Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Wednesday preview: US Federal Reserve, Ceres Power in the spotlight
(Sharecast News) - All eyes on Wednesday will be on the U.S. central bank. Rate-setters in Washington D.C. are widely expected to leave the target range for the Fed funds rate unchanged at 5.25-5.50%.
Bank of America however expects their latest macroeconomic projections to show a shift in favour of a stronger growth and somewhat firmer inflation outlook, alongside unemployment at multi-decade lows.
"If so, it can guide markets to a cutting cycle that begins in June, but the clear risk is it defers cuts," they said in a research note sent to clients.
"The median 2024 dot should still show three cuts, but it is a close call."
Against that backdrop, at 0930 GMT the Office for National Statistics is expected to announce that the year-on-year rate of increase in headline UK consumer prices slowed from 4.0% for January to 3.5% in February.
Across the Channel meanwhile, multiple top officials from the European Central Bank will be taking to the podium, including president Christine Lagarde herself from 0845 GMT.
In the company space, fuel-cell technology specialist Ceres Power will publish its full-year 2023 results.
According to UBS analyst Christopher Leonard, the market focus will be on the engineer's outlook for the next 12 months and whether it implies a new licence partner coming onboard in 2024.
Leonard doesn't expect that to occur until 2024.
The analyst anticipates that Ceres's revenues will reach £44m in 2024, against the consensus on £57.5m.
Earnings per share meanwhile were pegged by Leonard to come in at -19.5p in 2023 and -12.5p in 2024.
Wednesday 20 March
FINALS
Anpario, Ceres Power Holdings, Computacenter, EKF Diagnostics Holdings , Eurocell , Eurocell , FDM Group (Holdings), IQGEO Group, Kenmare Resources (CDI), Prudential
EGMS
MTI Wireless Edge Ltd., MTI Wireless Edge Ltd.
AGMS
BSF Enterprise , MTI Wireless Edge Ltd., MTI Wireless Edge Ltd.
GMS
United Oil & Gas
FINAL DIVIDEND PAYMENT DATE
Virgin Money UK
UK ECONOMIC ANNOUNCEMENTS
Consumer Price Index (07:00)
Producer Price Index (07:00)
Retail Price Index (07:00)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
FOMC decision (19:00)
Crude Oil Inventories (US) (14:30)
MBA Mortgage Applications (US) (11:00)
Producer Price Index (GER) (07:00)
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
