Tuesday preview: Trade talks, US inflation data in focus

updated: 29 July 2019 at 6:35pm Author: Alexander Bueso

(Sharecast News) - The spotlight on Tuesday will fall squarely on the second round of trade talks between US and Chinese officials since the trade truce reached by the countries' two leaders, Donald Trump and Xi Jinping, on 28 June.
Nevertheless, expectations for a resolution of the trade spat were quite low.

Against that backdrop, the US Commerce Department was scheduled to release personal income and spending figures covering the month of June. at 1330 BST.

In particular, traders were expected to focus on the inflation gauges contained within that same report, including the Federal Reserve's preferred measure, the price deflator for personal consumption expenditures.

Markets would also be keeping close tabs on the outcome of the Bank of Japan's monetary policy meeting.

Across the Channel, the focus would likely be on the results of the European Commission's euro area consumer and industrial confidence surveys for July, alongside a reading on German consumer price inflation for that same month.

No major economic data were scheduled for release in the UK, although traders were likely to continue monitoring the pound's slide.

Tuesday July 30

INTERIMS

Aggreko, Centrica, Elementis, Greggs, Hutchison China Meditech Ltd, Jupiter Fund Management , Low & Bonar, LSL Property Services, Provident Financial, Seplat Petroleum Development Company (DI), Spectris

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (US) (15:00)

Economic Sentiment Indicator (EU) (10:00)

Import Price Index (GER) (07:00)

Industrial Confidence (EU) (10:00)

Pending Homes Sales (US) (15:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

Services Confidence (EU) (10:00)

FINALS

Games Workshop Group, NWF Group

ANNUAL REPORT

JPMorgan Euro Small Co. Trust

SPECIAL DIVIDEND PAYMENT DATE

Coca-Cola HBC AG (CDI)

AGMS

1Spatial, Albion Enterprise VCT, All Asia Asset Capital Limited (DI), EIH Plc, Elektron Technology, EPE Special Opportunities Limited (DI), Lekoil Ltd (DI), Mitie Group, Reabold Resources, Rose Petroleum, Syncona Limited NPV, TMT Investments, Trader Media East Ltd GDR (Reg S), Ukrproduct Group Ltd, ULS Technology , Volex

TRADING ANNOUNCEMENTS

Reckitt Benckiser Group

FINAL DIVIDEND PAYMENT DATE

Coca-Cola HBC AG (CDI), Discoverie Group, Fidelity China Special Situations , TR Property Inv Trust