Thursday preview: US CPI, Fedspeak in focus
The market spotlight on Thursday will be on US consumer prices for the month of June and a full slate of speeches from top Federal Reserve officials.
At the headline level, the year-on-year rate of CPI inflation is expected to soften from 1.8% for May to 1.6% in June, although at the so-called 'core' level, prices are expected to rise by 1.6%, the same as in the month before.
Several top Federal Reserve officials are also expected to take to the podium, including chairman Jerome Powell himself, who will deliver the second part of his testimony, before the Senate Banking Committee.
However, it would be extremely atypical for his responses to lawmakers' questions to differ substantively to those provided during the prior session to the House Financial Services Committee.
Thursday July 11
INTERIM EX-DIVIDEND DATE
Character Group, Safestore Holdings, Schroder UK Mid Cap Fund, WH Smith
QUARTERLY PAYMENT DATE
GlaxoSmithKline, XP Power Ltd. (DI)
QUARTERLY EX-DIVIDEND DATE
BlackRock Latin American Inv Trust, Fair Oaks Income Limited 2017 Shs NPV, JPMorgan Asian Investment Trust, JPMorgan Japan Smaller Companies Trust, Merchants Trust, Middlefield Canadian Income PCC, Primary Health Properties, Schroder Income Growth Fund
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (GER) (07:00)
Consumer Price Index (US) (13:30)
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
Dart Group, Ilika, ReNeuron Group
SPECIAL DIVIDEND PAYMENT DATE
Chelverton UK Dividend Trust
Yew Grove Reit
Attis Oil and Gas Ltd (DI), Biotech Growth Trust (The), Blackstone/GSO Loan Financing Limited, Dragon-Ukrainian Properties & Development, Helical, Land Securities Group, LondonMetric Property, Mercantile Ports & Logistics Limited, Northern 2 VCT, Octopus Apollo VCT, Personal Assets Trust, Renewi , Speedy Hire, Telford Homes, Templeton Emerging Markets Inv Trust, Workspace Group
Kier Group, Workspace Group
UK ECONOMIC ANNOUNCEMENTS
RICS Housing Market Survey (00:01)
FINAL DIVIDEND PAYMENT DATE
Air China Ltd., Alliance Pharma, Young & Co's Brewery 'A' Shares, Young & Co's Brewery (Non-Voting)
FINAL EX-DIVIDEND DATE
Anpario, BMO Global Smaller Companies, Entertainment One Limited, Halma, Henderson Alternative Strategies Trust , Mission Marketing Group, Sirius Real Estate Ltd., Telecom Plus, Trans-Siberian Gold, Triple Point Income VCT C, Triple Point Income VCT D