There are no FTSE 350 corporate releases scheduled on Monday, but on the macro calendar, German factory orders for May, the S&P Global UK construction PMI for June and eurozone retail sales for May will be in focus.
Tuesday will bring a quarterly update release from oil giant Shell, while the latest Halifax house price index and German industrial production figures for May will be eyed.
Corporate news will pick up on Wednesday, with full-year results from Jet2 and trading updates from Unite and Pennon.
AJ Bell analysts Russ Mould and Dan Coatsworth said that Jet2’s commentary on current trading will be much more important than its full-year numbers to 31 March.
"The airline and holidays company has already told the market that it expects to report £435 million to £440 million operating profit. What’s more important to investors is the impact of the Iran war on demand for travel, and whether Jet2 has seen a surge in demand for bookings in recent weeks," they said.
"Reports suggest holiday companies have enjoyed a strong bounce in trading since Donald Trump said a peace deal had been agreed with Iran. We’ve already seen oil prices return to pre-Iran war levels and there are reports from various holiday companies of a surge in bookings to Cyprus and Turkey. Jet2 flies to both places.
"Jet2’s shares have recovered from a dip during the Middle East crisis, partially lifted by positive read-across from takeover interest in EasyJet. They currently trade on 9.5 times forward earnings, the sort of levels not seen in three years. That means Jet2 may have to smash expectations with forward guidance if the shares are to sustain positive momentum."
Investors will also watch for the latest FOMC minutes and a policy announcement from the Reserve Bank of New Zealand.
TD Securities expects the RBNZ to hike the official cash rate by 25 basis points to 2.50%, but said it could signal patience around how quickly it intends to lift the cash rate towards neutral. "This should cap any uptick in yields on hike headlines while initial NZD strength is unlikely to be outsized," TD said.
On Thursday, the RICS house price balance for June will be released, while across the pond, existing home sales data for June and the latest initial jobless claims will be out. German trade figures for May will also be in focus.
On Friday, recruiter Hays will publish a trading update for the quarter to 30 June, while Delta Airlines will release quarterly results in the US.