Week ahead: Bank of England, Federal Reserve, and US non-farm payrolls in focus
All eyes over the coming week would be on the Bank of England and the Federal Reserve.
Rate-setters in the U.K. were widely expected to hold their fire.
However, there was interest in whether or not the three hawks on the Monetary Policy Committee would vote again in favour a 25bp rate hike or go along with those members voting for no change, said Michael Hewson at CMC Markets UK.
"The main debate now is not whether we see rate cuts this year, it is when we see rate cuts," he said.
No change in policy was expected either in the case of the U.S. central bank, but there was interest as to whether or not the monetary authority would push back on some market participants' expectations for rate cuts before summer.
Nevertheless, recent strong data had seen Fed funds futures price out rate cuts in the States until May.
U.S. non-farm payrolls due out at the end of the week also held the potential to move financial markets, as did the figures for wage growth contained in the same.
Other important data points to watch out for in the U.S. included the JOLTS labour market report, on Tuesday, the quarterly Employment Cost Index due out the next day, and also on Friday the results of the University of Michigan's latest consumer confidence survey.
Thursday would also bring with it a raft of preliminary factory sector purchasing managers' surveys for January in the U.K., China and euro area.
Preliminary euro area consumer price data would also be forthcoming on Thursday.
Monday 29 January
SPECIAL EX-DIVIDEND DATE
Mondi
EGMS
Landore Resources Limited NPV, Landore Resources Limited NPV
FINAL DIVIDEND PAYMENT DATE
Smart (J) & Co.
Tuesday 30 January
INTERIMS
Accrol Group Holdings, Accrol Group Holdings, Diageo, Kromek Group, Oxford Cannabinoid Technologies Holdings, Scancell Holdings
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (10:00)
Consumer Confidence (EU) (10:00)
Consumer Confidence (US) (15:00)
Consumer Credit (US) (09:30)
Economic Sentiment Indicator (EU) (10:00)
GDP (Preliminary) (EU) (10:00)
GDP (Preliminary) (GER) (07:00)
House Price Index (US) (14:00)
Industrial Confidence (EU) (10:00)
Services Sentiment (EU) (10:00)
Q4
Banco Bilbao Vizcaya Argentaria SA
FINALS
SThree
AGMS
AJ Bell, Auction Technology Group , Mineral & Financial Investments Limited (DI), Renew Holdings, SSP Group , Webis Holdings
TRADING ANNOUNCEMENTS
Diaceutics , Luceco , Pets at Home Group
UK ECONOMIC ANNOUNCEMENTS
M4 Money Supply (09:30)
Mortgage Approvals (09:30)
Nationwide House Price Index (07:00)
Wednesday 31 January
INTERIMS
ITM Power
INTERIM DIVIDEND PAYMENT DATE
Amedeo Air Four Plus Limited Red Ord NPV, Mitie Group, Smith (DS), Triad Group
QUARTERLY PAYMENT DATE
Balanced Commercial Property Trust Limited , CT Private Equity Trust, Middlefield Canadian Income PCC
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
Crude Oil Inventories (US) (15:30)
Employment Cost Index (US) (13:30)
Import Price Index (GER) (07:00)
MBA Mortgage Applications (US) (12:00)
Retail Sales (GER) (07:00)
Unemployment Rate (GER) (08:55)
Q4
GSK
FINALS
Abrdn Private Equity Opportunities Trust, Banco Santander S.A., GSK
AGMS
Imperial Brands , Mobile Streams, Oxford Metrics, Schroder Asia Pacific Fund
TRADING ANNOUNCEMENTS
SSE
FINAL DIVIDEND PAYMENT DATE
BP 8% Cum 1st Prf, BP 9% 2nd Prf, DotDigital Group, Focusrite, Leeds Building Society 13 3/8% Bearing Shares, Lowland Investment Co, S and U 31.5% Prf. Cum. Prf 12.5P
Thursday 01 February
INTERIMS
Rank Group
INTERIM DIVIDEND PAYMENT DATE
United Utilities Group
INTERIM EX-DIVIDEND DATE
Coral Products, IG Group Holdings, JPMorgan Mid Cap Inv Trust, JPMorgan UK Smaller Companies Investment Trust
QUARTERLY PAYMENT DATE
British American Tobacco, Mercantile Investment Trust (The)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Auto Sales (US) (20:30)
Construction Spending (US) (15:00)
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
ISM Manufacturing (US) (15:00)
ISM Prices Paid (US) (15:00)
PMI Manufacturing (GER) (08:55)
PMI Manufacturing (EU) (09:00)
PMI Manufacturing (US) (14:45)
Q3
Airtel Africa
Q4
Shell
FINALS
Shell
SPECIAL EX-DIVIDEND DATE
Capital Gearing Trust, Hollywood Bowl Group, Impellam Group
AGMS
Cerillion , