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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

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Week commencing 30 October

Chris Beauchamp's insight

Earnings season, heightened tensions in the Middle East and a plethora of central bank decisions by the likes of the Bank of Japan (BoJ), Federal Reserve bank (Fed) and Bank of England (BoE) will dominate the calendar this week ahead of Friday’s all-important US Non-Farm Payrolls. Eurozone and German preliminary quarter 3 (Q3) gross domestic product (GDP) and consumer price index (CPI) might also keep volatility at its recent elevated levels.

 

 

Economic reports

  • Weekly view

Monday

1pm – German inflation (October (preliminary): prices expected to rise 4% Year-over-year (YoY). Markets to watch: EUR crosses


Tuesday

1.30am – China PMI (October): previous readings were 50.2 for manufacturing and 51.7 for non-manufacturing. Markets to watch: CNH crosses

3am – BoJ rate decision: rates expected to remain at -0.1%. Markets to watch: JPY crosses

8am – German GDP (Q3, flash): growth forecast to be -0.1% Quarter on quarter (QoQ) and -0.3% YoY. Markets to watch: eurozone indices, EUR crosses

10am – eurozone GDP (Q3, flash): QoQ growth forecast to be 0.4% and YoY to be -0.3%. Markets to watch: EUR crosses

2pm – US consumer confidence (October): index forecast to fall to 100. Markets to watch: USD crosses


Wednesday

1.45am – China Caixin manufacturing PMI (October): previous reading 50.6. Markets to watch: CNH crosses

12.15pm – US ADP employment report (October): previous reading 89K. Markets to watch: USD crosses

2pm – US ISM manufacturing PMI (October): forecast to remain at 49. Markets to watch: USD crosses

2.30pm – US EIA crude oil inventories (w/e 27 October): stockpiles rose by 1.37 million barrels in the previous week. Markets to watch: Brent, WTI

6pm – US Fed rate decision: rates expected to remain at 5.5%. Press conference at 6.30pm. Markets to watch: US indices, USD crosses


Thursday

12pm – Bank of England rate decision: no change in rates from current 5.25% expected. Markets to watch: GBP crosses

12.30pm – US initial jobless claims (w/e 28 October): jobless claims rose by 10,000 to 210,000 in the previous week. Markets to watch: USD crosses


Friday

1.45am – China Caixin services PMI (October): previous reading 50.2. Markets to watch: CNH crosses

12.30pm – US non-farm payrolls (October): 172K jobs expected to have been created, down from 336K in September. Unemployment rate to remain at 3.8%. Average hourly earnings to rise 0.3% Month-on-Month (MoM). Markets to watch: US indices, USD crosses

12.30pm – Canada employment data (October): unemployment rate to hold at 5.5%. Markets to watch: CAD crosses

2pm – US ISM services PMI (October): index to fall to 52.1. Markets to watch: US indices, USD crosses

 

Company announcements

 

Monday

30 October

Tuesday

31 October

Wednesday

1 November

Thursday

2 November

Friday

3 November

Full-year earnings

 

 

 

 

 

Half/ Quarterly earnings

HSBC

BP

Aston Martin Lagonda,
GSK

Shell,
Trainline,
BT Group,
Sainsbury’s

 

Trading update*

Pearson,

Glencore

 

 

 

Next

Entain,
Haleon

 

 

 
 

Dividends

FTSE 100: Whitbread

FTSE 250: ME Group, Ashmore, Hilton Food, Renishaw, PZ Cussons, Tritax Big Box

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
30 October
Tuesday
31 October
Wednesday
1 November
Thursday
2 November
Friday
3 November
Monday
6 November
FTSE 100     0.27      
Australia 200 0.1       0.2  
Wall Street         0.8  
US 500 0.28 0.02 0.28 0.20 0.13 0.09
Nasdaq   0.17 0.58 0.26 0.80  
Netherlands 25   0.27        
EU Stocks 50 2.8 0.8        
China H-Shares     0.5      
Singapore Blue Chip 0.08 0.07 0.05      
Hong Kong HS50     0.8   8.7  
South Africa 40            
Italy 40            
Japan 225            

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The yesterday Fed's decisions definitely kept us all guessing! It's surprising how markets struggle to accurately predict interest rates, while BTC, Bitget BGB SOL Prices jump despite US Fed Chair  Warning On December Rate Hike. The crypto market saw an upsurge in prices following the United States Federal Reserve Open Market Committee  (FOMC) decision to maintain interest.

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