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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: 19 – 23 Sept

Monday 19 Sept

UK Results/Updates: Dairy Crest, Hotel Chocolat

Intl Economic Announcements
10:00    Construction Output (EZ)
15:00    NAHB Housing Market Index (US)

Tuesday 20 Sept

UK Results/Updates:  Carnival, Faroe Petroleum, French Connection, Horizon Discovery, KingfisherPennon

US Results/Updates: Adobe, Carnival, FedEx

Intl Economic Announcements
07:00    PPI (GER)
13:30    Housing Starts, Building Permits (US)

Wednesday 21 Sept

UK Results/Updates: Pan African Resources, Saga, Sinclair Pharma

US Results/Updates: Bed Bath & Beyond, General Mills, Red Hat

UK Economic Announcements
12:00    BoE Quarterly Bulletin

Intl Economic Announcements
04:00    Monetary Policy Decision (JP)
15:30    EIA Crude Oil Inventories (US)
19:00    Fed Rate Decision & Policy Update (US)

Thursday 22 Sept

UK Results/Updates: Kier Group, Mitchells & Butlers, President Energy, Gulf Keystone, Hurricane Energy

US Results/Updates: Coca-Cola European Partners, Autozone

Ex-Dividends (The estimated dividend impact on the UK 100 this week is -0.5pts)

UK 100 : Old Mutual 2.7p

: Bovis Homes 15.0p, Crest Nicholson 9.1p, Drax 2.1p, Dignity 7.9p, International Public Partnerships 3.3p, John Laing Infrastructure Fun 3.4p, JRP 1.1p, Ladbrokes 1.0p, Pendragon 0.7p, Petrofac 16.7p, Playtech 9.4p, Redrow 6.0p, Weir 15.0p

UK Economic Announcements
11:00    CBI Industrial Orders

Intl Economic Announcements
09:00    ECB Economic Bulletin (EZ)
13:30    Chicago Fed National Activity, Unemployment (US)
14:00    House Prices Index (US)
15:00    Consumer Confidence (EZ)
15:00    Leading Indicators, Existing Home Sales (US)
16:00    Kansas Fed Manufacturing (US)

Friday 23 Sept

UK Results/Updates: CVS Group

UK Economic Announcements
11:00    CBI Sales 

Intl Economic Announcements
02:00    Manufacturing PMI (JP)
07:45    GDP (FRA)
8-9am   Flash PMI Manufacturing/Services PMI (EZ)
14:45    Manufacturing PMI (US)
18:00    Baker Hughes Rig Count (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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