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The focus in financial markets in the middle of the week will shift back towards Asia, where official statistics for consumer and factory prices are due out.
Brexit negotiations and the tech slump in the States won’t be far from investors’ minds however.
Also in the US, the Department of Labor will release its JOLTS labour market survey referencing the month of August.
It will be published alongside readings on unemployment in Ireland and Switzerland.
On home shores, the only data due out are the Recruitment and Employment Confederation‘s Staff Salaries and Placements Indices for August.
Tuesday’s market spotlight will fall on Computacenter as the IT services provider releases its first half results, close on the heels of two guidance upgrades since July.
UBS’s Michael Briest attributed the most recent of those, on 2 September, to revenue upside and declining costs related to company travel and entertainment.
The latter typically amounted to £5-6m a month but was now running almost at zero.
Yet he conceded that he had not revised his own estimate for full-year 2020 earnings before interest and taxes of £139m since May. Analysts consensus before Computacenter’s last update on 2 September had been at £151m.
Briest explained that he had harboured concern about weaker demand post mobility restrictions “which have clearly not manifested themselves”.
“The sustainability of these profit levels into 2021 and beyond is now a key question given lower travel expenses have played a part, but if a healthy managed service contract pipeline delivers new wins it will certainly help offset any impact from higher travel expenses next year.”
Wednesday 09 September
INTERIMS
Anpario, Aquis Exchange , Computacenter, EMIS Group, Inspired Energy, Sanne Group, Tullow Oil
QUARTERLY PAYMENT DATE
Unilever
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
MBA Mortgage Applications (US) (12:00)
GMS
PV Crystalox Solar
FINALS
Frontier Developments
ANNUAL REPORT
Baillie Gifford US Growth Trust
AGMS
Aew UK Reit, Bermele, Downing Four VCT DP67 , Mobeus Income & Growth 2 Vct, Petrotal Corporation NPV (DI), SDV 2025 ZDP, Solid State
FINAL EX-DIVIDEND DATE
Meikles Ltd.
