UK inflation numbers will need to plunge to move Bank of England dial
A lot hinges on Wednesday's UK inflation data, which is expected to show another sizeable easing in the consumer price index (CPI) and help the Bank of England decide how much further it wants to hike interest rates.
The current forecast is for headline CPI inflation to soften to 6.7% for July, after falling from 8.7% in May to 7.9% in June.
Aviva profits likely burnt as North American wildfires rage
Half-year figures from Aviva PLC (LSE:AV.) are likely to see investors and analysts zeroing in on the impact of Canadian wildfires, with some also hoping for a revival of its recently completed share buyback.
UBS noted that fires have continued to cause damage including in provinces such as Ontario, where Aviva has a top-three position in both commercial and personal lines general insurance.
Significant Announcements:
Interims: Balfour Beatty plc (LSE:BBY) (Balfour Beatty plc (LSE:BBY)), Essentra PLC (LSE:ESNT) (Essentra PLC (LSE:ESNT)), Marshalls PLC (LSE:MSLH) (Marshalls PLC (LSE:MSLH)), Restore Plc (AIM:RST) (Restore Plc (AIM:RST)) and Admiral Group PLC.
US earnings: Cisco Systems (NASDAQ:CSCO) (Cisco Systems (NASDAQ:CSCO)) Inc
AGMs: Cadence Minerals PLC (AIM:KDNC) (Cadence Minerals PLC (AIM:KDNC)), Calnex Solutions PLC (AIM:CLX) (Calnex Solutions PLC (AIM:CLX)), NextEnergy Solar Fund Ltd (LSE:NESF) (NextEnergy Solar Fund Ltd (LSE:NESF)), Streaksai Plc
Economic announcements: Consumer Price Index (UK), Producer Price Index (UK), Retail Price Index (UK), MBA Mortgage Applications (US), Building Permits (US), Housing Starts (US), Capacity Utilisation (US), Industrial Production (US), Crude Oil Inventories (US)