Week Ahead: New fiscal watchdog reports

11th Jun 2010 09:49

Investors are eagerly waiting for the report by the Office for Budget Responsibility on Monday.The document will examine the assumptions the previous government used for its borrowing and growth projections. The figures will form the basis of the government's Budget decisions on 22 June and the spending review this autumn. The independent fiscal watchdog, headed by former Treasury official and Bank of England policymaker Alan Budd, was created by the new coalition government.Supermarket giants Tesco and Sainsbury bring out trading updates next week. The bosses of both outfits have been in the news recently with Tesco boss Sir Terry Leahy surprising the market with his decision to retire next year while Sainsbury boss Justin King had his remuneration details picked over after it was revealed that he received an £8m pay out last year.Like their supermarket peers Tesco and Sainsbury have been dealing with slowing food price inflation which makes growing like for like sales revenues harder to achieve. Sainsbury boss King said last month that he expects the environment to remain challenging and consumer spending to remain under pressure. If he's correct, those factors will also hold back Tesco, but the UK's leading supermarket chain may get a bit of a lift from sterling's weakness, as much of its revenue is generated overseas these days.Cruise ship operator Carnival is another that should have been boosted by sterling's decline. The company issues a second quarter trading update on Thursday. On the economic front the newly created Office for Budget Responsibility will release its first report on Monday in which it will make baseline forecasts for economic growth, public borrowing and debt on the basis that the policy status quo is maintained.Monday June 14INTERIMSPressure TechnologiesINTERNATIONAL ECONOMIC ANNOUNCEMENTSIndustrial Production (EU) (10:00)Wholesale Price Index (GER) (07:00)Bank of Japan MPC Meeting (JPN)Industrial Production (JPN)GMSBrainspark, D1 Oils, EFG-Hermes Holding GDR (Reg S), Garner, Puricore, StanelcoFINALSMajestic Wine, Plant ImpactANNUAL REPORTBTGIMSSMitie GroupAGMSDana Petroleum, Exillon Energy, Medicsight, Metals Exploration, Mitie Group, New Century AIM VCT 2, Octopus Eclipse VCT 2, Sunplus Technology GDR (Reg S), The Mission Marketing Group, Volga GasUK ECONOMIC ANNOUNCEMENTSNationwide Consumer Confidence Tuesday June 15INTERIMSATH Resources, Datong, Interbulk GroupQUARTERLY PAYMENT DATECanadian General InvestmentsINTERNATIONAL ECONOMIC ANNOUNCEMENTSABC Consumer Confidence (US) (22:00)Balance of Trade (EU) (10:00)Employment (EU) (10:00)Import and Export Price Indices (US) (13:30)Empire State Manufacturing Survey (US) (13:30)NAHB Housing Index (US) (15:00)RBA Interest Rate Minutes (AUS) (00:00)ZEW Survey (EU) (10:00)ZEW Survey (GER) (10:00)Bank of Japan Target RateGMSCDS Oil and GasFINALSByotrol, CML Microsystems, NewRiver Retail Ltd. (Reg S), Oxford Instruments, Record, VictoriaIMSSBellway, Ted Baker, TescoEGMSCeres Agriculture FundAGMSAfrican Eagle Resources, Alexon Group, Beximco Pharmaceuticals GDR (Reg S), BlackRock Smaller Companies Trust, Ceres Agriculture Fund, EMED Mining Public Ld, Fortune Oil, Ideal Shopping Direct, Nationwide Accident Repair Services, Premier Farnell, Ted Baker, The Family Shariah Fund Ltd., The ReThink Group, Uniq, ViCTory VCT, ZincOxUK ECONOMIC ANNOUNCEMENTSConsumer Price Index (09:30)Retail Price Index (09:30)RICS Housing Index (15:00)DCLG UK House Prices (09:30)Wednesday June 16INTERIMSSafestore, ServocaINTERIM DIVIDEND PAYMENT DATEDiplomaINTERIM EX-DIVIDEND