The key event this week will be US CPI data on Thursday. This is expected by the market to come in lower. There are also a host of central bank speakers – who are expected to be hawkish to try and prevent markets from becoming too positive and mitigating the effects of rate rises on the economy.

Monday – Fed’s Bostic speaks, BOE’s Pill speaks

Tuesday – Powell speaks, Bailey speaks, US wholesale inventories, UK retail sales

Wednesday – ECB’s Holzman and Vujcic speak

Thursday – US CPI, China CPI. Fed’s Bullard, Harker and Barkin speak

Friday – University of Michigan Consumer Sentiment, Euro Industrial Production, France CPI, Spain CPI, earnings from JPM, BofA, Citi and Wells Fargo