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Week ahead: UK Supreme Court, US-China trade in focus

By Alexander Bueso

Date: Friday 20 Sep 2019

Week ahead: UK Supreme Court, US-China trade in focus

(Sharecast News) - The focus over the coming week will revert to Brexit and the ongoing mid-level US-China consultations on trade.
Regarding the former, perhaps the key event to watch will be the UK Supreme Court's decision on the government's decision to prorogue Parliament, although it appeared that there was only a small chance that Parliament would be called back as a result, which some observers believed would help those opposed to a no-deal Brexit to stop it.

But there are skeptics.

"It would be a surprise if the judges were to find against the government, but even if they were to do so it's not immediately apparent what difference it would make to whether the UK and EU are able to arrive at a deal," said Michael Hewson, chief market analyst at CMC Markets UK.

"If the last three years have taught us anything it is that MPs know what they don't want but are completely clueless at articulating what they do want, apart from preventing the UK leaving with a deal."

Against that backdrop, traders are likely to be keeping a wary eye on events in the Middle East.

Across the Channel meanwhile, preliminary readings for IHS Markit's euro area Purchasing Managers' Indices for manufacturing and services, out on Monday, will also be closely watched.

Stateside, the key economic reports to watch are scheduled for release on Friday, namely those on personal income and spending, and durable goods orders data for August, alongside a final reading on the University of Michigan's consumer confidence gauge for September.

Monday September 23

INTERIMS

ASA International Group , Brady, Brady, Deltex Medical Group, Destiny Pharma , Faron Pharmaceuticals Oy (DI), Gama Aviation , Independent Oil & Gas , Instem, Keystone Law Group , Microsaic Systems

INTERIM DIVIDEND PAYMENT DATE

Barclays, British Smaller Companies VCT 2, Hikma Pharmaceuticals, SEGRO, Vivo Energy

QUARTERLY PAYMENT DATE

Royal Dutch Shell 'A', Royal Dutch Shell 'B'

FINALS

Purecircle Limited (DI), Seeing Machines Ltd.

AGMS

BMO Managed Portfolio Trust Growth Shares, BMO Managed Portfolio Trust Income Shares, BMO Managed Portfolio Trust Income Shares, Hidong Estate, Marechale Capital , NB Private Equity Partners Ltd., Ormonde Mining, Sosandar

FINAL DIVIDEND PAYMENT DATE

Castleton Technology

Tuesday September 24

INTERIMS

Alliance Pharma, Animalcare Group, Card Factory, DigitalBox, DP Poland, Everyman Media Group , Flowtech Fluidpower, Minds + Machines Group Limited (DI), Pennant International Group, S&U, Serica Energy, Ten Entertainment Group , Tremor International LTD (DI)

INTERIM DIVIDEND PAYMENT DATE

Franchise Brands, Standard Life Aberdeen

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Confidence (US) (15:00)

House Price Index (US) (14:00)

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

FINALS

1pm, Blancco Technology Group, DX (Group), Hotel Chocolat Group , InnovaDerma, Town Centre Securities

SPECIAL DIVIDEND PAYMENT DATE

Glencore

AGMS

Draper Esprit VCT, Kibo Energy, Knights Group Holdings , Limitless Earth, Park Group, Versarien

UK ECONOMIC ANNOUNCEMENTS

CBI Industrial Trends Surveys (11:00)

FINAL DIVIDEND PAYMENT DATE

TheWorks.Co.Uk

Wednesday September 25

INTERIMS

Boohoo Group, Ergomed , Mi-Pay Group, Mission Marketing Group, WANdisco, XLMedia

INTERIM DIVIDEND PAYMENT DATE

CRH

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

GFK Consumer Confidence (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

New Homes Sales (US) (15:00)

FINALS

Allergy Therapeutics, Netcall, PRS Reit (The)

DRILLING REPORT

Berkeley Energia Limited (DI), Valeura Energy Inc NPV (DI)

AGMS

Adept Technology Group, Carclo, Grafenia , Hornby, Joules Group, NCC Group, Orient Telecoms , PZ Cussons, Scholium Group, Scientific Digital Imaging, Shearwater Group , Tavistock Investments

UK ECONOMIC ANNOUNCEMENTS

BBA Mortgage Lending Figures (09:30)

