It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Friday preview: China GDP, Ashmore in the spotlight

Fri 16 April 2021 08:12 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - The market spotlight will swing back to Asia at the end of the week where a raft of tier one activity indicators will be published.

The National Bureau of Statistics is expected to say that the year-on-year rate of growth in China's gross domestic product accelerated from 6.5% in the final three months of 2020 to 18.3%.

Separate reports on fixed asset investment, retail sales and industrial production however are expected to reveal a modest slowdown in their annual rates of growth during March.

Stateside meanwhile, investors' focus will be on the American consumer.

A preliminary reading on the University of Michigan's consumer confidence index for April is expected to reveal a rise from 84.9 to 88.8.

Across the Channel, euro area finance ministers are scheduled to meet via videolink.

The ongoing work to complete the bloc's Banking Union expected to be one of the main subjects under discussion.

European Union Finance ministers will also meet, to discuss the EU's economic recovery plan, including as regards the economic situation and outlook.

No major economic releases are scheduled in the UK.

UBS's Michael Werner forecasts that Ashmore will announce assets under management of $90.2bn for the third quarter ending in June.

That would represent a 3% dip quarter-on-quarter, but 18% growth year-on-year.

Inflows for the quarter were pegged at $0.2bn, with institutional clients seen putting more money to work offset by retail outflows.

Negative market performance was also expected to be a drag, to the tune of $3.0bn or 3.2% of AuM.

"We think investors should focus on the CEO's outlook with regards to the expectation for flows in the final quarter of its fiscal year."

Friday 16 April

INTERIM DIVIDEND PAYMENT DATE

Brooks Macdonald Group, JPMorgan Emerging Markets Inv Trust, Livermore Investments Group Ltd., National Westminster 9%pf

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Building Permits (US) (13:30)

Consumer Price Index (EU) (10:00)

Housing Starts (US) (13:30)

U. of Michigan Confidence (Prelim) (US) (15:00)

GMS

Dods Group

SPECIAL DIVIDEND PAYMENT DATE

BioPharma Credit

AGMS

Leeds Building Society 13 3/8% Bearing Shares

TRADING ANNOUNCEMENTS

Ashmore Group, Essentra

FINAL DIVIDEND PAYMENT DATE

Maven Income & Growth 3 VCT

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More company news from ShareCast