Week ahead: US CPI, earnings season, Tsy's Yellen, Nordstream 1 in focus

All eyes over the coming week will be on US consumer price data for June.

The fresh figures, which will be published on Wednesday, may decide the size of the Federal Reserve's interest rate hike when its policymakers next meet on 26-27 July.

Also of key importance for stock markets around the world, the US second quarter corporate earnings season will get underway in earnest on Thursday, when JP Morgan and Morgan Stanley are due to meet, followed by Citi the next day.

Against that backdrop, US Treasury Secretary, Janet Yellen, is scheduled to embark on a 10-day trip across Asia and is expected to try and build momentum for a scheme to cap the price of Russia's Urals oil exports.

According to Adam Posen at the Peterson Institute for International Economics, Japan will want assurances from Washington that under certain circumstances the Treasury would acquiesce to coordinated intervention in Foreign exchange markets, Bloomberg reported.

Across the Channel meanwhile, the key day this week will be Monday, when Russia will take the Nordstream 1 gas pipeline off-stream for 10 days' maintenance work. Fears are that it will later not be brought back online.

The German ZEW institute's economic confidence index for July, which is due out on Tuesday, will also be closely watched.

As will a speech by European Central Bank boss, Christine Lagarde, on Friday, at the meeting of G-20 finance ministers and central bank governors.

In Asia meanwhile, the coming weekend will bring with it readings for consumer and producer prices in June followed by foreign trade for that same month on Wednesday and a barrage of activity indicators on Friday.

Also on Wednesday, rate-setters in New Zealand and South Korea are due to meet to decide on monetary policy.

Monday 11 July

FINALS

RUA Life Sciences , Sequoia Economic Infrastructure Income Fund Limited

SPECIAL DIVIDEND PAYMENT DATE

Plus500 Ltd (DI)

AGMS

Downing Strategic Micro-Cap Investment Trust Red, National Grid, Water Intelligence

TRADING ANNOUNCEMENTS

MJ Gleeson

FINAL DIVIDEND PAYMENT DATE

3i Infrastructure, Great Portland Estates, Plus500 Ltd (DI)

Tuesday 12 July

QUARTERLY PAYMENT DATE

Duke Royalty Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Current Account (GER) (10:30)

ZEW Survey (EU) - Economic Sentiment (10:00)

ZEW Survey (GER) - Current Situation (10:00)

ZEW Survey (GER) - Economic Sentiment (10:00)

FINALS

Adept Technology Group, Foresight Group Holdings Limited NPV, Purplebricks Group, Sosandar, System1 Group, Totally

AGMS

British Land Company, BSF Enterprise , Burberry Group, Capital Gearing Trust, Kazera Global, Sanderson Design Group, Tinybuild Inc. (DI) (Reg s, CAT 3), Wincanton

UK ECONOMIC ANNOUNCEMENTS

Manufacturing Production (07:00)

Retail Sales (00:01)

FINAL DIVIDEND PAYMENT DATE

Pets at Home Group

Wednesday 13 July

INTERIMS

Getbusy

INTERIM DIVIDEND PAYMENT DATE

Renew Holdings

QUARTERLY PAYMENT DATE

Assura

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (GER) (07:00)

Consumer Price Index (US) (13:30)

Crude Oil Inventories (US) (15:30)

Industrial Production (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Q2

Pagegroup

FINALS

Ilika, Loungers , Renold

AGMS

Asiamet Resources Limited (DI) , Braveheart Investment Group, Esken Limited, LondonMetric Property, MyCelx Technologies Corporation (DI), Steppe Cement Ltd

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

Michelmersh Brick Holdings, Severn Trent

Thursday 14 July

INTERIM EX-DIVIDEND DATE

Character Group, Kitwave Group, Leeds Building Society 13 3/8% Bearing Shares, Schroder UK Mid Cap Fund, Shoe Zone, Unicorn AIM VCT

QUARTERLY PAYMENT DATE

Aberdeen Diversified Income and Growth Trust , XP Power Ltd. (DI), Yamana Gold Inc. NPV (CDI)

QUARTERLY EX-DIVIDEND DATE

BlackRock Latin American Inv Trust, Ediston Property Investment Company, I3 Energy , JPMorgan Asia Growth & Income, JPMorgan Japan Small Cap Growth & Income, Middlefield Canadian Income PCC

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

Producer Price Index (US) (13:30)

FINALS

DSW Capital

SPECIAL EX-DIVIDEND DATE

Gulf Keystone Petroleum Ltd Com Shs (DI), ProVen Growth & Income VCT, ProVen VCT, Schroder European Real Estate Investment Trust, Unicorn AIM VCT

AGMS

BT Group, Dr. Martens , Falcon Oil & Gas Ltd., Great Western Mining Corporation (CDI), Great Western Mining Corporation (CDI), Helical, Mind Gym, Randall & Quilter Investment Holdings (DI), Renewi , RS Group, Templeton Emerging Markets Inv Trust, Triple Point Vct 2011 A, Vietnam Enterprise Investments (DI)

TRADING ANNOUNCEMENTS

Ashmore Group, Experian, Hays, Severn Trent

UK ECONOMIC ANNOUNCEMENTS

RICS Housing Market Survey (00:01)

FINAL DIVIDEND PAYMENT DATE

Bank of Georgia Group

FINAL EX-DIVIDEND DATE

Anpario, Aquila Services Group, CMC Markets, D4T4 Solutions, Elixirr International , FirstGroup, Halma, Marks Electrical Group, MS International, Ninety One , Oxford Instruments, ProVen Growth & Income VCT, ProVen VCT, Sanderson Design Group, Telecom Plus, The Mission Group, Wincanton

Friday 15 July

INTERIM DIVIDEND PAYMENT DATE

AVI Global Trust , Mobeus Income & Growth Vct, Nexus Infrastructure , Topps Tiles, Witan Investment Trust Plc

QUARTERLY PAYMENT DATE

Regional REIT Limited, Scottish Inv Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (EU) (10:00)

Business Inventories (US) (15:00)

Capacity Utilisation (US) (14:15)

Import and Export Price Indices (US) (13:30)

Industrial Production (US) (14:15)

Retail Sales (US) (13:30)

U. of Michigan Confidence (Prelim) (US) (15:00)

Wholesale Price Index (GER) (07:00)

SPECIAL DIVIDEND PAYMENT DATE

NB Distressed Debt Investment Fund Limited Ext Shs, NB Distressed Debt Investment Fund Limited Red Ord, Thinksmart Limited (DI)

AGMS

Aveva Group, DCC (CDI), DP Poland, Griffin Mining Ltd.

TRADING ANNOUNCEMENTS

Burberry Group, Rio Tinto, Rio Tinto

FINAL DIVIDEND PAYMENT DATE

Anglo-Eastern Plantations, Capital Gearing Trust, Downing Strategic Micro-Cap Investment Trust Red, Gulf Keystone Petroleum Ltd Com Shs (DI), Maven Income & Growth VCT, Peel Hunt Limited NPV, Robinson, Sainsbury (J), Shanta Gold Ltd., TBC Bank Group, Worldwide Healthcare Trust