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The Week Ahead On The Markets


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The Week Ahead

Read about upcoming market-moving events and plan your trading week

 
 

Week commencing 1 November

Joshua Mahony’s insight

A busy week ahead sees the big focus on central banks and US jobs. Rate decisions from the Reserve Bank of Australia, Federal Reserve, and Bank of England bring expectations of FX volatility. Meanwhile, the release of US ADP payrolls, and unemployment claims pave the way for Friday’s jobs report. From a corporate perspective, earnings season continues in full flow. In Europe, watch out for figures from the likes of Ryanair, BP, BT and Sainsburys. Meanwhile, the US earnings look set to be dominated by the likes of Lyft, Starbucks, Moderna, and T-Mobile.

 

Economic reports

  • Weekly view

Monday

1.45am – China Caixin mfg PMI (October): index to rise to 50.2 from 50. Markets to watch: China indices, CNH crosses

2pm – US ISM mfg PMI (October): expected to fall to 60.4 from the previous reading 61.1. Markets to watch: US indices, USD crosses

Tuesday

3.30am – RBA rate decision: no change in policy expected. Markets to watch: AUD crosses

Wednesday

1.45am – China Caixin services PMI (October): expected to rise to 53.7 from 53.4. Markets to watch: China indices, CNH crosses

10.00am – Eurozone unemployment rate (September): expected remain at 5.4%. Markets to watch: Eurozone indices, EUR crosses

12.15pm – US ADP employment report (October): expected to fall to 369k from 568k. Markets to watch: US indices, USD crosses

2pm – US ISM non-mfg PMI (October): expected to fall to 61.5 from 61.9. Markets to watch: US indices, USD crosses

2.30pm – US EIA crude oil inventories (w/e 29 October): Last week saw a surprise build of 4.267 million barrels. Markets to watch: Brent, WTI

6pm – FOMC rate decision: interest rates are expected to remain unchanged, but an announcement on the tapering of bond purchases is expected. Markets to watch: US indices, USD crosses

Thursday

9.30am – UK construction PMI (October): expected to rise to 54 from 52.6. Markets to watch: GBP crosses

12pm – BoE rate decision: rates currently expected to remain unchanged, but after months of 9-0 votes in favour of leaving policy unchanged, several members, including Governor Andrew Bailey, may vote to raise rates. Markets to watch: FTSE 100/250, GBP crosses

12.30pm – US initial jobless claims (w/e 30 October): Initial claims expected to fall from 281k to 275k. Markets to watch: US indices, USD crosses

Friday

12.30pm – US jobs report (October): non-farm payrolls expected to rebound to 300K from 194K. Unemployment rate expected to remain at 5.8%. Markets to watch: US indices, USD crosses

12.30pm – Canada employment report (October): the previous employment change figure came in at 157,100. Markets to watch: CAD crosses

3pm – Canada Ivey PMI (October): The previous figure rose to 70.4. Markets to watch: CAD crosses

 

Dividends

FTSE 100: Unilever
FTSE 250: Balfour Beatty, Ashmore, Hilton Food Group

 

Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.

 

Index adjustments

 

Monday
1 November
Tuesday
2 November
Wednesday
3 November
Thursday
4 November
Friday
5 November
Monday
8 November
FTSE 100  

 

3.43      
Australia 200 0.1     0.1 14.4  
Wall Street     2.3 1.4   10.8
US 500 0.01 0.01 0.63 0.47 0.08 0.34 (0.34)
Nasdaq 0.18   1.58 2.61   0.41
Netherlands 25 0.29   1.05      
EU Stocks 50 1.0          
China H-Shares     0.5      
Singapore Blue Chip   0.21        
Hong Kong HS50         9.5  
South Africa 40            
Italy 40            
Japan 225    

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