Friday preview: Uni Michigan sentiment a highlight on quiet day

(Sharecast News) - Friday will be very quiet, with no FTSE 350 corporate releases scheduled, and no UK data points due either. Tokyo's consumer price index for June will be eyed. ING expects headline inflation to rise modestly to 1.7% year-on-year.

"The government's price cap on gasoline and renewed utility subsidies should keep inflation below 2%," it said. "Yet, JPY weakness and second-round effects from higher energy prices should add to inflationary pressures on both goods and services prices."

Across the pond, the Michigan consumer sentiment index for June is due at 1500 BST.

Investors will also turn their attention to speeches from Federal Reserve Bank of New York President John Williams and Federal Reserve Bank of Minneapolis President Neel Kashkari.