Wednesday preview: US CPI, UK GDP in focus

(Sharecast News) - The market spotlight in the middle of the week will be squarely on the latest U.S. consumer price data. Headline consumer price inflation is expected to have picked up from 3.2% in annual terms for the month of July to 3.6% in August due to rising energy quotes.

At the core level on the other hand, consensus is that CPI gains slowed by four tenths of a percentage point to 4.3%.

According to Fed funds futures, the U.S. central bank is likely done with interest rate hikes, but not all economists are yet convinced.

Against that backdrop, at 0700 BST the Office for National Statistics is expected to report that UK gross domestic product flatlined in July in month-on-month terms.

On the other side of the Channel, investors' attention will be on euro area industrial production figures for the month of July.

Wednesday 13 September

INTERIMS

Argentex Group , Brave Bison Group, Central Asia Metals, Tullow Oil

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Budget Statement (US) (19:00)

Consumer Price Index (US) (13:30)

Crude Oil Inventories (US) (15:30)

Industrial Production (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

FINALS

Frontier Developments, Made Tech Group , Pan African Resources, Ricardo

AGMS

BH Macro Ltd. GBP Shares, Castelnau Group Limited, Creightons, Eckoh, Hornby, Marlowe, Worsley Investors Limited NPV

TRADING ANNOUNCEMENTS

On The Beach Group

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (07:00)

Gross Domestic Product (EU) (07:00)

Index of Services (07:00)

Industrial Production (EU) (07:00)

Manufacturing Production (EU) (07:00)

FINAL DIVIDEND PAYMENT DATE

BT Group, Monks Inv Trust