Wednesday preview: US Fed decision, UK GDP in the spotlight

The Federal Open Market Committee, its main policy-setting body, was expected to announce a decision to skip a further rate hike.

But investors were keen for insights into policymakers' thinking looking out to the rest of 2023 and even for 2024.

Ahead of the announcement, at 1330 BST the Department of Labor was to publish producer price figures for May.

Consensus was for a dip in inflation at the wholesale level of 0.1% month-on-month.

Against that backdrop, at 0700 BST the Office of National Statistics was expected to release gross domestic product data showing a 0.2% month-on-month pace of expansion for May.

Industrial production was seen edging back by 0.1% after a 0.7% on the month gain during April, construction output was expected to be flat.

In parallel, the trade deficit was seen widening from -£2.9bn to -£3.6bn.

Wednesday 14 June

INTERIMS

Safestore Holdings

INTERIM DIVIDEND PAYMENT DATE

NOTTS.B.S. 7 7/8% PERM INT BEARING SHS

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)

GMS

Toyota Motor Corp.

FINALS

Ashtead Group, Castings, Eckoh, Marks Electrical Group, Motorpoint Group, Severfield

SPECIAL DIVIDEND PAYMENT DATE

Amur Minerals Corporation

AGMS

Abrdn Property Income Trust Limited , abrdn Smaller Companies Income Trust, Andrews Sykes Group, Aquila Energy Efficiency Trust, Aquila European Renewables (GBP), Aurrigo International, Brave Bison Group, Christie Group, Fisher (James) & Sons, Foresight Solar Fund Limited, Iofina, M&C Saatchi, Octopus Titan VCT , Petards Group

TRADING ANNOUNCEMENTS

Frontier Developments

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

Compagnie de St-Gobain SA, TBC Bank Group