The London Stock Exchange will have a data feast to digest next week as investors seek to predict interest rate moves by the Bank of England, which last Thursday held rates steady at 5.0 percent. The FTSE 100 index ended the week on Friday at 6,906.8 points, down 2.42 percent from the close on the previous Friday.
On Monday, investors will get a look at British producer prices in May, which according to Philip Shaw of Investec are likely "to stay elevated, with input price inflation inching higher to 23.2 percent." "But we think this reflects the oil rise alone, with some signs that other commodity prices are starting to ease," he added.
Data on April industrial production will be released on Tuesday followed by reports on Wednesday covering May unemployment and April's foreign trade performance. Latest British inflation figures will be announced on Thursday. In corporate news, investors will be looking at results from retailer Tesco on Tuesday and from the Royal Bank of Scotland, with a particular focus on its 12-billion-dollar (15-billion-euro) capital increase operation.
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