Tuesday preview: US CPI, Vodafone in focus
Stateside, the year-on-year rate of increase in consumer prices was seen slowing from 1.5% for March to 0.4% in April.
In the People's Republic of China on the other hand, CPI inflation was seen slowing from 4.3% to 3.7%.
Chinese factory gate prices were seen slowing a bit more quickly, from -1.5% to -2.6%.
No major economic releases were scheduled in the UK.
The calendar across the Channel was also quite sparse across the Channel, with just a survey reading for French industrial confidence and on Irish unemployment due out, both for the month of April.
Looking out to Vodafone's fourth quarter update, UBS analyst Polo Tang said he expected the telecommunications carrier to prove "relatively resilient" to the Covid-19 downturn, even if it was not going to prove immune.
In particular, Tang was expecting Vodafone to keep its dividend payout at 0.09 euro per share, which he said would increase its relative appeal to income investors.
He was also looking for an update regarding the company's new chairman.
The analyst also expected management to announce fresh cost cutting initiatives that would take the run rate for cost savings to €1.0bn.
That, he said, wasn't yet factored into the consensus.
"We think recent underperformance is a function of financial leverage (2.9x), investor positioning and Spain/Italy exposure," Tang added.
"Nevertheless, we see the pull back in the shares as overdone and an IPO of European Towers (expected early calendar 2021) with help crystallise value and act as a de-leveraging event."
Tuesday 12 May
Numis Corporation, Treatt
INTERIM DIVIDEND PAYMENT DATE
British Smaller Companies VCT 2
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (US) (13:30)
Wholesale Price Index (GER) (07:00)
Inspects Group , Land Securities Group, Vodafone Group
IWG , Land Securities Group
Globaltrans Investment GDR (Reg S)
Fidelity European Values, GLI Finance Limited, HGCapital Trust, IWG , IWG , M Winkworth, Macfarlane Group, Mobeus Income & Growth Vct, Reckitt Benckiser Group, Standard Life Aberdeen, X5 Retail Group NV GDR (Reg S)
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
GDP (Preliminary) (07:00)
Index of Services (07:00)
Industrial Production (09:30)
Manufacturing Production (09:30)
FINAL DIVIDEND PAYMENT DATE