Share Talk Expected Market Updates For The Week Ahead, 12th – 16th June 2023

Investors should anticipate updates from companies such as Shell, Tesco, Ashtead, Bellway, and Halma, while both the Federal Reserve and the European Central Bank are due to make their interest rate decisions.

This week is packed with economic events and data, with a focus on UK wages in anticipation of a Bank of England meeting the following week.

Monday 12 June

The business calendar in London kicks off the week quietly.

Noteworthy announcements are expected on Monday
US earnings: Oracle Corporation (NYSE:ORCL)

AGMs: Aurora Investment Trust Plc (LSE:ARR), Brighton Pier Group (The) PLC, Oxford Nanopore Technologies PLC (LSE:ONT), Round Hill Music Royalty Fund, Staffline Group PLC (AIM:STAF)

Economic announcements: US Budget Statement

Tuesday 13 June

With current struggles in the housing sector due to increasing interest rates, slowing demand, and inflation-induced cost pressures, an update from Bellway could offer some insights.

The FTSE 250 company’s shares have been tumbling following a recent update from a sector peer showing a slowdown in sales as rising mortgage rates deter potential buyers.

In the FTSE 100, figures from Ashtead will be a significant indicator for the health of the US economy, given that around 85% of its sales and 90% of its profits stem from its US-based Sunbelt operation.

Although concerns about a US recession will be a focal point in its report, the plant hire group’s guidance has consistently shown rising sales growth and earnings.

In its most recent update, Ashtead stated it expects to surpass its sales growth target of 18% to 21% for the concluded fiscal year.

In other news, UK employment figures could instigate a mood shift regarding the next interest rate adjustment, potentially influencing the pound and the FTSE 100. Moreover, US inflation figures released later in the day may create major headlines, sparking significant market volatility.

Significant announcements are expected on Tuesday
Trading updates: Bellway PLC (LSE:BWY)

Interims: Atrato Onsite Energy PLC (LSE:ROOF), Driver Group (AIM:DRV) PLC, Hamak Gold Ltd

Finals: B.P Marsh & Partners PLC, Iomart Group PLC, Mind Gym Ltd, Oxford Instruments PLC (AIM:OXIG), Tatton Asset Management PLC (AIM:TAM), Ashtead Group PLC (LSE:AHT), CMC Markets PLC (LSE:CMCX)

AGMs: Animalcare Group (AIM:ANCR) PLC, Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP), Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF), Centrica PLC (LSE:CNA), CEPS plc (AIM:CEPS), Dillistone Group (AIM:DSG) PLC, EJF Investments Ltd (LSE:EJFI), Elixirr International PLC (AIM:ELIX), Flowtech Fluidpower (AIM:FLO) PLC, Frenkel Topping Group (AIM:FEN) PLC, Great Western Mining Corp, Plant Health Care PLC (AIM:PHC, OTCQB:PLHCF), Pod Point Group Holdings PLC (LSE:PODP), Sound Energy PLC (AIM:SOU), Zinnwald Lithium PLC (LSE:ZNWD, OTC:ZNWLF)

Economic announcements: UK Claimant Count Rate, UK Unemployment Rate, US Consumer Price Index

Wednesday 14 June

The key event this week is the US Federal Reserve’s decision due late on Wednesday.

For those invested in UK equities, a handful of small-cap announcements are on the agenda, with the most significant corporate news likely coming from Shell PLC’s (LSE:SHEL, NYSE:SHEL) capital markets day.

During this event, the company will outline how it plans to align its environmental goals with the substantial profits currently being made from its oil and gas ventures. This is amid criticism for stalling, although analysts expect management will pledge to distribute more cash to shareholders.

