Friday is set to be a pretty quiet day on the corporate front in London as the markets begin to wind down for Christmas. However, there'll be plenty of economic indicators out for investors to digest.
First, the Gfk consumer confidence survey in the UK is expected to decline from -22 to -25 in December, while Germany's forward-looking consumer confidence is expected to stay at 5.9 for January.
Around 09:30 in London will see the release of the final reading of UK third-quarter gross domestic product (GDP) figures. Initial estimates showed that the economy expanded by 1.0% in the three months to the end of September; the final reading is expected to remain unchanged.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Stateside, figures are expected to show that personal income rose by 0.3% in November (0% change in October) and personal spending increased by 0.4% (-0.2% previously).
Meanwhile, the University of Michigan confidence survey is forecast for a slight rise from 74.5 to 75 in December.
INTERIM DIVIDEND PAYMENT DATE
Establishment Inv Trust, Invensys, Investment Company, MS International, Tesco
QUARTERLY PAYMENT DATE
BP, Molex Inc., Molex Inc. 'A' Shares
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Personal Consumption Expenditures (US) (13:30)
Personal Income (US) (13:30)
Personal Spending (US) (13:30)
U. of Michigan Confidence (US) (15:00)
Banco Bilbao Vizcaya Argentaria SA
Berkeley Mineral Resources, Ludgate Environmental Fund Ltd., Mining Investments Resources, Norseman Gold, Nova Resources Limited (DI), Zambeef Products
UK ECONOMIC ANNOUNCEMENTS
Balance of Payments (09:30)
Current Account (09:30)
GDP (quarterly national accounts) (09:30)
GFK Consumer Confidence (00:01)
Index of Services (09:30)
Public Sector Finances (09:30)
FINAL DIVIDEND PAYMENT DATE
CVS Group, Dunelm Group, Hornby, JPMorgan Japanese Inv Trust, Northern Venture Trust, St Ives, Standard Life Equity Income Trust
How much could your cash ISA save you in tax?
Official data reveals ISAs will collectively save us an estimated £6.7 billion in tax this year. We’ve crunched the numbers to find out how much a cash ISA could save you
By Vaishali Varu Published
The 8% pension rule: what is it and is it enough to retire on?
You are probably saving this amount into a pension each month without even realising with the 8% pensions rule. But is what is this and is it enough to give you a comfortable retirement?
By Ruth Emery Published