics, Gooch & Housego

Q1

Argo Blockchain

TRADING ANNOUNCEMENTS

Hunting

AGMs

M Winkworth, Mast Energy Developments, Billington Holdings, NB Global Monthly Income Fund Limited Red Ord Shs NPV £, Tata Global Beverages Ltd GDS (Reg S)

Tasty, Starwood European Real Estate Finance Ltd

GMs

WANdisco

ANNUAL REPORT

National Grid

FINAL DIVIDEND PAYMENT DATE

Holders Technology

SPECIAL EX-DIVIDEND DATE

Hurricane Energy

UK ECONOMIC ANNOUNCEMENTS

BRC Sales Monitor (00:01)

PMI Construction (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

Retail Sales (EU) (10:00)