Thursday will bring the release of first-half results from Prudential, while in the US, Marvell Technology, Dollar General, Dollar Tree, Best Buy and Hormel Foods are among those slated to release quarterly numbers.
Source: Sharecast
AJ Bell analysts Russ Mould and Danni Hewson said Prudential will release its first-half numbers in the shadow of a shift in the regulatory backdrop in China which is raising concerns about the company’s prospects in that part of the world.
"Reported tighter restrictions and heavier taxation on offshore insurance policies have created fear that the attractions of Hong Kong insurance products for wealthy customers on the Chinese mainland will be reduced," they said. "This is allied to concerns it could indicate a direction of travel towards stricter scrutiny and regulation of offshore investment flows across the board.
"The company will still be expected to put up double-digit profit growth thanks to its exposure to less mature markets, where take-up of insurance and other types of financial products is lower than in the West. This is a key factor behind its pivot east over the last decade or more.
"As well as addressing China-related concerns, management will be scrutinised on their ability to protect margins and deliver continuing expansion in sales."
On the macroeconomic calendar, the German GfK consumer confidence survey for September will be released, along with the latest US initial jobless claims.
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
