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.

Wednesday preview: Spring Budget, Fed's Powell in focus

(Sharecast News) - The market spotlight in the middle of the week will be on the Chancellor as he delivers the Spring Budget. Neil Wilson, chief market analyst at Finalto, said: "I would think this is going to be more about pre-election giveaways to woo middle and working class England - personal tax cuts are welcome but probably won't do much for the FTSE."

Nonetheless, fresh forecasts for borrowing and tax cuts could affect gilts and sterling, Wilson added.

The Budget will be followed at 1500 GMT by Federal Reserve president Jerome Powell's, who will deliver his semi-annual testimony before Congress.

Market commentary ahead of his speech suggests that he is expected to reinforce the message that the central bank is in no rush to relax policy.

In parallel, the Department of Labor will publish the results of its closely-followed survey of job openings and quits in the U.S..

To the north, in Canada, rate-setters in Ottawa will announce their policy decision at 1445 GMT.

Across the Channel, at 0700 GMT Germany's Federal Office of Statistics will release foreign trade numbers for January.

A reading on euro area retail sales will follow at 1000 GMT.

Wednesday 6 March

FINALS

Greencoat Renewables (CDI), Quilter, Ibstock, Rathbones Group, Lancashire Holdings Limited, Spirent Communications, Legal & General Group, Nichols, Convatec Group, Tullow Oil, CLS Holdings, Oxford Nanopore Technologies, Breedon Group

INTERIMS

Galliford Try, Netcall, Ricardo

TRADING ANNOUNCEMENTS

Smith (DS)

AGMs

Mila Resources, Paragon Banking Group

FINAL DIVIDEND PAYMENT DATE

AB Dynamics

QUARTERLY EX-DIVIDEND DATE

Tetragon Financial Group Limited

UK ECONOMIC ANNOUNCEMENTS

PMI Construction (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Import Price Index (GER) (07:00)

Retail Sales (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Wholesales Inventories (US) (15:00)

Crude Oil Inventories (US) (15:30)

Share this article

Related Sharecast Articles

Kefi shares pop on official launch of Tulu Kapi
(Sharecast News) - Kefi Gold and Copper officially launched the Tulu Kapi Gold Mines (TKGM) project in Ethiopia on Monday.
Sajid Javid reportedly in talks to join Shein ahead of London IPO
(Sharecast News) - Singapore-based fast fashion retailer Shein has reportedly approached the former chancellor Sajid Javid about joining the company ahead of its rumoured listing on the London Stock Exchange.
Bradda Head reaches settlement over fraudulent payment
(Sharecast News) - North America-focussed lithium developer Bradda Head announced on Monday that it has reached a settlement agreement over the fraudulent payment initially reported on 29 March 2022.
SDI Group set to end year in line with forecasts
(Sharecast News) - Scientific digital imaging, sensing and control technology company SDI Group said in a trading update on Monday that, pending its final accounts and audit, it expected to report revenue of £65.9m for the year, in line with current market expectations, but slightly down from £67.6m in 2023.

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.