Thursday preview: US inflation data, global factory PMIs in focus


At 1330 GMT, the Department of Commerce was expected to announce that the year-on-year rate of increase in the headline price deflator for personal consumption expenditures dipped from 6.2% in September to 6.0% for October.

At the core level meanwhile, the PCE index was seen ticking lower from 5.1% to 5.0%.

Personal spending was nevertheless expected to have picked up from the 0.6% monthly rise seen in September to 0.8%, alongside a 0.4% increase in personal income thanks to strong growth in wage and salary income.

Investors would also be keeping a close eye on the latest weekly jobless claims numbers and survey results for manufacturing, including from the Institute for Supply Management.

Across the Channel, S&P Global was to release a revised reading for its euro area manufacturing sector Purchasing Managers’ Index referencing the month of November (consensus: 47.3) at 0900 GMT.

Also due out were reports for German retail sales at 0700 GMT and Eurozone unemployment at 1100 GMT.

On home shores, a final reading on S&P Global’s factory sector PMI is also due out, albeit at 0930 GMT.

Earlier, at 0700 GMT, mortgage lender Nationwide will publish its house price index corresonding to the month of November.

In Asia, overnight survey compiler Caixin was scheduled to publish its monthly factory PMI.

Thursday 01 December

INTERIMS

DSW Capital, Duke Royalty Limited, Foresight Group Holdings Limited NPV, Industrials Reit Limited, Latham (James), Peel Hunt Limited NPV

INTERIM DIVIDEND PAYMENT DATE

Burford Capital NPV (DI), Investec Investment Trust 3 1/2% Cumulative Preference Stock, Marshalls

INTERIM EX-DIVIDEND DATE

3i Group, Abrdn Japan Investment Trust , Caledonia Investments, Calnex Solutions , CMC Markets, CML Microsystems, Devro, FIH Group , Helical, Hill and Smith, Marks Electrical Group, Michelmersh Brick Holdings, Montanaro European Smaller Companies Trust, Next, Ninety One , Oxford Instruments, Pets at Home Group , Renold 6% Cum. Prfd., Scottish Oriental Smaller Companies Trust, Severn Trent, Tatton Asset Management , Telecom Plus

QUARTERLY PAYMENT DATE

JpMorgan China Growth & Income , JPMorgan Claverhouse Inv Trust, Wheaton Precious Metals Corp.NPV (CDI)

QUARTERLY EX-DIVIDEND DATE

Downing Renewables & Infrastructure Trust, Pollen Street, Premier Miton Global Renewables Trust, Real Estate Credit Investments Ltd, RM Infrastructure Income, Round Hill Music Royalty Fund Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Construction Spending (US) (15:00)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

ISM Manufacturing (US) (15:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

PMI Manufacturing (EU) (09:00)

PMI Manufacturing (GER) (08:55)

PMI Manufacturing (US) (14:45)

Retail Sales (GER) (07:00)

Unemployment Rate (EU) (10:00)

Unemployment Rate (GER) (08:55)

FINALS

Auction Technology Group

AGMS

Aptamer Group, BowLeven, CQS New City High Yield Fund Limited, DX (Group), Essensys , James Halstead, Kin and Carta , Transense Technologies, Virgin Wines UK

UK ECONOMIC ANNOUNCEMENTS

PMI Manufacturing (09:30)

FINAL DIVIDEND PAYMENT DATE

EKF Diagnostics Holdings

FINAL EX-DIVIDEND DATE

Antofagasta 5% Cum Prf, AVI Global Trust , Aviva 8 3/4% Cumulative Irrd Preference 1, Bellway, Croma Security Solutions Group, DFS Furniture, Ecclesiastical Insurance 8.625% Non-Cum Irr Pref Shares, Fidelity Special Values, General Accident ‘A’, Pan African Resources, REA Holdings 9% Cum. Prf. #1, Royal Bank of Scotland 11% Cum. Prf, Royal Bank of Scotland 5.5% Cum. Prf., Wincanton, YouGov