{"id":110944,"title":"Share Talk Expected Market Updates For The Week Ahead, 6th – 10th November 2023","publisher":"Share Talk","author":"sharetalk","published":"2023-11-05T10:24:25+00:00","modified":"2023-11-18T12:18:25+00:00","canonical_url":"https://www.share-talk.com/share-talk-expected-market-updates-for-the-week-ahead-6th-10th-november-2023/","markdown_url":"https://www.share-talk.com/share-talk-expected-market-updates-for-the-week-ahead-6th-10th-november-2023.md","json_url":"https://www.share-talk.com/share-talk-expected-market-updates-for-the-week-ahead-6th-10th-november-2023.json","category":"Blogs","categories":["Blogs","Weekly Digest"],"tags":["AB Foods","AstraZeneca","Disney+","EU","Illumina","ITV","Lucid","M&S","Primark","Rivian Automotive","Uber","UK","US","Wizz Air"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/LONDON-10_11_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"In the upcoming week, London’s business scene remains abuzz, with major announcements expected from AstraZeneca, ITV, M&S, Primark’s parent company AB Foods, and Wizz Air, among others.\n\nState-side, heavy hitters like Disney and Illumina are poised to release their financial results. They’re joined by automotive industry players Uber, Rivian Automotive, and Lucid, as well as the much-watched AMC Entertainment from the world of meme stocks.\n\nAfter a week dense with central bank activity, the upcoming days are anticipated to be less eventful on the macroeconomic front. Nevertheless, the flow of economic and political discourse could be stirred by additional leaks from Downing Street as the Chancellor’s autumn statement draws near.\n\n**Monday, November 6** A slow start to the week, with the event calendar picking up pace later on.\n\nScheduled reports include:\n\nInterim results: Kosmos Energy Ltd (LSE:KOS, NYSE:KOS)\n\nUS earnings disclosures: Activision Blizzard Inc (NASDAQ:ATVI)\n\nAnnual General Meetings: Plaza Centers NV\n\nEconomic data releases: PMI Construction (UK), Consumer Credit (US)\n\n**Tuesday, November 7** Look ahead for company insights:\n\nFor Associated British Foods PLC (LSE:ABF), the spotlight will be on Primark’s performance and updates following its £500 million share repurchase along with guidance for the upcoming year.\n\nDirect Line Insurance Group PLC (LSE:DLG) is set to confirm whether it’s riding the wave of improving market conditions as seen by its contemporaries, while also providing reassurance about its financial health.\n\nAmidst challenging times for the European luxury market, Watches of Switzerland Group PLC (LSE:WOSG) will present its results.\n\nPersimmon PLC (LSE:PSN), along with other housebuilders, will share updates, marking the first since the Bank of England’s decision to put a hold on interest rate increases for the second time.\n\n**Additional reports due:**\n\nTrading updates from Beazley PLC (LSE:BEZ), Hilton Food Group PLC (LSE:HFG), IWG PLC (LSE:IWG), Luceco PLC (LSE:LUCE)\n\nInterims from 3i Infrastructure PLC (LSE:3IN)\n\nFinal results from Associated British Foods PLC (LSE:ABF), dotDigital Group PLC\n\nUS earnings from Viatris Inc, Gilead Sciences, Lucid Group Inc (NASDAQ:LCID), Occidental Petroleum, Rivian Automotive Inc (NASDAQ:RIVN), Uber Technologies Inc (NYSE:UBER)\n\nAGMs for Murray Income Trust plc (LSE:MUT), Time Finance\n\nEconomic data on Retail Sales (UK), Halifax House Price Index (UK)\n\n**Wednesday, November 8** Upcoming company highlights:\n\nThe trading update from ITV PLC (LSE:ITV) will have investors scanning for news on advertising revenues, particularly in light of recent profit warnings from large advertising firms like WPP and Publicis.\n\nShareholders of Marks and Spencer Group PLC (LSE:MKS) are anticipating updates with high hopes following an encouraging trading statement in August that hinted at a robust outlook for the fiscal year.\n\nJD Wetherspoon PLC (LSE:JDW), the well-known budget pub chain, is slated to share more details after reporting its first profit post-pandemic onset, with an emphasis on expenses, environmental factors, and commentary from the ever-vocal chairman Tim Martin.\n\nLater in the U.S., expectations are set for The Walt Disney Co (NYSE:DIS) to post increased revenues and earnings per share for its fourth quarter, amidst a previously reported unexpected decline in Disney+ subscriber numbers.