Noteworthy announcements are expected on Wednesday
Interims: Safestore Holdings (LSE:SAFE)

Finals: Castings PLC (LSE:CGS), Eckoh PLC (AIM:ECK, OTC:EKTPF), Marks Electrical Group PLC (AIM:MRK), Mind Gym Ltd, Motorpoint PLC, Severfield PLC

AGMs: Abrdn Property Income Trust Ltd, Abrdn Smaller Companies Income Trust PLC, Andrews Sykes Group (AIM:ASY) PLC, Aquila Energy Efficiency Trust PLC (AIM:AEET), Aquila European Renewables PLC, Aurrigo International PLC (AIM:AURR), Brave Bison (AIM:BBSN) Grou PLC, Christie Group, Foresight Solar Fund Ltd (LSE:FSFL), Iofina PLC (AIM:IOF, OTC:IOFNF), James Fisher & Sons PLC (LSE:FSJ), M&C Saatchi Group, Octopus Titan VCT PLC, Petards Group PLC (AIM:PEG)

Economic announcements: US Federal Reserve policy decision, UK Balance of Trade, UK Gross Domestic Product, UK Index of Services, UK Industrial Production, UK Manufacturing Production, US MBA Mortgage Applications, US Producer Price Index, US Crude Oil Inventories

Thursday 15 June

Thursday brings attention to some of London’s less high-profile stocks, such as health and safety specialist Halma PLC (LSE:HLMA), shower trays manufacturer Norcros, and Bunzl, a distributor of packaging, hygiene, and personal protection equipment.

For FTSE 100 member Halma, it will be the first annual results announcement under its new leadership, whose main challenge from investors is to maintain the company’s impressive dividend history.

Significant announcements expected on Thursday
Trading updates: Fuller Smith & Turner PLC (AIM:FSTA), Bunzl PLC (LSE:BNZL)

Finals: Halfords Group PLC (LSE:HFD), Halma PLC, JLEN Environmental Assets (LSE:JLEN) Group Ltd, Lords Group Trading PLC (AIM:LORD), Molten Ventures PLC (LSE:GROW), Norcros PLC (LSE:NXR), Syncona Ltd

US earnings: Adobe Inc

AGMs: Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ), Anexo Group PLC (AIM:ANX), ASA International (LSE:ASAI) Group PLC, Baillie Gifford China Growth Trust PLC (LSE:BGCG), Directa Plus PLC (AIM:DCTA, OTC:DTPKF), Everyman Media Group PLC (AIM:EMAN), Flowtech Fluidpower PLC, Informa PLC (LSE:INF), Inspecs Group PLC, IP Group PLC (LSE:IPO), LBG Media Ltd, M&G Credit Income Investment Trust (LSE:MGCI) PLC, NB Private Equity Partners Ltd, Novacyt Group, Parity Group, Pollen Street PLC (LSE:POLN), Shaftesbury Capital PLC, Slingsby (H C) PLC, Southern Energy Corp (TSX-V:SOU, AIM:SOUC, OTC:MAXMD)

Economic announcements: US Continuing Claims, US Empire State Manufacturing, US Import and Export Price Indices, US Initial Jobless Claims, US Philadelphia Fed Index, US Retail Sales, US Retail Sales Less Autos, US Capacity Utilization, US Industrial Production, US Business Inventories

Ex-dividends to reduce FTSE 100 by: 0.60

Friday 16 June

On Friday, Tesco, the UK’s largest supermarket, will release its Q1 trading update. Investors will be keen to see how the grocery giant has been coping with the rising costs and supply chain issues that have been affecting the sector.

Moreover, the day’s economic calendar will feature key data releases like the US Michigan Consumer Sentiment and the UK Public Sector Net Borrowing.

Significant announcements expected on Friday
Trading updates: Tesco PLC (LSE:TSCO)

Finals: Record PLC (LSE:REC)

AGMs: Alpha Financial Markets Consulting (AIM:AFM), BlackRock Smaller Companies Trust PLC (LSE:BRSC), Cell Impact AB (STO:CI-B), Fireangel Safety Technology Group PLC (AIM:FA.), Foresight Solar & Infrastructure VCT PLC, GYG PLC (AIM:GYG), International Consolidated Airlines Group SA (LSE:IAG), Oxford Biodynamics PLC (AIM:OBD), Rosslyn Data Technologies PLC (AIM:RDT)

Economic announcements: US Michigan Consumer Sentiment, UK Public Sector Net Borrowing.

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