Strictly Necessary and Functional
These cookies are used to deliver our website and content. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds.
Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. These audience insights are used to make our website more relevant.
Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. We use this information to make our site faster, more relevant and improve the navigation for all users.
Pharma & Biotech
Pharma & Biotech
05:30 Fri 23 Dec 2022
Amati Global Investors chief on his musical roots and how his collaborative approach has bred success
The London stock exchange will close for Christmas at 12:30 tomorrow and re-open on Wednesday next week.
US data will be in focus for the hard-hearted or hard workers that haven’t broken up for the holidays yet.
Having seen the Federal Reserve raise rates by another half a percent in the past week, marking a slowdown in the pace of rate rises from the previous 0.75 percentage points, Friday’s core PCE numbers could set a benchmark as to the size of future rate hikes as we head into 2023, says CMC Markets’ Michael Hewson.
Core PCE is the Fed’s preferred inflation measure and thus often receives as much attention as the main CPI figures.
Recent PPI and CPI prints have shown that inflation is still coming down, “albeit not as fast as perhaps the prevailing narrative of the peak inflation camp would like”, he adds.
October’s PCE core deflator fall to 5%, while PCE deflator fell from 6.3% to 6%.
“In light of last week’s Fed decision this week’s PCE numbers could well start to shape a narrative of whether we get another 50bps when the Fed next meets at the start of next year, or whether we get another step down to 25bps,” says Hewson.
AGMs: Parkmead Group PLC, Plexus Holdings PLC (AIM:POS), Wildcat Petroleum (LSE:WCAT) PLC
Economic announcements: Durable Goods Orders (US), Personal Consumption Expenditures (US), Personal Income (US), Personal Spending (US), Consumer Sentiment (US), New Homes Sales (US)
The festive break means a quiet week is due, with no major companies providing updates next week.
Notably, UK house prices and US oil inventories data is set to be released next Thursday.
The US will also provide updates on it’s housing prices on Tuesday.
Economic announcements: House Price Index (US)
Economic announcements: BRC Shop Price Index (UK), Producer Price Inflation (UK), MBA Mortgage Applications (US), Pending Homes Sales (US), Crude Oil Inventories (US)
Economic announcements: Oil Inventories (US), Continuing Claims (US), Initial Jobless Claims (US)
AGMs: ADVFN PLC (AIM:AFN), AMTE Power PLC (AIM:AMTE), Genedrive PLC, Hotel Chocolat Group PLC (AIM:HOTC), Online Blockchain PLC (AIM:OBC), Orchard Funding Group PLC, Petroneft Resources, SkinBioTherapeutics PLC (AIM:SBTX)
Economic announcements: Nationwide House Price Index, Chicago PMI (US)
AGMs: Goldplat PLC (AIM:GDP), Ncondezi Energy Ltd (AIM:NCCL, OTC:NCDZF), Secure Property Development & Investment PLC, Tetragon Financial Group Ltd, Time Out Group PLC (AIM:TMO)
Add related topics to MyProactive
Proactive Investors Australia Pty Ltd ACN 132 787 654 (the Company, we or us) provides you with access to the content set out above, including any news, quotes, information, data, text, reports, ratings, opinions,…
Create your account: sign up and get ahead on news and events
i3 Energy PLC (AIM:I3E, TSX:ITE, OTC:ITEEF) chief executive Majid Shafiq speaks to Proactive following the release of a year-end update from the oil and gas producer. He gives the highlights from the update and looks ahead to what investors can expect from 2023, highlighting what he…
Only registered members can use this feature.
© Proactive Group Holdings Inc, 2022
Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom” is registered in England with the Company Registration number 05639690. Group VAT registration number 872070825. You can contact us here.