FINAL DIVIDEND PAYMENT DATE

BHP Group

Thursday September 26

INTERIMS

Alfa Financial Software Holdings , Circassia Pharmaceuticals, Ebiquity, Eve Sleep PLC, Northbridge Industrial Services, Pelatro

INTERIM DIVIDEND PAYMENT DATE

Aviva, Frenkel Topping Group, GVC Holdings, Legal & General Group, Provident Financial, Prudential, Reckitt Benckiser Group, Schroders, Schroders (Non-Voting), Wood Group (John)

INTERIM EX-DIVIDEND DATE

Advanced Medical Solutions Group, Bonhill Group, Bovis Homes Group, EMIS Group, Essentra, Fidelity European Values, Gamma Communications, Grafton Group Units, Hansteen Holdings, Huntsworth, Intertek Group, John Laing Group , JPMorgan Russian Securities, JTC, Kenmare Resources, Medica Group , Morrison (Wm) Supermarkets, NAHL Group, Oakley Capital Investments Ltd. (DI), Smurfit Kappa Group, Somero Enterprises Inc. (DI), Strix Group , STV Group, Trans-Siberian Gold, TT Electronics, Urban Exposure, Wynnstay Group

QUARTERLY PAYMENT DATE

Fair Oaks Income Limited 2017 Shs NPV, Kosmos Energy (DI), Volta Finance Limited, Volta Finance Limited NPV (GBP)

QUARTERLY EX-DIVIDEND DATE

Duke Royalty Limited, Mercantile Investment Trust (The), Real Estate Investors, Value and Income Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

Gross Domestic Product (US) (13:30)

Initial Jobless Claims (US) (13:30)

M3 Money Supply (EU) (09:00)

Pending Homes Sales (US) (15:00)

Personal Consumption Expenditures (US) (13:30)

FINALS

Orient Telecoms

SPECIAL EX-DIVIDEND DATE

Diverse Income Trust (The), Hargreaves Lansdown, Jarvis Securities, Morrison (Wm) Supermarkets

AGMS

Alcentra Euorpean Floating Rate Income Fund Ltd Red Ord Shs, Argo Group Ltd., Finncap Group , Ilika, Kainos Group , Kromek Group, NWF Group, Real Good Food , Sure Ventures , Trakm8 Holdings

TRADING ANNOUNCEMENTS

Mitchells & Butlers

FINAL DIVIDEND PAYMENT DATE

XPS Pensions Group

FINAL EX-DIVIDEND DATE

Adept Technology Group, Alumasc Group, Beeks Financial Cloud Group, Brooks Macdonald Group, Draper Esprit VCT, Eckoh, ECO Animal Health Group, Hargreaves Lansdown, IG Group Holdings, Jupiter Green Inv Trust, Kainos Group , Norish Units, Pembroke Vct, Pembroke Vct B, PHSC, Renishaw, United Carpets Group

Friday September 27

INTERIMS

ADES International Holding (DI) , GAN

INTERIM DIVIDEND PAYMENT DATE

Ascential, Baronsmead Second Venture Trust, Baronsmead Venture Trust, Camellia, Capital Drilling Ltd. (DI), Centamin (DI), CLS Holdings, Elementis, LPA Group, Mincon Group , Polymetal International, Reach, Rights & Issues Inv Trust Income Shares, Rotork, Secure Trust Bank, St James's Place, TI Fluid Systems

QUARTERLY PAYMENT DATE

Diversified Gas & Oil, Premier Global Infrastructure Trust, RM Secured Direct Lending, UIL Limited (DI)

QUARTERLY EX-DIVIDEND DATE

Total SA

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Economic Sentiment Indicator (EU) (10:00)

Industrial Confidence (EU) (10:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

Services Confidence (EU) (10:00)

U. of Michigan Confidence (US) (15:00)

FINALS

Byotrol, CVS Group

AGMS

Bermele, BlockChain Worldwide , Lucky Cement Ltd GDR (Reg S), MediaZest, San Leon Energy, United Carpets Group

UK ECONOMIC ANNOUNCEMENTS

CBI Distributive Trades Surveys (11:00)

FINAL DIVIDEND PAYMENT DATE

Auto Trader Group , Best of the Best, Dixons Carphone , Downing Four VCT DP2011 Gen A Shs, Downing Four VCT DP2011 Str A Shs, DWF Group , First Property Group, Miton UK Microcap Trust, Northgate, Van Elle Holdings

..

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