Thursday preview: US initial jobless claims, Remy Cointreau results due

(Sharecast News) - Thursday will see the release of full-year results from Mitie Group, CMC Markets, Capital Gearing Trust and French drinks maker Remy Cointreau, while Lululemon Athletica will publish quarterly numbers across the pond. UBS said Remy Cointreau is unlikely to guide for FY27 but any qualitative comments on margin/free cash flow outlook will be eyed.

Investors will also watch for gross margin development and perspectives and any further indications on the new strategic plan and its implications in terms of reorganisation, cost management, and FCF generation.

The bank also expects investors to turn their attention to FCF generation versus leverage and dividend policy.

On the macro front, US initial jobless claims will be in focus, along with the eurozone retail sales figures for April.

Deutsche Bank said the latest weekly initial jobless claims are expected to remain relatively low, although its economists see scope for a temporary uptick to around 220,000, partly reflecting seasonal distortions associated with the Memorial Day holiday period.

Investors will also be eyeing speeches by European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey on Thursday.