Friday preview: Euro area consumer confidence, US Thanksgiving Day retail sales


The market spotlight at the end of the week was to be on a batch of readings for consumer confidence in the euro area’s three largest economies, Germany, France and Italy.

Those findings were scheduled to be published at 0700 GMT, 0745 GMT and 0900 GMT, respectively.

Worth noting, the German survey, which was for the month of December, as opposed to November for the latter two, would be the most important of the three.

Also due out was a final estimate for German gross domestic product growth in the third quarter.

In the background, financial market participants were also expected to be keeping an eye out for any fresh headlines regarding a proposed oil price cap on Russian crude exports.

On home shores, the lone data point for investors to peruse would be car and engine manufacturing figures for November.

US stock markets meanwhile were only to open for a shortened trading session with the focus likely to be on any preliminary readings on how retailers are facing over the Thanksgiving holiday, which was often used as a proxy for the upcoming Christmas period.

Further afield, rate-setters in Buenos Aires were due to announce their latest monetary policy decision.

Economists at Barclays Research had forecast a 25 basis point reduction in the benchmark interest rate to 19.0%.

Friday 25 November

INTERIMS

Pets at Home Group

INTERIM DIVIDEND PAYMENT DATE

Amati AIM Vct , Anpario, Lookers, Next Fifteen Communications, Sanderson Design Group, Tesco, Warpaint London

QUARTERLY PAYMENT DATE

ContourGlobal , Octopus Renewables Infrastructure Trust , Primary Health Properties, SME Credit Realisation Fund Limited NPV, Tetragon Financial Group Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (00:01)

GFK Consumer Confidence (GER) (07:00)

Gross Domestic Product (GER) (07:00)

GMS

Aveva Group

EGMS

Datang International Power Generation Co Ltd.

AGMS

Base Resources Ltd , European Metals Holding Limited (DI), Neometals Ltd Npv (Di), Quadrise Fuels International, SCS Group

TRADING ANNOUNCEMENTS

Breedon Group , Vesuvius

FINAL DIVIDEND PAYMENT DATE

Manchester & London Investment Trust, MJ Gleeson , Mulberry Group, Ricardo, Thorpe (F.W.)