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Thursday preview: US Q2 GDP, Nvidia results in focus

(Sharecast News) - The market spotlight on Thursday will be on a preliminary reading for second quarter GDP growth in the US. America´s economy is expected to have expanded at a 3.1% quarterly annualised clip over the three months to June.

Also due out are figures for initial weekly jobless claims and pending home sales.

In the euro area, money supply growth data for July will be out at 0800 BST, followed by the European Commission's economic confidence index for August at 0900 BST.

On the corporate side of things, US chip-making giant Nvidia will be in focus.

The company is due to release its second quarter results after the New York close on Wednesday.

They will arrive with shares in the more than $4trn market-cap firm trading just off their record highs.

Management's guidance for the latest quarter was for revenues of $45bn +/-2%, while gross margins are expected to improve to 72%.

As City analyst Michael Hewson notes, incorporated into that guidance were new US restrictions on sales of chips overseas, which were expected to subtract around $8bn from the topline.

Thursday 28 August

INTERIMS

Chesnara, Chesnara, Hunting, Macfarlane Group, PPHE Hotel Group Ltd, PureTech Health , Societatea Energetica Electrica SA GDR (Reg S)

INTERIM DIVIDEND PAYMENT DATE

Aberforth Smaller Companies Trust

INTERIM EX-DIVIDEND DATE

Aviva, Capital Limited (DI), Clarkson, Croda International, Genuit Group, Hostelworld Group , International Personal Finance, JPMorgan American Inv Trust, Newcastle 12 5/8% Perm Int Bearing Shs #1000, Northern Electricity Prf, OSB Group , Pagegroup, Quilter, RHI Magnesita N.V. (DI), Rights & Issues Investment Trust , Savills, Secure Trust Bank, Serco Group

QUARTERLY PAYMENT DATE

Seplat Energy (DI), Tetragon Financial Group Limited

QUARTERLY EX-DIVIDEND DATE

Canadian General Investments Ltd., Diversified Energy Company , Premier Miton Global Renewables Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (09:00)

Consumer Confidence (EU) (10:00)

Continuing Claims (US) (13:30)

Continuing Claims (US) (00:00)

Economic Confidence (EU) (10:00)

Industrial Confidence (EU) (10:00)

Initial Jobless Claims (US) (13:30)

M3 Money Supply (EU) (09:00)

Pending Homes Sales (US) (15:00)

Services Sentiment (EU) (10:00)

Q2

Societatea Energetica Electrica SA GDR (Reg S)

GMS

Deltic Energy , Mid Wynd International Inv Trust, SIG, VH Global Energy Infrastructure

FINALS

South32 Limited (DI)

SPECIAL DIVIDEND PAYMENT DATE

Aberforth Geared Value & Income Trust

SPECIAL EX-DIVIDEND DATE

Canadian General Investments Ltd., Northern Bear

AGMS

Creightons

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

FINAL DIVIDEND PAYMENT DATE

Octopus AIM VCT

FINAL EX-DIVIDEND DATE

Auto Trader Group , Currys , Dr. Martens , Henderson Smaller Companies Inv Trust, Northern Bear, PayPoint, Zigup

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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