The Week Ahead: UK GDP; Cisco, Disney, ITV Results
CMC Markets | Nov 08, 2020 06:36
Watch our week ahead video preview, read our pick of the top stories to look out for this week (7-13 November), and view our key company earnings schedule.
Michael looks back on a tumultuous week, covering the post US election fallout, rebound in equity markets and slide in the US dollar. He also looks ahead to the latest UK Q3 GDP, and unemployment numbers from the UK. He also previews the latest China trade numbers, German ZEW, as well as the latest results from Persimmon (LON:PSN), Wetherspoon and ITV (LON:ITV). He also looks at the key levels on the S&P 500, Nasdaq, FTSE 100, DAX and all the currency majors including EUR/GBP, EUR/USD and GBP/USD and USD/CNH.
h2 China trade balance (October)/h2Saturday: China’s trade data for September showed a big improvement in both exports and imports, suggesting that after a tentative summer the Chinese economy is finally getting up off the canvas. The September export data showed an increase of 9.9%, with strong demand for medical PPE once again boosting the numbers. What had been more concerning, and had been for some time, was the weakness of the imports data, which had shown little sign of a significant pickup until August. This appears to have finally changed, as imports for September surged to their best levels this year, rising 13.2%, only the second positive reading since 2019. This was the biggest rise since the end of last year when imports rose 16.3%, as automakers and large manufacturers started to return to normal levels of production. As we look ahead to the latest October numbers, investors will be hoping that this trend has continued, which recent PMI data appears to suggest has been the case. Imports are expected to slip back a touch to 8.6%, with exports remaining steady at 9.2%.
h2 See this week's index dividend schedule h2 Selected UK & US company announcements/h2| Monday 9 November | Results |
| Beyond Meat (US) | Q3 |
| Clear Channel (US) | Q3 |
| Invesco (US) | Q3 |
| McDonald's (US) | Q3 |
| Nikola (US) | Q3 |
| Workforce (US) | Q3 |
| Tuesday 10 November | Results |
| Bentley Systems (US) | Q3 |
| Lyft (NASDAQ:LYFT) (US) | Q3 |
| Model N (US) | Q4 |
| Persimmon (UK) | Q3 |
| Premier Foods (UK) | Half-year |
| Wednesday 11 November | Results |
| Fossil (US) | Q3 |
| JD Wetherspoon (UK) | Q1 |
| MasterCraft (US) | Q1 |
| Vertex (NASDAQ:VRTX) (US) | Q3 |
| Vroom (US) | Q3 |
| Workspace (UK) | Half-year |
| Thursday 12 November | Results |
| Beazer Homes (US) | Q4 |
| Burberry (UK) | Half-year |
| Cisco Systems (US) | Q1 |
| Energizer (US) | Q4 |
| FarFetch (UK) | Q3 |
| ITV (UK) | Q3 |
| National Grid (LON:NG) (UK) | Q3 |
| Palantir (US) | Q3 |
| Samsonite (US) | Q3 |
| Walt Disney (NYSE:DIS) (US) | Q3 |
| WH Smith (LON:SMWH) (UK) | Full-year |
| Friday 13 November | Results |
| Castings (UK) | Half-year |
| DraftKings (US) | Q3 |
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Company announcements are subject to change. All the events listed above were correct at the time of writing.
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