Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Friday preview: UK elections, US non-farm payrolls in focus

(Sharecast News) - Investors' focus at the end of the week would be on the results of the UK elections. According to Lee Hardman at MUFG, Sterling might benefit from a Labour Party victory given its pledge to fiscal orthodoxy.

Indeed, many observers believe that at least in relative terms the UK may prove an oasis of stability when compared to the political gyrations on the other side of the Channel.

Against that backdrop, at 1230 BST the US Department of Labor would release the latest 'all-important' monthly non-farm payrolls figures.

Labor was expected to announced a downshift in the pace of net hiring from the 272,000 person clip observed in May to 190,000 for June.

Average hourly earnings meanwhile were seen growing at a month-on-month pace of 0.3% in June, whilst the rate of unemployment was seen steady at 4.0%.

Ahead of the release of the latest numbers, economists at Oxford Economics cautioned that the payrolls numbers released each June were more uncertain than average due to seasonal adjustment problems around increased hiring in leisure and hospitality, alongside the typical layoffs in state and local governments.

They also said that they would be watching the breadth of any further increases in the rate of unemployment, although a dip was likely in June.

Slower growth in average hourly earnings would also add to evidence that the jobs market was rebalancing, they said.

Friday 05 July

INTERIM DIVIDEND PAYMENT DATE

Associated British Foods, Britvic, Grainger

QUARTERLY PAYMENT DATE

BlackRock Sustainable American Income Trust, TwentyFour Select Monthly Income Fund Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Industrial Production (GER) (07:00)

Non-Farm Payrolls (US) (13:30)

Retail Sales (EU) (10:00)

Unemployment Rate (US) (13:30)

SPECIAL DIVIDEND PAYMENT DATE

Marlowe

AGMS

1Spatial

UK ECONOMIC ANNOUNCEMENTS

Halifax House Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE

Capital Gearing Trust, Computacenter, Essentra, Forterra, Hill and Smith, Judges Scientific, Likewise Group, Marks & Spencer Group, Menhaden Resource Efficiency, Warpaint London , Whitbread, WPP

Share this article

Related Sharecast Articles

ECR Minerals mulls expansion into US helium market
(Sharecast News) - ECR Minerals, an exploration and development company traditionally focused on gold in Australia, announced on Friday that its board was exploring potential investments in producing helium assets in the United States.
Zenova reports solid momentum as interim loss narrows
(Sharecast News) - Fire safety and heat management technology specialist Zenova Group reported significant first-half strides in its interim results on Friday, despite a challenging financial backdrop.
Jefferies lowers target price on Life Science REIT
(Sharecast News) - Jefferies cut its price target on real estate investment trust Life Sciences REIT from 45.0p to 36.0p following a visit to the group's Cambourne Science & Technology Park.
Beowulf reports substantial first-half progress
(Sharecast News) - Mineral explorer and developer Beowulf Mining reported substantial progress across its portfolio in its interim results on Friday, particularly in advancing its key projects at Gállok in Sweden and the Graphite Anode Materials Plant (GAMP) in Finland.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.