Wednesday preview: UK CPI, Biden-Xi meetings in the spotlight

(Sharecast News) - Investors' focus in the middle of the week will be split between the UK economy and geopolitics. At 0700 GMT, the Office for National Statistics is expected to announce that the rate of increase in the UK Consumer Price Index dropped from 6.7% for September to 4.8% in October.

That is expected to be the result of a drop in energy prices due to base effects from last year's energy price cap.

Core CPI is expected to slow alongside from 6.1% to 5.7%.

"A further sharp slowdown in headline inflation in October could reinforce the idea that the Bank of England is done when it comes to further rate hikes," said Michael Hewson, chief market analyst at CMC Markets UK.

Against that backdrop, investors will be waiting anxiously on the results of meetings between U.S. President Joe Biden and his Chinese counterpart, Xi Jinping, at the APEC summit in San Francisco.

And overnight China's National Bureau of Statistics is set to publish a barrage of economic activity indicators covering the month of October.

In the States, a trio of economic indicators are all due for release at 1330 GMT, those for industrial production, retail sales and the N.Y. Fed's regional factory index.

Wednesday 15 November

FINALS

Tracsis

INTERIMS

Warehouse Reit, Renold, Intermediate Capital Group, Ninety One, Experian

TRADING ANNOUNCEMENTS

Aviva, Diversified Energy Company

AGMs

Henderson EuroTrust, Alternative Income Reit, Hays, European Opportunities Trust, Synergia Energy Ltd NPV

GMs

Ascent Resources, Zegona Communications, Reach

FINAL DIVIDEND PAYMENT DATE

JPMorgan Mid Cap Inv Trust, Strategic Equity Capital

INTERIM EX-DIVIDEND DATE

Coats Group, Invesco Select Trust Glbl Eqty Inc Shs

Ferguson, Invesco Select Trust UK Equity Shares

QUARTERLY PAYMENT DATE

Marsh & Mclennan Cos Inc.

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Producer Price Index (07:00)

Retail Price Index (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Wholesale Price Index (GER) (07:00)

Balance of Trade (EU) (10:00)

Industrial Production (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Producer Price Index (US) (13:30)

Retail Sales (US) (13:30)

Retail Sales Less Autos (US) (13:30)

Business Inventories (US) (15:00)

Crude Oil Inventories (US) (15:30)