Tuesday preview: UK CPI, Bellway in focus

Financial markets' focus on Tuesday will be on the latest UK consumer price figures.

Consensus is for the annual rate of inflation to tick higher by a tenth of a percentage point from 3.2% in August to 3.3% for September.

Economists at Barclays Research on the other hand anticipate a dip to 3.1%, but concede that there are upside risks due to the ongoing supply chain disruptions.

Stateside meanwhile, the lone economic report due out concerns the Department of Commerce's housing starts and permits figures for September.

Across the Channel, all eyes will be on multiple European Central Bank officials who are due to take to the podium, including chief economist Philip Lane, at 1500 BST.

Rate-setters in Hungary are due to meet and expectations are that they will hike their main policy rate from 1.65% to 1.80%.

On the corporate side of things, homebuilder Bellway will release its full-year results.

UBS analyst Gregor Kuglitsch expects that the company will post profits before tax of £533m and earnings per share before one-offs of 350.0p.

In particular, he recommended watching for what the builder had to say on current trading trends and as regards its full-year guidance for 2022.

For his part, the analyst was anticipating 7.7% volume growth and a 3% drop in average selling prices with margins expected to improve to 18% for profit before tax of £579m, versus consensus on £567m.

Tuesday 19 October

INTERIMS

B.P. Marsh & Partners

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Building Permits (US) (13:30)

Housing Starts (US) (13:30)

FINALS

Bellway, Essensys , YouGov

AGMS

Mcbride

TRADING ANNOUNCEMENTS

888 Holdings, BHP Group