Friday preview: US PCE prices, inflation expectations in focus

(Sharecast News) - The market spotlight at the end of the week will be on a couple of key inflation reports due out in the States. Especially important will be the personal income and spending report due out at 1230 BST.

Contained in that report is the Federal Reserve's key inflation gauge, the price deflator for personal consumption expenditures.

PCE prices are expected to have continued to drift down towards the central bank's 2.0% target level.

It is also expected to show that both rose modestly in April, following big increases during the previous month.

Of considerable importance too will be the University of Michigan's consumer confidence survey for May and the readings on inflation expectations contained in the same.

Across the Channel, consumer price data for Italy, Germany and Spain in May are all due out.

So too euro area money supply growth data for April at 0800 BST.

No major economic reports are scheduled for release in the UK.

FRIDAY 30 MAY

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

AGMs

Old Mutual Limited NPV (DI), Beacon Rise Holdings, Aseana Properties Ltd.

GMs

Aseana Properties Ltd.

FINAL EX-DIVIDEND DATE

JTC, Kakuzi Ltd.

FINAL DIVIDEND PAYMENT DATE

Senior, Greggs, International Workplace Group, STV Group, Global Opportunities Trust, Shaftesbury Capital, Reach, Kenmare Resources (CDI), Weir Group, Arbuthnot Banking Group, Dunedin Income Growth Inv Trust, Unite Group, Ibstock, Elementis, Henry Boot, JPMorgan American Inv Trust, PPHE Hotel Group Ltd, Nexteq, Derwent London, Fresnillo, Bellevue Healthcare Trust (Red)

INTERIM DIVIDEND PAYMENT DATE

CVC Income & Growth Limited NPV Euro, Henderson Far East Income Ltd., EJF Investments Ltd NPV, Diverse Income Trust (The)

Sequoia Economic Infrastructure Income Fund Limited, Bankers Inv Trust, Aew UK Reit, Alternative Income Reit, CQS Natural Resources Growth and Income, Marwyn Value Investors Limited, Target Healthcare Reit Ltd, Taylor Maritime Limited NPV, Hansa Investment Company Limited (DI), CQS New City High Yield Fund Limited, Greencoat UK Wind, Taylor Maritime Limited NPV, Hansa Investment Company Limited 'A' Non Vtg (DI), Ecofin Global Utilities and Infrastructure Trust, Wetherspoon (J.D.), CVC Income & Growth Limited NPV GBP

SPECIAL DIVIDEND PAYMENT DATE

Fresnillo, Alfa Financial Software Holdings, B.P. Marsh & Partners, Maven Renovar Vct, Aquila Energy Efficiency Trust

QUARTERLY EX-DIVIDEND DATE

Petrotal Corporation NPV (DI)

QUARTERLY PAYMENT DATE

Custodian Property Income Reit, Picton Property Income Ltd, Octopus Renewables Infrastructure Trust, Tetragon Financial Group Limited, City of London Inv Trust

UK ECONOMIC ANNOUNCEMENTS

Nationwide House Price Index (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Import Price Index (GER) (07:00)

Retail Sales (GER) (07:00)

M3 Money Supply (EU) (09:00)

Personal Income (US) (13:30)

Personal Consumption Expenditures (US) (13:30)

Personal Spending (US) (13:30)

Chicago PMI (US) (14:45)

U. of Michigan Confidence (Final) (US) (15:00)