Wednesday preview: US producer prices, UK GDP in focus

All eyes in the middle of the week will be on the inflation picture in the world's largest economy as the US Department of Labor releases wholesale price data covering the month of September.

Consensus is for a dip in the year-on-year rate of increase in headline producer prices from 8.7% to 8.4%.

Core producer price gains meanwhile are seen steady at 7.3% in annual terms.

The producer price report is scheduled for release at 1330 BST.

Also due out, after the close of London markets, are the minutes of the US central bank's last policy meeting on 20-21 September.

"With overtightening risks intensifying, we will be looking for clues about the evolution of the FOMC's reaction function, specifically the criteria that participants will be using to assess whether to slow the pace of hikes and whether the setting for the funds rate is sufficiently restrictive," said economists at Barclays Research.

On home shores, at 0700 BST the Office for National Statistics will report on gross domestic product growth in August.

Economists have penciled in a month-on-month increase in GDP of 0.1%.

Across the Channel meanwhile, at 1000 BST, Eurostat will report on euro area industrial production for the month of August.

Further afield, in South Korea, overnight rate-setters will meet to decide on interest rates.

Expectations are for a 50 basis point increase to 3.0%.

Wednesday 12 October

INTERIM DIVIDEND PAYMENT DATE

DFI Retail Group Holdings Limited (Bermuda Regd), DFI Retail Group Holdings Limited (Jersey Reg), DFI Retail Group Holdings Limited (Sing.Reg), 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)

QUARTERLY PAYMENT DATE

Assura , Duke Royalty Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Current Account (GER) (10:30)

Industrial Production (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Producer Price Index (US) (13:30)

FINALS

ASOS, Kin and Carta

EGMS

Societatea Energetica Electrica SA GDR (Reg S)

AGMS

Fletcher King

TRADING ANNOUNCEMENTS

Novolipetsk Steel GDS (Reg S), PJSC Magnitogorsk Iron & Steel Works GDR (Reg S)

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (07:00)

Gross Domestic Product (07:00)

Index of Services (07:00)

Industrial Production (07:00)

Manufacturing Production (07:00)

FINAL DIVIDEND PAYMENT DATE

Totally