Markets will be keeping a close watch on a Eurozone inflation report for January as the European Central Bank (ECB) comes under mounting pressure to tackle deflationary risks.
Analysts expect consumer prices to have risen slightly to 0.9% year-on-year this month from 0.8% in December.
The ECB is targeting inflation of close to, but under, 2%.
Earlier this month, ECB President Mario Draghi blamed December's drop in inflation on an adjustment by the German statistics office, saying he expects it to pick up in January.
At the time he said the ECB would keep interest rates at 0.25% and reiterated that it was "ready to act" should the economy take a turn for the worse.
On Monday, he signalled a move towards monetary stimulus to ward off deflation.
Draghi said the ECB would be prepared to buy packages of bank loans to households and companies, in contrast to traditional quantitative easing consisting of purchases of sovereign debt.
Meanwhile, the Eurozone's unemployment rate for December will be released tomorrow and is expected to hold at 12.1%.
GfK will reveal the outcome of its consumer confidence survey for the UK in January. The sentiment index is forecast to come in at -12, compared to -13 in December.
Later in the day will be US reports on personal income and spending along with the Chicago purchasing managers' index and the University of Michigan's confidence figures.
Friday January 31st
Rank Group, Rank
INTERIM DIVIDEND PAYMENT DATE
Aberdeen New Dawn Investment Trust, Bisichi Mining, F&C Global Smaller Companies, Jupiter Second Split Trust Geared Gwth Shares, Latham (James), Monks Inv Trust, NewRiver Retail Ltd. (Reg S), Solid State, Speedy Hire, Vianet Group
QUARTERLY PAYMENT DATE
British Assets Trust, F&C Commercial Property Trust Ltd., JP Morgan Chase & Co, Mercantile Investment Trust (The), Middlefield Canadian Income PCC, Schroder Income Growth Fund, Torchmark Corp.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (13:45)
International Reserves (EU) (11:00)
Personal Consumption Expenditures (US) (13:30)
Personal Income (US) (13:30)
Personal Spending (US) (13:30)
Retail Sales (GER) (07:00)
U. of Michigan Confidence (Final) (US) (15:00)
Unemployment Rate (EU) (10:00)
Aberforth Smaller Companies Trust
SPECIAL DIVIDEND PAYMENT DATE
European Investment Trust
Public Power GDR SA (Reg S)
APC Technology Group, Caledonian Trust, JPMorgan Asian Inv Trust, Schroder UK Mid Cap Fund, Scottish Inv Trust
Air Partner, Vedanta Resources (production report)
Kcom, F&C Asset Management
UK ECONOMIC ANNOUNCEMENTS
Consumer Confidence (09:30)
GFK Consumer Confidence (00:01)
FINAL DIVIDEND PAYMENT DATE
Alternative Networks, Catco Reinsurance Opportunities Fund Ltd (DI), Character Group, DotDigital Group, European Investment Trust, Lowland Investment Co, Qatar Investment Fund, Scottish Oriental Smaller Companies Trust, Topps Tiles, Tracsis, Unicorn AIM VCT