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Tuesday preview: All eyes on Chinese president Xi's speech at Boao Forum

All eyes will be on Chinese president Xi Jinping and whether he in fact announces or signals any substantive change to how much market access foreign firms operating in the country are allowed.
A fair bit of market commentary appears to point to the belief that in his speech on Tuesday at Boao, on the Chinese island of Hainan, he might indeed go beyond vague promises and announce specific measures designed to open up China's internal market.

Against that backdrop, and the possible response from the US and from around the world later in the session, markets will also be waiting on the possible release of data on credit and money supply growth in the Asian giant for the month of March.

One initiative which many observers expected to be announced was the creation of new free trade areas along China's coast, possibly including Hainan, where Beijing is busy building up its military infrastructure as its jockeys with the US and neighbouring countries for influence in the South China Sea and tries to establish a claim on the natural resources that lie there.

Industrial production figures out of France and Italy referencing the month of February may also be a 'talking point' in Tuesday's session should they undershoot forecasts, given other recent weaker-than-expected readings on the euro area economy.

Later in the evening, Stateside, figures on factory gate prices for March, at 1330 BST, will also draw some attention.

On a related note, on Monday morning Fabio Fois and Philipe Gudin at Barclays Research told clients: "Recent economic and political developments point to downside risks surrounding our projected baseline for the euro area, but it is too early to take a strong view.

"However, we believe there is limited room from here before softening indications from business surveys and inflation become the main narrative."

Meanwhile, and on the company side of things, Card Factory is set to update investors on its full-year 2017 performance, with the markets' focus likely to be on the company's ability to drive growth in its core card business, including its ability to keep opening roughly 50 stores a year, said analysts at UBS.

Tuesday April 10

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Producer Price Index (US) (13:30)
Wholesales Inventories (US) (15:00)

GMS

Gulfsands Petroleum

FINALS

Belvoir Lettings, Boku, Inc (DI) Reg S, Card Factory, Eddie Stobart Logistics , Hostelworld Group , Hydrogen Group, LiDCO Group, M. P. Evans Group, Mission Marketing Group, Property Franchise Group, Serica Energy

INTERIMS

Nanoco Group

TRADING ANNOUNCEMENTS

Dialight, Robert Walters

IMSS

Robert Walters

EGMS

Plus500 Ltd (DI)

AGMS

Bank Audi S.A.L. GDR (Repr 1'Com'Shr Lbp1650)(Reg S), GETECH Group

INTERIM DIVIDEND PAYMENT DATE

Hansard Global, Joules Group



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