Tuesday preview: BoE's Carney provides evidence on Inflation Report

25th Nov 2013 14:58

Bank of England (BoE) Governor Mark Carney will on Tuesday give evidence to MPs on the central bank's latest quarterly Inflation Report. In the Inflation Report, released earlier this month, the BoE said that higher borrowing costs would depend on various factors such as the labour market. The bank has vowed to keep its benchmark interest rate at a record low of 0.50% until unemployment reaches at least 7% provided inflation pressures remained subdued. That being said, the Bank has stressed that while unemployment could hit 7% as soon as late 2014, it would not necessarily prompt a rate increase.Carney may provide further clues on the Bank's next move when he presents tomorrow.In the US, consumer confidence figures will be released. The Conference Board's index is forecast to rise to 72.4 in November from 71.2 in October when it declined the most since August 2011 due to the budget impasse and debt ceiling negotiations. On the company front, Britvic will report its full-year results. Panmure Gordon expects the British producer of soft drinks will post a 19% increase in operating profits to £134m and a 27.4% rise in adjusted pre-tax profits to £111.4m.Tuesday November 26thINTERIMSACM Shipping Group, Caledonia Investments, Chamberlin, KCOM Group, Scapa Group, Severn Trent, VPINTERIM DIVIDEND PAYMENT DATEAPR Energy, HuntingINTERNATIONAL ECONOMIC ANNOUNCEMENTSBuilding Permits (US) (13:30)Conference Board Consumer Confidence (US) (15:00)GDP (Preliminary) (US) (13:30)FHFA House Price Index (US) (14:00)S&P Case-Shiller House Price Index (US) (14:00)Housing Starts (US) (13:30)Q3Public Power GDR SA (Reg S), Signet Jewelers Ltd.FINALSBritvic, Cambria Automobiles, Mitchells & Butlers, Sanderson Group, Topps TilesANNUAL REPORTBowLevenAGMSAllocate Software, Base Resources Ltd , JPMorgan Smaller Companies Inv Trust, Range Resources Ltd. (DI), WolseleyFINAL DIVIDEND PAYMENT DATEClose Brothers GroupRD