Friday is dominated by the normal raft of economic news at a time when little else is on investors' minds.
Purchasing managers’ index (PMI) surveys are due for the manufacturing sector for the UK, US and other major economies.
UK mortgage approvals are also due to be released by the Bank of England and are expected to fall to 64,000 in May from 65.97K and over 70K the previous two months.
Consumer credit is also seen contracting back to £1.3bn from £1.399bn.
The eurozone will focus on inflation figures that come out on Friday, said economists at ING Bank.
“There are no signs that inflationary pressures have abated in the meantime, with energy inflation set to trend higher again on squeezed gas supply and the oil embargo, which have both caused market prices to increase again.
“Core inflation is set to see another leg up as input price pressures are being priced through to consumers. While there are now more signs emerging that pipeline pressures are peaking, the question is when this will feed through to the end consumer.
“This can be a volatile process with further increases in energy prices not excluded given the unpredictability of geopolitics.”
Friday 1 July:
Trading updates: Oxford Technology VCT PLC
AGMs: Itaconix PLC (LSE:ITX, OTCQB:ITXXF) (Itaconix PLC (LSE:ITX, OTCQB:ITXXF), Itaconix PLC (LSE:ITX, OTCQB:ITXXF))
Economic announcements: Consumer Credit (UK), Mortgage Approvals (UK), PMI Manufacturing (UK, US)