A recent and bigger-than-expected slowdown in inflation has arguably taken some of the pressure off of Bank with rate expectations having eased “quite markedly” in the past fewresult, said Michael Hewson, chief market analyst at CMC Markets UK.
Furthermore, an even more marked slowdown in price growth was expected in July, as the effects of the energy price cap were adjusted down, so an argument might be made that an end to rate hikes was near.
But wage growth might yet see Bank opt for a 50 basis point hike, but adopt a pause while it assessed the outlook.
The decision would be taken in the shadow of the U.S. non-farm payrolls report for July that was due out on the next day.
Hiring was expected to have picked up a bit in comparison to the previous month.
Some economists expressed caution when interpreting the figures due to the potential difficulty of seasonally adjusting the data over the summer months.
Nonetheless, other data points appeared to back up those forecasts.
Ahead of that key report, Tuesday would bring with it a slew of survey results on manufacturing in China, the euro area, UK and U.S..
They would be followed on Thursday by another barrage of surveys for those same geographies but covering services.
Other key releases due out over the week would include a preliminary reading on euro area consumer price inflation for July, on Monday, the US JOLTS report on Tuesday and the latest Challenger report on layoff announcements in the U.S: on Thursday.
Monday 31 July
INTERIMS
HUTCHMED (China) Limited, Quartix Technologies, Spectris
INTERIM DIVIDEND PAYMENT DATE
BP 8% Cum 1st Prf, BP 9% 2nd Prf, Leeds Building Society 13 3/8% Bearing Shares, S and U 31.5% Prf. Cum. Prf 12.5P
QUARTERLY PAYMENT DATE
CT Private Equity Trust, Ediston Property Investment Company, Middlefield Canadian Income PCC
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
GDP (Preliminary) (EU) (10:00)
GDP (Preliminary) (GER) (07:00)
Import Price Index (GER) (07:00)
Retail Sales (GER) (07:00)
GMS
Caspian Sunrise
AGMS
B90 Holdings NPV, Fix Price Group Gdr (Each repr 1) (Reg s), Keras Resources , Live Company Group, OnTheMarket, Tintra
UK ECONOMIC ANNOUNCEMENTS
Consumer Credit (09:30)
M4 Money Supply (09:30)
Mortgage Approvals (09:30)
FINAL DIVIDEND PAYMENT DATE
B.P. Marsh & Partners
Tuesday 01 August
INTERIMS
BP, Domino’s Pizza Group, Fresnillo, Greggs, Robert Walters, Staffline Group, Travis Perkins
INTERIM DIVIDEND PAYMENT DATE
Merchants Trust 3.65% Cumulative Preference 1, Witan Investment Trust Plc
QUARTERLY PAYMENT DATE
Mercantile Investment Trust (The)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Auto Sales (US) (20:30)
Balance of Trade (GER) (07:00)
Construction Spending (US) (15:00)
ISM Manufacturing (US) (15:00)
PMI Manufacturing (EU) (09:00)
PMI Manufacturing (US) (14:45)
Unemployment Rate (EU) (10:00)
Unemployment Rate (GER) (08:55)
Q2
Gran Tierra Energy Inc. (CDI)
GMS
Bonhill Group
FINALS
Filtronic
AGMS
Syncona Limited NPV
TRADING ANNOUNCEMENTS
Virgin Money UK
UK ECONOMIC ANNOUNCEMENTS
BRC Shop Price Index (00:01)
Nationwide House Price Index (07:00)
PMI Manufacturing (09:30)
FINAL DIVIDEND PAYMENT DATE
Discoverie Group, Johnson Matthey, Next, TR Property Inv Trust, United Utilities Group
Wednesday 02 August
INTERIMS
Convatec Group , Endeavour Mining, Ferrexpo, Haleon , IP Group, Man Group, Smurfit Kappa Group (CDI), Spirent Communications, Taylor Wimpey
