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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Tuesday preview: Iran-Israel, Fed's Powell, NATO summit in focus

(Sharecast News) - Investors' focus on Tuesday will be on geopolitics and whether or not the halt in fighting between Iran and Israel holds. Also in focus will be the NATO summit taking place in the Netherlands.

Against that backdrop, at 1500 BST the president of the US Federal Reserve, Jerome Powell, will deliver his semi-annual monetary policy report to Congress.

Earlier, at 1400 BST Bank of England Governor, Andrew Bailey, is due to deliver remarks.

At least another four top Fed officials are due to deliver speeches over the course of the afternoon.

Readings on US house prices will be released at 1300 BST.

In Germany, at 0800 BST the Ifo Institute will publish the results of its business confidence survey for the month of June.

On the corporate side of things, support services outfit Bunzl is scheduled to deliver a trading update for the second quarter.

UBS analyst Rory McKenzie said that he was anticipating a 1.5% decline in organic revenues in year-on-year terms due to ongoing product price deflation and volume weakness in North America.

Investors will also be on the lookout for any updated guidance, with the current Visible Alpha consensus for its full-year margins standing at 7.7%.

From a valuation standpoint, the shares were changing hands on 13 times their forward price-to-earnings ratio, against a typical range of 12-18 times.

Tuesday 24 June

FINALS

TPXimpact Holdings, Foresight Environmental Infrastructure Limited, Telecom Plus

INTERIMS

LBG Media

TRADING ANNOUNCEMENTS

SThree

AGMs

Gresham House Energy Storage Fund, Saga, Tandem Group, ICG Enterprise Trust, European Assets Trust, Kooth, Elixirr International, Atalaya Mining Copper, S.A. (CDI), CHAPEL DOWN GROUP, Air China Ltd., Chesterfield Resources, Dar Global, Weiss Korea Opportunity Fund Ltd

FINAL DIVIDEND PAYMENT DATE

Coca-Cola HBC AG (CDI)

INTERIM DIVIDEND PAYMENT DATE

Blackrock Frontiers Investment Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

IFO Business Climate (GER) (09:00)

IFO Expectations (GER) (09:00)

IFO Current Assessment (GER) (09:00)

Current Account (US) (13:30)

House Price Index (US) (14:00)

Consumer Confidence (US) (15:00)

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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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