\n\nCinema chain AMC Entertainment Holdings (NYSE:AMC) will also release earnings, following positive buzz around Taylor Swift and Beyoncé’s recent tour films, although these releases did not align with the reporting quarter.\n\n**Additional reports scheduled:**\n\nTrading updates: Secure Trust Bank PLC (LSE:STB)\n\nInterims: Creston PLC, Maxcyte Inc\n\nFinal results: Smiths News PLC (LSE:SNWS), Time Out Group PLC (AIM:TMO)\n\nUS earnings: Roblox Corp (NYSE:RBLX), Jackson Financial Inc, The Trade Desk Inc, Twilio Inc (NYSE:TWLO), Unity Software Inc (NYSE:U), The Walt Disney Company (NYSE:DIS), Take-Two Interactive Software Inc (NASDAQ:TTWO), AMC Entertainment Inc\n\nEconomic data releases: MBA Mortgage Applications (US), Wholesale Inventories (US), Crude Oil Inventories (US)\n\n**Thursday, November 9** Looking ahead at company reports:\n\nAstraZeneca PLC (LSE:AZN) approaches its quarterly update with shares down 15% from spring’s peak, when it momentarily surpassed Shell in the FTSE 100 rankings.\n\nWizz Air Holdings PLC (AIM:WIZZ) faces its interim report amid heightened volatility, with concerns over regional conflicts and potential issues with Pratt & Whitney engines affecting some of its Airbus fleet.\n\nFlutter Entertainment PLC (LSE:FLTR) is poised to report its figures following its competitor Entain’s update, aiming to share positive news while sidestepping any setbacks.\n\nNational Grid PLC (LSE:NG.) investors are looking forward to progress on the company’s shift from gas to electricity infrastructure.\n\nB&M European Value Retail SA (LSE:BME) is set to discuss its mid-term results and likely expand on its recent acquisition of a selection of Wilko stores.\n\n**Other reports to watch:**\n\nTrading updates: Apax Global Alpha Ltd, AstraZeneca PLC (LSE:AZN), Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF), Indivior PLC (LSE:INDV), Flutter Entertainment PLC (LSE:FLTR), Lancashire Holdings, S4 Capital PLC (LSE:SFOR), Taylor Wimpey PLC (LSE:TW.), Domino’s Pizza Group PLC\n\nInterims: 3i Group PLC (LSE:III), Auto Trader Group PLC (LSE:AUTO), Cropper (James) PLC, National Grid PLC (LSE:NG.), Urban Logistics REIT PLC (AIM:SHED), Wincanton PLC (LSE:WIN, OTC:WNCNF), Wizz Air Holdings PLC (AIM:WIZZ), B&M European Value Retail SA (LSE:BME)\n\nFinals: WH Smith PLC (LSE:SMWH)\n\nUS earnings: Fiverr International Ltd, Illumina Inc (NASDAQ:ILMN)\n\nAGMs: Libertine Holdings PLC (AIM:LIB), UIL Ltd\n\nEconomic data releases: RICS Housing Market Survey (UK), Continuing Claims (US), Initial Jobless Claims (US)\n\nFTSE 100 to see reductions due to ex-dividends: 10.56 points\n\n**Friday, November 10** Upcoming company insights:\n\nRedrow PLC, another player in the week’s series of housebuilder updates, is expected to report a softer reservation rate amid rising interest rates. Analysts and investors will be eager for information on sales, pricing trends, and cost developments.\n\nPeel Hunt analysts have hinted at an optimistic AGM update from Galliford Try Holdings PLC (LSE:GFRD), reinforcing the positive trajectory noted in the September results.\n\nMacro-economic update:\n\nUK GDP figures are anticipated to reflect a significant deceleration in economic activity due to the compounded effects of higher interest rates and inflationary pressures.\n\nFollowing marginal growth in the first two quarters, the third quarter is expected to stall or possibly shrink slightly.\n\nNovo Nordisk (NYSE:NVO) is poised to make headlines on Saturday at the AHA conference in Philadelphia with detailed findings from the SELECT study on its weight loss injection, Wegovy/Ozempic, which has the market forecasting potentially revolutionary sales and a dramatic shift in obesity treatment and related healthcare demand.\n\n**Other announcements to track:**\n\nTrading updates: Allianz Technology Trust PLC (LSE:ATT)\n\nInterims: Castings PLC (LSE:CGS), Wheaton Precious Metals Corporation\n\nAGMs: DFS Furniture PLC (LSE:DFS), Minoan Group PLC (AIM:MIN), Quartix Technologies PLC (AIM:QTX)\n\nEconomic data releases: Balance of Trade (UK), Gross Domestic Product (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK), University of Michigan Confidence (Preliminary) (US)"}