Wednesday preview: UK CPI, US producer prices in focus

Investors will continue to be fixated on Wednesday on inflation readings due out on both sides of the Pond.

At 0700 BST, the Office for National Statistics is expected to report that the annual rate of inflation in the UK edged up from 10.1% in July to 10.2% for August.

Economists at Barclays Research anticipate a modest positive surprise thanks to so-called negative base effects that will take CPI to down to 9.7%.

At the core level, CPI was seen falling from 6.2% to 5.8%.

Nonetheless, they told clients that upside surprises to services' prices, which the Monetary Policy Committee considered the best gauge for inflationary persistence, would entail greater risks of a 75 basis point rate hike come the September rate meeting.

In the US meanwhile, at 1330 BST the US Department of Labor is expected to say that producer price growth slipped from 9.7% for July to 8.9% in August.

Core producer prices are seen retreating from 7.5% to 7.0%.

Across the Channel, European Central Bank chief economist, Philip Lane, is scheduled to deliver a speech at noon.

Wednesday 14 September

INTERIMS

Advanced Medical Solutions Group, BlackBird, Central Asia Metals, Epwin Group, Glenveagh Properties (CDI), Itaconix , The Artisanal Spirits Company, Tullow Oil

INTERIM DIVIDEND PAYMENT DATE

Fresnillo, Reckitt Benckiser Group

INTERIM EX-DIVIDEND DATE

Melrose Industries

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Industrial Production (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Producer Price Index (US) (13:30)

FINALS

Diurnal Group, Dunelm Group, ITM Power, Redrow

AGMS

Augmentum Fintech, B90 Holdings NPV, Best of the Best, Dev Clever Holdings, Fulcrum Utility Services Ltd. (DI), Grafenia , Hornby, Lansdowne Oil & Gas, Marlowe, Purplebricks Group, Sutton Harbour Group

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Producer Price Index (07:00)

Retail Price Index (07:00)