Wednesday preview: US Q4 GDP, Reckitt Benckiser in focus

27th Feb 2024 09:12

(Sharecast News) - All eyes on Wednesday will be on a revised reading for fourth quarter U.S. gross domestic product growth.

The data will be followed by a string of speeches by top Fed officials, starting from 1700 GMT with Atlanta Fed chief Raphael Bostic.

Earlier, at 1000 GMT, the European Commission will release its economic sentiment index for the single currency bloc covering the month of February.

No major economic releases are scheduled in the U.K..

Overnight, rate-setters in New Zealand will meet to decide on policy.

On the corporate side of things, Reckitt Benckiser will post its full-year figures.

The consumer goods producer is expected to announce a 2.0% rise in revenues to reach £14.75bn, for roughly unchanged earnings before tax and interest of about £3.45bn.

UBS analyst Guillaume Delmas estimated that the company's like-for-like sales would be up by 1.8% over the three months to December.

Sales in the Hygiene division were expected to offset weakness in Nutrition.

Wednesday 28 February

INTERIMS

Avingtrans, Bluefield Solar Income Fund Limited, Grit Real Estate Income Group Limited NPV, Just Eat Takeaway.Com N.V. (CDI)

QUARTERLY EX-DIVIDEND DATE

Canadian General Investments Ltd., Petrotal Corporation NPV (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Crude Oil Inventories (US) (15:30)

Economic Sentiment Indicator (EU) (10:00)

GDP (Preliminary) (US) (13:30)

Industrial Confidence (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

Services Sentiment (EU) (10:00)

GMS

Abrdn Property Income Trust Limited , Jersey Electricity 'A' Shares, Verditek

FINALS

AB Ignitis Grupe GDR (Reg S), Aston Martin Lagonda Global Holdings, Derwent London, Glenveagh Properties (CDI), Harmony Energy Income Trust, London Stock Exchange Group, Primary Health Properties, Reckitt Benckiser Group, RHI Magnesita N.V. (DI), St James's Place, Taylor Wimpey, The Renewables Infrastructure Group Limited

EGMS

Beacon Rise Holdings , PPHE Hotel Group Ltd

AGMS

AB Dynamics, AB Dynamics, AB Dynamics, Image Scan Holdings