Friday preview: China CPI, UK GDP in focus

Financial markets' focus at the end of the week will shift to China.

Overnight, the National Bureau of Statistics will publish consumer and factory gate price data for June.

Consensus is for annual CPI inflation to be unchanged from May at 1.3% while producer price gains are seen slowing from 9.0% to 8.7%.

Against that backdrop, at 0700 BST the Office for National Statistics will publish gross domestic product data for May which are expected to show that the UK economy grew by 1.2% month-on-month.

Across the Channel, European Central Bank president Christine Lagarde is due to make three speaking appearances, including at the G20 finance ministers meeting being held in Venice, Italy.

No major economic releases are scheduled in the US.

Friday 09 July

INTERIM DIVIDEND PAYMENT DATE

Associated British Foods, Nexus Infrastructure

QUARTERLY PAYMENT DATE

NB Global Monthly Income Fund Limited Red Ord Shs NPV £

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Wholesales Inventories (US) (15:00)

GMS

Melrose Industries

ANNUAL REPORT

Mountview Estates

EGMS

FastForward Innovations Limited

AGMS

Federal Bank Ltd (The) GDR (REGS), Riverfort Global Opportunities , Sainsbury (J), Scirocco Energy , Subex Ltd GDR (Reg S)

TRADING ANNOUNCEMENTS

MJ Gleeson

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

Camellia, Downing Strategic Micro-Cap Investment Trust Red, Forterra, Hill & Smith Holdings, Judges Scientific, Keystone Law Group , London Security, S&U, Sopheon , WPP