Chinese growth data will be widely watched on Wednesday amid concerns over a slowdown in the world's second largest economy.
Gross domestic product (GDP) may have risen 7.4% year-on-year in the second quarter, according to the consensus forecast.
Ahead of the data, Premier Li Keqiang said the government is confident it will achieve a medium-high level of growth.
Berenberg economist Christian Schulz said positive June data has shown evidence that monetary stimulus measures are working their way through to the economy.
The central bank had cut bank's reserve ratio requirements in June in order to support lending to smaller companies, with the government introducing a new infrastructure investment programme to boost demand.
"This mini-stimulus should be enough to sustain growth this year at 7-7.5%," Schulz said.
Following the release of Chinese GDP will be jobs data in the UK including jobless claims for June and the unemployment rate for the three months to May.
The unemployment rate is expected to fall to 6.5% from 6.6% and jobless claims are forecast to fall by 27,000 following a 27,400 drop the previous month.
Evidence of further improvements in the UK economy is likely to fuel speculation of an interest rate hike.
Bank of England Governor today said he does not know "exactly when the rate cycle is going to start" but it will be "driven by the data, we do expect markets to react to that data".
Later on, the US will see the release of data on industrial and manufacturing data. The Federal Reserve also unveils its Beige Book.
In the earnings session, British Land, London Stock Exchange and First Group will report interim results while Rio Tinto and Fresnillo post production data.
Wednesday July 16th
INTERIM EX-DIVIDEND DATE
Heavitree Brewery, Heavitree Brewery 'A' Shares, Imperial Tobacco Group, Sanderson Group, TP5 VCT 'B' Shares, WH Smith
QUARTERLY EX-DIVIDEND DATE
TwentyFour Select Monthly Income Fund Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (EU) (10:00)
Beige Book Fed Survey (US) (19:00)
Capacity Utilisation (US) (16:15)
Crude Oil Inventories (US) (15:30)
Industrial Production (US) (16:15)
MBA Mortgage Applications (US) (12:00)
Producer Price Index (US) (13:30)
Heath (Samuel) & Sons, Ilika
British Land Co, BTG, Fenner, ICAP, London Stock Exchange Group, RPC Group, Severn Trent, Workspace Group
Fresnillo, Rio Tinto
SPECIAL EX-DIVIDEND PAYMENT DATE
Qannas Investments Limited (DI)
Argo Group Ltd., Big Yellow Group, BT Group, BTG, Development Securities, Dragon-Ukrainian Properties & Development, E2V Technologies, Experian, FirstGroup, Green Dragon Gas Ltd. (DI), Griffin Mining Ltd., ICAP, London Stock Exchange Group, Northern 3 VCT, Ormonde Mining, RAB Special Situations Company Ltd. (Reg S), RPC Group, Severn Trent, SKIL Ports & Logistics Ltd., Speedy Hire, Walker Greenbank, Wincanton, Workspace Group
UK ECONOMIC ANNOUNCEMENTS
Claimant Count Rate (09:30)
Unemployment Rate (09:30)
FINAL EX-DIVIDEND DATE
Amati VCT , Blue Planet International Financials Investment Trust, Bond International Software, Braemar Shipping Services, F&C Global Smaller Companies, Halma, Invesco Asia Trust, KBC Advanced Technologies, Majestic Wine, Mountview Estates, Plastics Capital, Tangent Communications, Telecom Plus, Walker Greenbank