A Brief Look At The Week Ahead

Inflation with be the main course on the City menu this week. Britain's inflation figures come out on Tuesday, and there will also be inflation data across the eurozone. The most important data will be for the US with figures there due out on Wednesday. Market watchers believe these will spell out a need for a further interest rate rise at the end of the month. Statements from Alliance & Leicester (Monday) and Royal Bank of Scotland (Tuesday) will be scrutinised to see whether the cycle of bad debts has bottomed out. The market will also be looking for any commentary from A&L on takeover speculation, after Crit Agricole was recently named as a potential bidder. Whitbread, which owns Premier Travel Inns and Costa Coffee, is set to update investors on trading at its AGM on Tuesday. The only division expected to be in positive territory is Premier Travel, which is tipped to be up 5% on a like-for-like basis. Last Friday the group set an end-of-June deadline for the sale of its pubs. Standard Life is set to release its prospectus on Thursday after gaining court approval for a planned demutualisation last week. However, some analysts believe that it may have to reduce the price of its float by as much as 10% given the current volatility in the markets and the life insurance industry's recent lacklustre performance. Standard Life initially indicated that it was looking to price its offer between 240p and 290p. Also this week, Tesco is expected to unveil a first-quarter 4.5% rise in like-for-like sales and a 7.5% rise in total sales, according to Williams de Bro Overseas sales are likely to continue to power ahead, rising around 25%. Other companies in the limelight this week include Workspace on Monday; Pursuit Dynamics and First Choice Holidays on Tuesday; Celsis International on Wednesday with MyTravel on Thursday. Another week of volatility in prospect. Keep your powder dry! Good hunting! Greystone (Greystone is Alan English, City Editor at MoneyAM.)

This is my selection for the "UPS" this week GGG

Share	Volume	Chart	News	Various
GGG price 18.50p	Not a large volume but almost all buying last Friday	Share price moving closer to the previous BREAKOUT	All the links are pointing to news of the much expected drilling report by early this week, CEO travelling all last week around china	Gold prices ready to move forward again. Directors have a background of working in China and have a solid spread of experience across the mining industry

Charts for GGG

2 weeks chartbollinger bands, MACD

3 month

Good morning traders!

In Asia today, the Hang Seng closed the morning down 52.57 points at 15,576.12, while the Nikkei was recently up 12.19 points at 14,763.03.

New York's main oil contract, light sweet crude for July delivery, was down 11 cents at $71.52 a barrel from its close of $71.63 in the US Friday.

Happy trading!

G.

Morning all from a damp North Wales.

End-of-day Market Summary