There are three big players in the insurance sector set to update the market on Wednesday: Aviva, Old Mutual, RSA Insurance.
Aviva's interim figures got the thumbs-up from the market back in August, when the company said it is on track to deliver £400m of cost and efficiency savings by fiscal 2012. Analysts will be looking for a progress update on the efficiency programme.
Outside of the insurance sector, Anglo-Dutch household goods giant Unilever had a solid first half to the year, with underlying sales up 5.7% year-on-year, but there are concerns about higher input costs.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues free
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Mario Draghi, the new head of the European Central Bank (ECB), has not had a quiet first week on the job, what with Greece sending markets in Europe and beyond into disarray with Prime Minister George Papandreou's plans to put the bail-out package for the country to the vote in Greece.
The former governor of the Bank of Italy will have the task of explaining the European Central Bank's decision on monetary policy, whatever it may be, at a press conference tomorrow afternoon.
Many market observers think the ECB will adopt a "steady as she goes" policy, with a continuation of its bond repurchase initiative. More contentiously, there is a chance that the bank could cut interest rates, switching course after the ECB upped interest rates earlier this year to 1.5% as it fretted about the inflation genie getting out of the bottle.
Those expecting a rate cut seem to be in the minority but those who are predicting a cut seem to think that a half-point adjustment will be the size of it.
INTERIMS
Ashok Leyland Ltd. GDR (Reg S), ASOS, Cable & Wireless Communications, Invensys, Man Group, Shanks Group, Tate & Lyle
INTERIM DIVIDEND PAYMENT DATE
Camellia, Fisher (James) & Sons, TT Electronics, Tullow Oil
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
ECB Interest Rate (EU) (12:45)
Initial Jobless Claims (US) (13:30)
Productivity (US) (13:30)
Continuing Claims (US) (13:30)
Bloomberg Consumer Confidence (US) (14:45)
Factory Orders (US) (14:00)
ISM Non-Manufacturing (US) (14:00)
Q2
Ashok Leyland Ltd. GDR (Reg S)
Q3
Unilever
GMS
Raven Russia Ltd.
FINALS
BowLeven, Noble Investments (UK)
IMSS
Aer Lingus Group, Aviva, Hardy Oil & Gas, Old Mutual, RPS Group, RSA Insurance Group, Spirent Communications, WSP Group
EGMS
Alpha Tiger Property Trust Ltd., OSJC Transcontainer GDR (Reg S)
AGMs
IndigoVision Group, JPMorgan Mid Cap Inv Trust, Kofax, Macau Property Opportunities Fund Ltd., Mytrah Energy Ltd, Pochin's, Redrow, Swallowfield, TEP Exchange Group
UK ECONOMIC ANNOUNCEMENTS
Official Reserves (09:30)
PMI Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Murgitroyd Group
Q1
Kofax
--
jh
What is Rachel Reeves’s plan for growth?
The best cities to live in for quality of life, salary and rent
