Wednesday preview: Public sector borrowing, Royal Mail Group in focus

Consensus is for the government's borrowing requirements to have ebbed from £23.6bn for May to £21.5bn in June.

No major economic releases are due to published in the euro area or in the US.

Further afield, investors wil be reacting to the latest export figures out of South Korea covering the month of July.

Foreign trade are also scheduled for release in Japan, but for the month of June.

For Royal Mail Group's second quarter update, UBS analyst Cristian Nedelcu has penciled in a 10% delcine in UK parcel volumes over May and June on the back of the reopening of the economy.

He is also anticipating a drop in international parcel volumes.

Parcel mix on the other hand is expected to be positive and tracked "should" outgrow untracked ones, the analyst added.

At GLS meanwhile, year-on-year volume growth was pegged at 5%.

Across the Pond, after the close of markets in New York, video-streaming giant Netflix will update investors on the company's second quarter financial performance.

Wednesday 21 July

INTERIMS

Gresham Technologies, RTC Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

AGMS

Bloomsbury Publishing, Caledonia Investments, Caledonian Trust, Experian, HarbourVest Global Private Equity Limited A Shs, JPMorgan European Discovery Trust, Nichols, Norcros, Open Orphan , PayPoint, QinetiQ Group, Royal Mail, Tatton Asset Management

TRADING ANNOUNCEMENTS

Antofagasta, Close Brothers Group, Euromoney Institutional Investor, Petra Diamonds Ltd.(DI), Royal Mail

UK ECONOMIC ANNOUNCEMENTS

Public Sector Net Borrowing (09:30)