Wednesday preview: UK CPÎ, euro area CPI in the spotlight

(Sharecast News) - The market spotlight in the middle of the week will shift back towards the UK and the release of the consumer price report for the month of June. Economists at Bank of America anticipate that the annual rate of increase in the cost of living in the UK will be unchanged in comparison to the previous month's reading at 2.0%.

Core CPI on the other hand is expected to have ticked up by one tenth of a percentage point to 3.6%.

Yet what will most interest investors is the services CPI, where gains are expected to have slowed from 5.7% to 5.6%.

The Office for National Statistics is due to release the data at 0600 BST.

Later, at 1000 BST, Eurostat is seen reporting that euro area consumer prices gained at the same pace in June as in May, by 2.5%.

Stateside, at 1315 BST the Department of Commerce will publish industrial production data for June.

Wednesday 17 July

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Building Permits (US) (13:30)

Capacity Utilisation (US) (14:15)

Crude Oil Inventories (US) (15:30)

Harmonised Index of Consumer Prices (EU) (10:00)

Housing Starts (US) (13:30)

Industrial Production (US) (14:15)

MBA Mortgage Applications (US) (12:00)

FINALS

Cohort, Renold

AGMS

Caledonia Investments, Caledonia Investments, Edinburgh Inv Trust, Edinburgh Inv Trust, HarbourVest Global Private Equity Limited A Shs, Helical, HICL Infrastructure , Pennant International Group

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Producer Price Index (07:00)

Retail Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE

Panther Securities, Severn Trent