Share Prices & Company Research

Market News

07 Jul 2021 | 12:05

Thursday preview: ECB strategy review, Persimmon in focus

(Sharecast News) - Financial markets' focus on Thursday will be on the results of the European Central Bank's strategy review. The results of that review will be published at noon, followed by a press briefing from ECB boss, Christine Lagarde, at 1330 BST.

Notably, they may include the first change to the ECB's inflation target since 2003.

Also due out, at 1230 BST, are the minutes of ECB's last policy meeting.

On home shores, overnight the Recruitment and Employment Confederation will release its Permanent Staff Placements and Salaries indices for the month of June.

They will be published together with the Royal Institute of Chartered Surveyors house price balance for that same month.

Stateside, the spotlight will be on the latest batch of weekly unemployment claims figures.

Economists at Barclays Research forecast that they will reveal a decline in first time jobless claims from 364,000 during the week before to 350,000.

Further afield, and also overnight, policymakers in Malaysia will announce their interest rate decision.

On the corporate side of things, Persimmon is due to publish its first half results.

UBS analyst Gregor Kuglitsch expects the homebuilder will report 7,521 completions for a 53.5% increase on the prior year period and just below the 2019 mark of 7,584.

The company's topline meanwhile was seen improving from £1.1bn to £1.71bn.

Yet markets' focus would be on Persimmon's margins, which he estimated would come in at around 28%.

"Key focus will be on the interplay between pricing and cost inflation," Kuglitsch explained in a research note sent to clients.

"We think on balance, there is upside risk to margins as a result of this dynamic, putting some upside risk to the margin outlook for the year."

Thursday 08 July

INTERIM EX-DIVIDEND DATE

CC Japan Income & Growth Trust, Dewhurst, Dewhurst (Non-Voting), Mobeus Income & Growth 4 Vct, Safestore Holdings, Schroder UK Mid Cap Fund, SCS Group , Witan Investment Trust Plc

QUARTERLY PAYMENT DATE

GlaxoSmithKline

QUARTERLY EX-DIVIDEND DATE

BlackRock Latin American Inv Trust, BMO Private Equity Trust, British American Tobacco, JPMorgan Asia Growth & Income, JPMorgan Japan Small Cap Growth & Income, Marble Point Loan Financing Limited NPV, Middlefield Canadian Income PCC, Primary Health Properties, Real Estate Credit Investments Ltd, Yew Grove Reit (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Consumer Credit (US) (20:00)

Continuing Claims (US) (13:30)

Current Account (GER) (07:00)

Initial Jobless Claims (US) (13:30)

GMS

Augmentum Fintech

FINALS

Fuller Smith & Turner, Jet2, ReNeuron Group, Watches of Switzerland Group

SPECIAL EX-DIVIDEND DATE

Albion Venture Capital Trust, Octopus AIM VCT

AGMS

Active Energy Group, Air Partner, First Derivatives, Great Portland Estates, Hyve Group, JPMorgan European Inv Trust Growth Shares, Land Securities Group, Pets at Home Group , Severn Trent, Templeton Emerging Markets Inv Trust, Third Point Investors Limited NPV $, Worldwide Healthcare Trust

TRADING ANNOUNCEMENTS

Electrocomponents, Entain, Persimmon

UK ECONOMIC ANNOUNCEMENTS

RICS Housing Market Survey (00:01)

FINAL DIVIDEND PAYMENT DATE

Alliance Pharma, Ra International Group

FINAL EX-DIVIDEND DATE

Anglo Pacific Group, Aveva Group, Big Yellow Group, Coca-Cola HBC AG (CDI), Halma, Integrated Diagnostics Holdings, Mobeus Income & Growth 2 Vct, Mountview Estates, Next Fifteen Communications, Octopus AIM VCT, Octopus Apollo VCT, ProVen Growth & Income VCT, ProVen VCT, Sirius Real Estate Ltd., Telecom Plus, Tribal Group, Wincanton, Wynnstay Properties
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 17th May 2022
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.