Wednesday preview: US, China CPI in the spotlight

The market spotlight on Wednesday will be firmly on the US and whether consumer price inflation did indeed peak in April as some economists have posited.

America's Bureau of Labor Statistics is expected to report a decline in the annual rate of CPI from 8.5% in March to 8.1% for April.

Core CPI is expected to ebb slightly alongside, from 6.5% to 6.1%.

Michael Hewson, chief market analyst at CMC Markets UK, said the most recent producer price numbers and survey results indicated that "any signs of a peak in headline inflation still seems some way off".

Even so, said Hewson: "This week’s CPI numbers could go some way to determining whether we’ve started to see a pause in inflationary pressures, or whether we get a further lift in inflation expectations".

Figures covering Chinese consumer and factory prices during the same month will also be forthcoming, overnight.

In the euro area, European Central Bank boss, Christine Lagarde, will deliver a speech from 0900 GMT.

A final reading on German consumer price data for April is also due out, before the market open in London.

No major economic releases will be published in the UK.

Wednesday 11 May

INTERIMS

Brewin Dolphin Holdings, Compass Group, Ten Lifestyle Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (13:30)

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

FINALS

Airtel Africa , Anexo Group , Angling Direct , Mirriad Advertising , Vertu Motors

AGMS

Abrdn Asian Income Fund Limited NPV, Antofagasta, Capricorn Energy, Capricorn Energy, Cenkos Securities, Clarkson, Conduit Holdings Limited Com Shs (DI), Harbour Energy , Hostelworld Group , Impact Healthcare Reit , Irish Continental Group Units (Comp) (CDI), Jupiter Fund Management , LungLife AI, Inc (DI) (Reg S), Marshalls, Maven Income & Growth 4 VCT, National Express Group, Rentokil Initial, Savills, Schroder Asian Total Return Investment Company , Spirax-Sarco Engineering, Spire Healthcare Group, Tasty, Tasty, Tclarke , TP Icap Group , Transgloble Energy Corporation NPV (DI), Uniphar (CDI), Windward Ltd. (DI)

TRADING ANNOUNCEMENTS

Conduit Holdings Limited Com Shs (DI), Renishaw, Spirax-Sarco Engineering

UK ECONOMIC ANNOUNCEMENTS

Retail Sales (00:01)

FINAL DIVIDEND PAYMENT DATE

Dairy Farm International Holdings Ltd (Bermuda), Dairy Farm International Holdings Ltd. (Jersey), Dairy Farm International Holdings Ltd. (Singapore), Hongkong Land Holding Ltd. (Bermuda), Hongkong Land Holding Ltd. (Jersey), Hongkong Land Holding Ltd. (Sing.Reg), Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Matheson Holdings Ltd. (Bermuda), Jardine Matheson Holdings Ltd. (Jersey), Smith & Nephew

Q1

Bank of Georgia Group, CableVision Holdings S.A. GDS, Grupo Clarin SA GDR (Reg S)