The coming week brings a new month of July, or the start of H2 for lovers of business lingo, with investors looking out for updates from Sainsbury's, Currys and AO World in the retail sector, along with Persimmon among other FTSE 100 names.
There should also be ample amounts of market-moving macroeconomic data, rising to a crescendo at the end of the week with the US non-farm payrolls.
MONDAY 3 JULY
It’s a new month so as usual the first week brings new economic data, starting on Monday with manufacturing sector updates for the UK and other major economies.
‘Flash’ PMI releases earlier this month showed the UK economy losing momentum, with the manufacturing PMI falling more than expected.
Manufacturing output charges declined fractionally, while total input cost inflation were the softest since February 2021, though prices charged inflation eased only slightly.
Significant announcements on Monday
Interims: Porvair (AIM:PRV) PLC, Wynnstay Group PLC (AIM:WYN)
AGMs: Pacific Assets Trust PLC
Economic announcements: PMI Manufacturing (UK), PMI Manufacturing (US), Construction Spending (US), ISM Manufacturing (US), ISM Prices Paid (US), Auto Sales (US)
TUESDAY 4 JULY
When Sainsbury's updates the market on Tuesday it will continue to do so in the eye of the storm around alleged profiteering and sky-high food inflation.
Amid worries about the fate of Thames Water and calls for re-nationalisation, several water industry chiefs will be facing a parliamentary grilling on Tuesday.
The House of Lords Industry and Regulators committee will continue its follow-up inquiry on the industry, taking evidence from the chief exec and chair of regulator Ofwat, from 4pm, following evidence executive from United Utilities and Wessex Water on potential solutions to reduce water pollution.
Significant announcements on Tuesday
Trading updates: Cairn Homes plc (LSE:CRN), J Sainsbury PLC (LSE:SBRY)
Interims: Kitwave Group Ltd
Finals: ActiveOps PLC (AIM:AOM), Duke Royalty Ltd (AIM:DUKE), Foresight Group Holdings Ltd (LSE:FSG), Mercia Asset Management PLC (AIM:MERC), Solid State PLC (AIM:SOLI), Wandisco PLC (AIM:WAND)
AGMs: Airtel Africa PLC (LSE:AAF), Cairn Homes PLC, Keystone Law Group PLC (AIM:KEYS), Marks & Spencer Group PLC, Strix Group PLC (AIM:KETL)
WEDNESDAY 5 JULY
AO World PLC (LSE:AO.) (AO World PLC (LSE:AO.)) shares saw some profit-taking ahead of full-year results on Wednesday, though that is not too much of a surprise after a 40%-plus bounce since the start of the year.
Cost cutting has been a theme at the online white good retailer, also the large stake recently taken by Mike Ashley’s Frasers Group.
There’s also some potentially important data in the form of the purchasing managers index (PMI) survey for the services sector, including what revelations there are about inflation and jobs.
Significant announcements on Wednesday
Finals: AO World PLC, Redde Northgate PLC (LSE:REDD), Supreme PLC (AIM:SUP)
AGMs: AdvancedAdvT Ltd (LSE:ADVT), Bonhill Group PLC (LSE:BONH), Burford Capital Ltd, Capital Gearing Trust PLC (LSE:CGT), Eneraqua Technologies PLC (AIM:ETP), i(x) Net Zero PLC
Economic announcements: PMI Composite (UK), PMI Services (UK), MBA Mortgage Applications (US), Factory Orders (US), Crude Oil Inventories (US)
THURSDAY 6 JULY
Housebuilder Persimmon PLC (LSE:PSN) releases its first-half trading update on Thursday (6 July) with plenty of nervousness surrounding the sector.
The FTSE 100-listed shares have halved in a year, reflecting worries about the upward turn in interest rates, an end to government support schemes, a dividend cut and expectations of lower profits.
Analysts said an update on recent trading and guidance about the coming half-year will be the important items for investors to watch.
Elsewhere, Currys PLC (LSE:CURY) results are due with management hoping that it’s third time lucky after two upgrades this year have failed to stop the shares’ long-term decline.
Significant announcements on Thursday
Trading updates: Workspace Group PLC (LSE:WKP), Ferrexpo PLC (LSE:FXPO)
Interims: Persimmon, Robert Walters PLC (LSE:RWA)
Finals: Currys PLC, Jet2 PLC (AIM:JET2), Naked Wines PLC (AIM:WINE, OTCQX:NWINF), Paypoint (LSE:PAY) PLC
AGMs: 3i Infrastructure PLC (LSE:3IN), Assura PLC, JPMorgan European Growth & Income PLC, Katoro Gold PLC (AIM:KAT), Land Securities Group PLC (LSE:LAND), Mining Minerals & Metals PLC, Next 15 Group PLC (AIM:NFG), Peel Hunt Ltd (AIM:PEEL), Severn Trent PLC (LSE:SVT), Shires Income plc (LSE:SHRS), Workspace Group PLC, Young & Co's Brewery PLC
Economic announcements: PMI Construction (UK), Balance of Trade (US), Continuing Claims (US), Initial Jobless Claims (US), PMI Composite (US), PMI Services (US), ISM Services (US)
Ex-dividend to reduce FTSE 100 by: 0.72
FRIDAY 7 JULY
There is almost nothing in the City calendar for investors but traders will be eyeing the later US jobs report.
Last month, the NFP showed a very strong rise in jobs numbers of 339,000 and economists expect another strong month.
Wage growth will also be in focus.
Significant announcements on Friday
AGMs: 1Spatial (AIM:SPA) PLC, 3i Infrastructure PLC, Griffin Mining Ltd, GRIT Investment Trust PLC (LSE:GRIT)
Economic announcements: Halifax House Price Index (UK), Non-Farm Payrolls (US), Unemployment Rate (US)