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Q2
Endeavour Mining
GMS
Premier African Minerals Ltd
FINALS
TheWorks.Co.Uk
AGMS
Bushveld Minerals Limited, JPMorgan Global Core Real Assets Limited, Livermore Investments Group Ltd., Sequoia Economic Infrastructure Income Fund Limited , Wizz Air Holdings
FINAL DIVIDEND PAYMENT DATE
Aquila Services Group, Tate & Lyle
Thursday 03 August
INTERIMS
Coca-Cola Europacific Partners (DI), Helios Towers , Helios Towers , Hellenic Telecom Industries SA ADS, Hikma Pharmaceuticals, IRISH RESIDENTIAL PROPERTIES REIT P IRISH RESIDENTIAL PROPERTIES ORD SHS, London Stock Exchange Group, Mears Group, Morgan Sindall Group, Quilter, Rolls-Royce Holdings, Serco Group, Shaftesbury Capital, Shaftesbury Capital, Smith & Nephew, Tritax Big Box Reit
INTERIM DIVIDEND PAYMENT DATE
WH Smith
INTERIM EX-DIVIDEND DATE
Aberforth Smaller Companies Trust, Aptitude Software Group , Blackrock Throgmorton Trust, Foxtons Group , Inchcape, Jupiter Fund Management , Lloyds Banking Group, Mobico Group, Moneysupermarket.com Group, Nichols, Rathbones Group, Reckitt Benckiser Group, Relx plc, Rentokil Initial, RTC Group, Tyman, Vesuvius
QUARTERLY EX-DIVIDEND DATE
Brunner Inv Trust, Picton Property Income Ltd, Unilever
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Factory Orders (US) (15:00)
Initial Jobless Claims (US) (13:30)
ISM Prices Paid (US) (15:00)
ISM Services (US) (15:00)
PMI Composite (EU) (09:00)
PMI Composite (GER) (08:55)
PMI Composite (US) (14:45)
PMI Services (EU) (09:00)
PMI Services (GER) (08:55)
PMI Services (US) (14:45)
Producer Price Index (EU) (10:00)
Q2
Hellenic Telecom Industries SA ADS, Smith & Nephew
FINALS
Omega Diagnostics Group, Omega Diagnostics Group
SPECIAL DIVIDEND PAYMENT DATE
Aberforth Smaller Companies Trust
SPECIAL EX-DIVIDEND DATE
Foresight VCT, Jupiter Fund Management , Latham (James)
EGMS
Landore Resources Limited NPV
AGMS
Caffyns, Distil, Edenville Energy , Investec, Ukrproduct Group Ltd
TRADING ANNOUNCEMENTS
Next, Smith & Nephew
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)
PMI Composite (09:30)
PMI Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Caledonia Investments, GB Group
FINAL EX-DIVIDEND DATE
BT Group, CML Microsystems, Heath (Samuel) & Sons, Latham (James), Oxford Instruments, Triple Point Venture Vct
Q1
Wizz Air Holdings
Friday 05 August
INTERIMS
The Renewables Infrastructure Group Limited, WPP
INTERIM DIVIDEND PAYMENT DATE
Heavitree Brewery, Heavitree Brewery ‘A’ Shares, Kitwave Group, Premier Miton Group, Schroder UK Mid Cap Fund
QUARTERLY PAYMENT DATE
CT UK High Income Trust, CT UK High Income Trust B , Regional REIT Limited, Supermarket Income Reit, TwentyFour Select Monthly Income Fund Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Factory Orders (GER) (07:00)
Non-Farm Payrolls (US) (13:30)
Retail Sales (EU) (10:00)
GMS
East Imperial
SPECIAL DIVIDEND PAYMENT DATE
Bytes Technology Group
AGMS
Telecom Plus
TRADING ANNOUNCEMENTS
Pets at Home Group
UK ECONOMIC ANNOUNCEMENTS
PMI Construction (09:30)
FINAL DIVIDEND PAYMENT DATE
Argentex Group , B&M European Value Retail S.A. (DI), Burberry Group, Bytes Technology Group , Intermediate Capital Group, JD Sports Fashion, JPMorgan European Discovery Trust, Mitie Group, NewRiver REIT, Norcros, Palace Capital , ProVen Growth & Income VCT, ProVen VCT, The Global Smaller Companies Trust, Value and Indexed Property Income Trust, Vodafone Group, VP, Workspace Group