DATEIntec Telecom Systems, RWS HoldingsINTERNATIONAL ECONOMIC ANNOUNCEMENTSBuilding Permits (US) (13:30)Capacity Utilisation (US) (16:15)Consumer Price Index (EU) (10:00)Labour Costs (EU) (10:00)Crude Oil Inventories (US) (15:30)Harmonised Index of Consumer Prices (EU) (10:00)Housing Starts (US) (13:30)Industrial Production (US) (16:15)MBA Mortgage Applications (US) (12:00)Producer Price Index (US) (13:30)Tertiary Industry Index (JPN)Bank of Japan Monthly Report (JPN)Machine Tool Orders (JPN)GMSBright Things, Coventry 6.092% Perm Int Bearing SharesFINALSBango, Liontrust Asset Managament, RPC Group, TrifastAGMSAegis Group, Atlas Estates, Biocompatibles International, China Food, Christie Group, Dexion Equity Alternative, Dexion Trading, Ote ADS, Patagonia Gold, Princess Private Equity Holding Ltd., Sport Media Group, State Bank of India GDR (Reg S), Tarsus Group, Vimetco GDR (Reg S)TRADING ANNOUNCEMENTSSainsbury (J)UK ECONOMIC ANNOUNCEMENTSClaimant Count Rate (09:30)RICS Housing Market Survey (09:30)Unemployment Rate (09:30)FINAL DIVIDEND PAYMENT DATECello Group, Centrica, Eurasian Natural Resources, Irish Continental Group Units, LamprellFINAL EX-DIVIDEND DATEAcal, Alliance Pharma, Autoclenz, Brulines, Charles Stanley, China Biodiesel International, China Shoto, Edinburgh Inv Trust, Elektron, Hamworthy, JPMorgan European Fledgling Inv Trust, KCOM Group, Northern 3 VCT, Oxford Technology 3 VCT, Oxford Technology VCT, PayPoint, Prezzo, Severn Trent, Sinosoft Technology, Speedy Hire, Tawa, Tex Holdings, Tribal Group, United Utilities Group, Utilico Emerging Markets Ltd., Value and Income Trust, Walker Crips Group, Workspace GroupThursday June 17INTERIMSCareTech Holding, CarnivalINTERIM DIVIDEND PAYMENT DATEAberdeen Asset Management, Noble InvestmentsINTERNATIONAL ECONOMIC ANNOUNCEMENTSBalance of Payments (US) (13:30)Consumer Price Index(US) (13:30)Continuing Claims (US) (13:30)Current Account (US) (13:30)Initial Jobless Claims (US) (13:30)Leading Indicators (US) (15:00)Philadelphia Fed Index (US) (15:00)ECB Report (EU) (09:00)Construction Output (EC) (10:00)Q4Ashtead GroupGMSArriva, Ondine Biopharma, TEG GroupFINALSAshtead Group, Atkins (WS), Consort MedicalIMSSGame GroupEGMSCazenove Absolute Equity Ltd.AGMSAlea Group Holdings (Bermuda) Limited, DP Property Europe Limited, Faroe Petroleum, Hampden Underwriting, Henderson Private Equity Inv Trust, Heritage Oil, Highland Gold Mining, Immupharma, Kingfisher, Ondine Biopharma, Slingsby H.C, Summit Corporation, Tawa, Toye and Co, Work GroupUK ECONOMIC ANNOUNCEMENTSCBI Industrial Trends Surveys (11:00)Internet Retail Sales (09:30)Retail Sales (09:30)FINAL DIVIDEND PAYMENT DATECryo-Save Group, Derwent LondonFriday June 18INTERIM DIVIDEND PAYMENT DATECarluccio's, Lowland Investment Co., Sage Group, WichfordQUARTERLY PAYMENT DATEM&G Equity Inv Trust Income SharesINTERNATIONAL ECONOMIC ANNOUNCEMENTSProducer Price Index (GER) (07:00)Bank of Japan MPC Minutes (JPN)GMSBglobal, F&C Asset Management, Kalimantan GoldANNUAL REPORTBSS GroupEGMSCDS Oil and Gas, Japan Residential Investment CompanyAGMSAer Lingus Group, British American Inv Trust, Cathay Financial Holding Co. GDR (Reg S), First Artist Corporation, Kalimantan Gold, Narborough Plant, NTT DoCoMo Inc, Rosneft GDRS (Reg S), Shanta Gold, Shin Kong Financial Holdings Co Ld GDR (Reg S) UK ECONOMIC ANNOUNCEMENTSM4 Money Supply (estimate) (09:30)M4 Sterling Lending (estimate) (09:30)Public Sector Finances (09:30)Trends in Lending (09:30)FINAL DIVIDEND PAYMENT DATEAdventis Group, Carillion, Cayenne Trust, Chime Communications, Intertek Group, Kentz Corporation, Kingfisher, Robert Walters, Ted Baker