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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: BoJ, ABF in the spotlight

(Sharecast News) - Tuesday's market spotlight will be on the Bank of Japan.

Rate-setters in Tokyo are widely expected to stay put on policy, with the latest economic data "lending support to the idea that there is no rush to raise rates out of negative territory," said Michael Hewson, chief market analyst at CMC Markets UK.

In the U.S. meanwhile, investors would likely be focused on the televised debate in New Hampshire between the two remaining candidates to the Republican presidential nomination.

Also due out were preliminary results for manufacturing and services sector purchasing managers' surveys for the euro area, UK, and U.S. covering the month of January.

On the corporate agenda, Associated British Foods is scheduled to publish its first quarter results.

The Primark owner's shares had lost some momentum over the preceding few weeks, Hewson noted, amid worries that much of the good news might already be discounted in its price.

At the time of its full-year numbers, in November, ABF guided towards an increase in operating margins to over 10% in 2024 as inflation eased.

That was in conjunction to the announcement of a further £500m and a special dividend of 12.7p per share.

Tuesday 22 January

FINALS

Crest Nicholson Holdings, Watkin Jones

EGMS

SDIC Power Holdings Co.,Ltd GDR (Reg S)

AGMS

C4X Discovery Holdings , Goldplat, Marston's, Mitchells & Butlers

TRADING ANNOUNCEMENTS

Associated British Foods, Premier Foods

UK ECONOMIC ANNOUNCEMENTS

Public Sector Net Borrowing (07:00)

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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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