What to Expect from the Week Ahead

There may just be enough activity to distract markets from the machinations of Eurozone politicians with a busy week of results and economic data.

Morningstar.co.uk Editors 30 September, 2011 | 9:13PM
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Second quarter GDP figures from the UK are due plus interest rate decisions from the UK and Eurozone. Markets may receive a boost if the Eurozone hints at a reversal of its rate rise from earlier this year.

The week starts with a handful of small cap results on Monday, but hots up on Tuesday with full year results from Wolseley. The share price of the plumbing and heating group has been rising in recent days as stronger economic numbers have emerged from the US, where the group has a large business. Management has been restructuring and cutting costs, and investors will be looking for evidence that this has fed through into profits.

On Wednesday, it’s the turn of retail giants Tesco and Sainsburys. Tesco has its interim results and Sainsburys has a market update. Both will be closely watched for signs that the UK consumer is rolling over. A number of fund managers are expecting Tesco to take a tougher line on some of the underperforming parts of its business, while Sainsburys will be rewarded if it shows any sign of putting a dent in Tesco’s dominance.

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