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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

IG Group.PNG
 

Week commencing 31 October

Chris Beauchamp's insight

A busy week of earnings releases from both the UK and US competes with rate decisions from the Bank of England (BoE), Reserve Bank of Australia (RBA) and the Federal Reserve (Fed), plus the monthly job numbers. Recent rallies in risk assets appear to be slowing, and the fate of markets in the near-term may well depend on how these events play out in coming days.

 

Economic reports

  • Weekly view

Monday

1.30am – China mfg PMI (October): expected to fall to 50 from 50.1. Markets to watch: China indices, CNH crosses

5am – Japan consumer confidence (October): index to rise to 31. Markets to watch: JPY crosses

10am – eurozone GDP (Q3, flash) inflation (October, flash): growth to slow to 1% YoY from 4.1% and -0.1% QoQ from 0.8%, while inflation rises to 10.1% YoY from 9.9%. Markets to watch: EUR crosses

Tuesday

1.45am – China Caixin mfg PMI (October): this non-states survey is expected to rise to 48.4 from 48.1. Markets to watch: CNH crosses

3.30am – RBA rate decision: rates to rise 25bps to 2.85%. Markets to watch: AUD crosses

2pm – US ISM mfg PMI (October), JOLTS job openings (September): ISM PMI to fall to 50.4 from 50.9 and job openings to rise to 10.2 million from 10.05 million. Markets to watch: USD crosses

Wednesday

12.15pm – US ADP employment report (October): 190K jobs expected to have been created, down from 208K last month. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 28 October): stockpiles rose by 2.6 million barrels in the previous week. Markets to watch: Brent, WTI

6pm – FOMC rate decision (press conference 6.30pm): rates are expected to rise to 4% as the Fed goes for another shock-and-awe 75bps rise. But this is already priced in, and the key will be the statement and press conference that will give hints on how much further, and how fast, the Fed thinks it has to go. Markets to watch: US indices, USD crosses

Thursday

12pm – Bank of England rate decision: a big move is expected here, with UK rates rising 75bps to a post-crisis high of 3%. Such a rise would be the biggest since 1992 for the UK. Markets to watch: GBP crosses

2pm – US ISM non-mfg PMI (October): index to fall to 56 from 56.7. Markets to watch: USD crosses

Friday

12.30am – RBA statement on monetary policy. Markets to watch: AUD crosses

12.30pm – US non-farm payrolls (October): payrolls to rise by 200K, down from 263K last month, while the unemployment rate rises to 3.6%. Average hourly earnings to rise 0.3% MoM and 5% YoY, in line with September’s figure. Markets to watch: US indices, USD crosses

12.30pm – Canada employment report (October): unemployment rate to rise to 5.4% from 5.2%. Markets to watch: CAD crosses

2pm – Canada Ivey PMI (October): index to fall to 57 from 59.5. Markets to watch: CAD crosses

 

Company announcements

 

 

 

Monday
31 October

Tuesday
1 November

Wednesday
2 November

Thursday
3 November

Friday
4 November

Full-year earnings

  Bowleven  

 

 

Half/ Quarterly earnings

  BP,
Liberty Global,
Uber,
AMD,
Lyft,
Pfizer,
AIG
Next,
GSK,
Weir,
Qualcomm,
Robinhood,
eBay
BT,
Sainsbury’s,
Peloton,
Airbnb,
Moderna,
ConocoPhillips,
Starbucks,
Coinbase
Societe Generale

Trading update

  Rentokil   Purplebricks,
Currys,
Superdry,
Hikma,
Smith & Nephew
 

 

 
 

Dividends

FTSE 100: None

FTSE 250: Ashmore, Hilton Food, Renishaw, GCP Inf Investments, Edinburgh Inv Trust

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
31 October
Tuesday
1 November
Wednesday
2 November
Thursday
3 November
Friday
4 November
Monday
7 November
FTSE 100            
Australia 200 0.1       11.3  
Wall Street       3.9    
US 500 0.03 0.02 0.48 0.80 0.07 0.04
Nasdaq     0.22 4.06   0.31
Netherlands 25     0.28      
EU Stocks 50     0.7      
China H-Shares     0.5      
Singapore Blue Chip 0.08 0.07 0.05      
Hong Kong HS50     0.8   8.9  
South Africa 40            
Italy 40            
Japan 225            

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