(Sharecast News) - Financial markets on Thursday will be digesting the decision taken overnight by the US central bank to cut interest rates again, even while signalling a possible pause in its policy easing, in what some analysts described as a 'hawkish ease'.
Thursday preview: US data and Royal Dutch Shell in the spotlight
Financial markets on Thursday will be digesting the decision taken overnight by the US central bank to cut interest rates again, even while signalling a possible pause in its policy easing, in what some analysts described as a 'hawkish ease'.
Also due out overnight is the 'official' Chinese manufacturing sector Purchasing Managers' Index for October.
Against that backdrop, a raft of US economic data is set for release, including readings for initial jobless claims, personal income and spending and the regional Chicago factory PMI.
Across the Channel, the focus will be on preliminary CPI data in the euro area covering the month of October.
On home turf, the results of consultancy GfK's consumer confidence survey will be in the spotlight.
For Royal Dutch Shell's third quarter results, analysts at RBC Capital Markets have penciled-in net income of $3.7bn (consensus: $3.9bn) for operating cash flows of $12.5bn before interest payments, alongside capital expenditures of $6.3bn.
Gearing meanwhile is anticipated to be flat quarter-on-quarter at 27.1%.
"Similar to recent quarters, we do not expect the company to alter its path and expect the buyback run rate at around $2.75bn to continue each quarter," they said.
"That said, we think the company needs to show full coverage of the buyback via organic cash flow in order to be rewarded, and so far this coverage has been relatively patchy from quarter to quarter."
Wednesday 30 October
INTERIM DIVIDEND PAYMENT DATE
Essentra, Shore Capital Group Ltd., Smith & Nephew, Trans-Siberian Gold, Xpediator
QUARTERLY PAYMENT DATE
Marble Point Loan Financing Limited NPV
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (10:00)
Consumer Confidence (EU) (10:00)
Crude Oil Inventories (US) (14:30)
Economic Sentiment Indicator (EU) (10:00)
GDP (Preliminary) (US) (12:30)
Industrial Confidence (EU) (10:00)
MBA Mortgage Applications (US) (11:00)
Services Confidence (EU) (10:00)
Unemployment Rate (GER) (08:55)
Smurfit Kappa Group
Leaf Clean Energy Co (DI)
ADES International Holding (DI)
Angle, Ashoka India Equity Investment Trust, Frontier Developments, Goldplat, Hargreaves Services, Ideagen, Pantheon International , Redde, Sensyne Health
UK ECONOMIC ANNOUNCEMENTS
BRC Shop Price Index (00:01)
Nationwide House Price Index (07:00)
FINAL DIVIDEND PAYMENT DATE
Haynes Publishing Group
FINAL EX-DIVIDEND DATE
North Atlantic Smaller Companies Inv Trust