The Bank of England and Federal Reserve on Wednesday release minutes from their latest meetings as the market speculates over the timing of interest rate hikes by the central banks.
The BoE earlier in August decided to keep policy unchanged, holding interest rates at 0.5%. While an improvement in the UK economy has put pressure on the Bank to lift rates, Governor Mark Carney said wage growth remained weak.
The first rate hike is expected in the first quarter of 2015 and Carney has said raises would be gradual.
The Fed in July announced it would cut a further $10bn off monthly bond purchases and maintain interest rates at 0.25%. The US central bank has indicated that it sees no immediate need to lift rates, saying that the labour market still has room to grow.
Markets will be waiting with baited breath for any clues on interest rates in the minutes from the BoE and Fed.
In corporate news, Carillion releases its first half results, with revenue forecast to be lower and margins higher.
Carillion has been in the spotlight recently over its merger talks with Balfour Beatty so investors will be closely watching its results for further details on the proposed deal.
Numis gave the company a 'hold' rating "given likely speculation about Carillion's desire to merge with Balfour Beatty".
"Management are expected to confirm they see a more positive outlook in key markets (though UK construction margins will normalise to lower levels) but we do expect that growth from here will be more pedestrian that others in the sector," the broker said.
Wednesday 20 August
Frutarom Industries Ltd GDR (Reg S), Gem Diamonds Ltd. (DI), Glencore , Hikma Pharmaceuticals, Hochschild Mining, UK Commercial Property Trust
INTERIM EX-DIVIDEND DATE
Brit , British American Tobacco, Catlin Group Ltd., Dairy Farm International Holdings Ltd. (Singapore), Fidessa Group, Hammerson, Henderson Opportunities Trust, Hongkong Land Holding Ltd. (Sing.Reg), InterContinental Hotels Group, Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Matheson Holdings Ltd. (Bermuda), Jardine Matheson Holdings Ltd. (Jersey), Jardine Strategic Holdingd Ltd. (Bermuda), Jardine Strategic Holdingd Ltd. (Singapore), Mandarin Oriental International (Singapore), Mobeus Income & Growth 4 Vct, Mobeus Income & Growth Vct, Mondi, Partnership Assurance Group , Pembroke Vct, Plus500 Ltd (DI), Prudential, Rexam, Secure Trust Bank, Taylor Wimpey, The Renewables Infrastructure Group Limited, UBM
QUARTERLY EX-DIVIDEND DATE
Brunner Inv Trust, Carnival, M Winkworth, Utilico Investments Ltd (DI)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
FOMC Interest Rate Minutes (US) (19:00)
MBA Mortgage Applications (US) (12:00)
Producer Price Index (GER) (07:00)
Frutarom Industries Ltd GDR (Reg S)
SPECIAL EX-DIVIDEND PAYMENT DATE
Lindsell Train Inv Trust, Mobeus Income & Growth 4 Vct
New World Resources A Shares
Acorn Income Fund Ld, Acorn Income Fund Ltd, BlueCrest AllBlue Fund Ltd. GBP
Shares, Latham (James), Praetorian Resources Ltd
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Minutes (09:30)
CBI Industrial Trends Surveys (11:00)
FINAL DIVIDEND PAYMENT DATE
Halma, National Grid
FINAL EX-DIVIDEND DATE
Aberdeen Private Equity Fund Ltd. Sterling Part Shares, Downing Structured Opportunities VCT 1 'B' Shares, Downing Structured Opportunities VCT 1 'D' Shares, Eckoh, First Property Group, JPMorgan Brazil Inv Trust , Lindsell Train Inv Trust, Phoenix IT Group, PHSC