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Tuesday’s Agenda - Chinese stats, Irn Bru and cruising

Published: 02:10 23 Sep 2014 AEST

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Although the City schedule isn’t the busiest Tuesday may prove to be a big day of trading for London’s natural resource heavy benchmarks.

Economic stats out of China threaten to stir up volatility should they reveal that economic growth in the People’s Republic is stalling.

It was one of the triggers to several blue chip miners giving up ground in Monday’s sessions – with the likes of Rio Tinto, Glencore and BHP Biliton falling between 2% and 4%.

The data in question, the HSBC China Manufacturing PMI measure, is due to be released at 2.45am.

Meanwhile, in terms of corporate news, recently troubled cruise operator Carnival (LON:CCL) has quartely figures out tomorrow, and some believe they’ll beat expectations.

Deutsche Bank today repeated a ‘buy’ recommendation as it anticipates improving demand and cost savings are expected to have helped Carnival achieve better than expected results, analyst Richard Carter said.

“We expect Carnival’s Q3 trading update to come in ahead of market expectations and to demonstrate ongoing price recovery in its Carnival Cruise Lines/Costa brands and building group wide booking volume momentum,” he added.

“However, given its recent history, we understand why management may not want to elaborate further on its revenue enhancing review at this stage, but from where we sit CCL is definitely steering a more positive course.”

Whilst the Irn Bru may have been left on ice following last week’s Scottish independence referendum, investors in soft drinks firm AG Barr will be hoping for something to celebrate in tomorrow’s update.

Also in the diary is asset manager Close Brothers (LON:CBG) and consumer goods firm PZ Cussons (LON:PZC). 

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