Wednesday preview: US and UK CPI in the spotlight

(Sharecast News) - Wednesday will bring with it the week's key risk event, a reading on the cost of living in the United States. Consensus is that at 1330 BST the Department of Labor will announce that consumer prices rose at a month-on-month pace of 0.2% in December.

That would push the annual rate of increase in headline CPI up by one tenth of a percentage point to 2.8%.

Core CPI on the other hand was seen up by 0.2% on the month and 3.3% year-on-year, with the latter being the same clip as in November.

Also set for release at the same time is the so-called 'Empire State' regional factory index for January.

On home shores, CPI data for December will be released at 0700 BST.

Economists forecast an increase of 0.4% on the month and 2.7% year-on-year.

Across the Channel, French and Spanish CPI figures for December are due out at 0745 BST and 0800 BST, respectively.

Wednesday 15 January

INTERIMS

Frontier Developments

INTERIM DIVIDEND PAYMENT DATE

British Land Company, Helical, VP

QUARTERLY PAYMENT DATE

Assura

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Inventories (US) (15:00)

Consumer Sentiment (US) (13:30)

Crude Oil Inventories (US) (15:30)

Industrial Production (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Wholesale Price Index (GER) (07:00)

FINALS

Victorian Plumbing Group

AGMS

Diploma, Topps Tiles

TRADING ANNOUNCEMENTS

Currys , Fuller Smith & Turner, Hays, Vistry Group

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Producer Price Index (07:00)

Retail Price Index (07:00)