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This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Week in Advance: 25- 29 Jul

Monday 25 Jul

UK Results/Updates: Aberdeen Asset Management, Cranswick, Hammerson, Hiscox, Tungsten, XP Power

EU Results/Updates: Europcar, Julius Baer, Philips, Luxottica, Ryanair

US Results/Updates: Kimberly Clark, Las Vegas Sands, Sprint, Texas Instruments

UK Economic Announcements
11:00    CBI Trends

Intl Economic Announcements
09:00    IFO Business Climate (DE)
15:30    Dallas Fed (US)

Tuesday 26 Jul

UK Results/Updates: BP, Capital & Counties, Croda, Drax, GKN, Games Workshop, Greencore, Jardine Lloyd, Man Group, Provident Financial, PZ Cussons, Sage Group, Segro, Unite, Virgin Money

EU Results/UpdatesGenerali, LVMH, Michelin, Orange, Telecom Italia

US Results/Updates: Chubb, 3M, Andarko Petroleum, Apple, Caterpillar, Eli Lilly, JetBlue Airways, McDonald’s, Reynolds American, Starwood Hotels & Resorts, Twitter, Under Armour, United Tech, Verizon Communications

UK Economic
09:30    BBA Home Loans

Intl Economic Announcements
14:00     S&P/CS House Prices (US)
14:45     PMI Services (US)
15:00     CB Consumer Confidence, New Home Sales, Richmond Fed (US)

Wednesday 27 Jul

UK Results/Updates: Antofagasta, ARM Holdings, Capita, Dignity, FlyBe, GlaxoSmithKline, ITV, Metro Bank, Mitchells & Butlers, Renishaw, Rightmove, Shawbrook, St James’s Place, Taylor Wimpey, Tullow Oil

EU Results/Updates: Accor, Air France-KLM, Airbus, Banco Santander, BASF, Bayer, Capgemini, Christian Dior, Deutsche Bank, Deutsche Boerse, Endeas, Fiat Chrysler, Hochtief, KPN, Moncler, Peugeot, Piaggio, Smurfitt Kappa, Statoil, STMicroelectronics

US Results/Updates: Fiat Chrysler, Garmin, Noble, Amgen, Barrick Gold, Boeing, Coca-Cola, Dr Pepper, Facebook, Goodyear, GoPro, Groupon, Hilton Worldwide, Marriott International, Range Resources, State Street, T-Mobile, Wynn Resorts

UK Economic Announcements
09:30    Prelim GDP, Index of Services  
11:00    CBI Sales

Intl Economic Announcements
02:30   Industrial Profits, Consumer Confidence (CN)
07:00   GfK Consumer Climate, Import Prices (DE)
13:30    Durable Goods Orders (US)
15:00    Pending Home Sales (US)
19:00  Fed Policy Update (US)

Thursday 28 Jul

UK Results/Updates: Anglo American, AstraZeneca, BAE Systems, Bonmarche, British American Tobacco, BT Group, Centrica, Compass Group, Countryside Properties, Countrywide, CYBG, Diageo, Domino’s Pizza, Genel Energy, Inchcape, Informa, INTU Properties, Just Eat, KAZ Minerals, Lloyds Banking, Merlin Entertainments, National Express, RELX, Rentokil, Rexam, Robert Walters, Rolls Royce, Royal Dutch Shell, Schroders, Sky, Smith & Nephew, Sophos, Spectris, Thomas Cook, Vesuvius, Weir Group, Worldwide Healthcare

EU Results/Updates: BNP Paribas, Carrefour, Credit Suisse, Danone, Delhaize, Euronext, L’Oreal, Renault, Repsol, Telefonica, TOTAL, Vinci, Volkswagen

US Results/Updates: Alphabet, Amazon, Baker Hughes, Barrick Gold, Bristol-Myers Squibb, Colgate-Palmolive, ConocoPhillips, Dow Chemical, Expedia, Ford Motor, Harley-Davidson, Marathon Petroleum, MasterCard

Ex-Dividends (The estimated dividend impact on the UK 100 this week is -2.4pts)

UK 100 : SSE, 62.5p
:
Bankers Investment Trust 4p, City of London Investment Trust 4.1p, Investec 11.5p

Intl Economic Announcements
07:00     Retail Sales (DE)
07:45     CPI (FR)
08:55     Unemployment Change (DE)
10:00     Confidence (EZ)
13:30     Unemployment Claims (US

Friday 29 Jul

UK Results/Updates: Aon, Barclays, Berendsen, Equiniti, Essentra, Foxtons, IMI, Indivior, International Consolidated Airlines, Laird, Pearson, Reckitt Benckiser, UBM

EU Results/Updates: Anheuser-Busch InBev, ArcelorMittal, Generali, Banca Monte dei Paschi di Siena, Banco Bilbao, Banco Popular Espanol, Bank of Ireland, CaixaBank, Casino, EDF, ENI, HeidelbergCement, Sanofi, Swiss Re, UBS

US Results/Updates: AbbVie, Chevron, Exxon Mobil, Tyco, UPS, Xerox

UK Economic Announcements
00:05    Nationwide House Prices, Lloyds Business Barometer, GFK Consumer Confidence
09:30    Mortgage Approvals

Intl Economic Announcements
00:00    BoJ Policy Update (JP)
06:30    GDP (FR)
07:00    Retail Sales (DE)
07:45    Consumer Spending (FR)
08:00   CPI, GDP (ES)
10:00    CPI, GDP, Unemployment (EZ)
13:30    GDP (US)
14:45    Chicago PMI (US)
15:00    Consumer Confidence (US)

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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