The week ahead will be quieter for company results, but several FTSE 350 firms, including Kingfisher, Pets at Home, Auto Trader, Softcat, C&C Group, and Hollywood Bowl, are still set to report.
Monday 26 May
Markets will be quiet to start the week, with a bank holiday in the UK and Memorial Day in the US.
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Earnings (Overseas): Meituan
Tuesday 27 May
A mix of corporate updates and key economic indicators are due across major regions.
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Earnings:
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Interims: Greencore Group
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Overseas: AutoZone, Soitec, Xiaomi
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Economic Data:
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UK: BRC Shop Price Index
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EU: Business Climate Indicator, Consumer Confidence
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US: Durable Goods Orders, House Price Index, Consumer Confidence
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Wednesday 28 May
All eyes will be on Kingfisher’s first-quarter update after shares took a hit during its last results, despite a £300 million share buyback.
Later in the day, Nvidia will report, following CEO Jensen Huang’s comments that US chip export controls have had unintended consequences.
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Earnings:
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Trading Updates: Kingfisher, S4 Capital, Softcat
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Finals: C&C Group, Pets at Home Group
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Overseas: HP, Nvidia, Salesforce, Synopsys
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Economic Data:
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Germany: Unemployment Rate
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US: MBA Mortgage Applications, Crude Oil Inventories
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Thursday 29 May
Auto Trader’s final results come on the heels of a strong share price rally since April, although some analysts remain cautious.
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Earnings:
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Trading Update: Atalaya Mining
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Interims: Hollywood Bowl Group
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Finals: Auto Trader Group, Avacta Group, Braemar, Capital Gearing Trust, HarbourVest Global Private Equity, Helios Underwriting
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Overseas: Costco, Dell, Foot Locker, Gap, Marvell, MongoDB, Lululemon, UiPath, Zscaler
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Economic Data:
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US: GDP, Initial Jobless Claims, Pending Home Sales
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Friday 30 May
The week wraps up with more US data and a handful of earnings.
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Earnings (Overseas): Frontline
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Economic Data:
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UK: Nationwide House Price Index
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US: Personal Income, Personal Spending, PCE Index, Chicago PMI
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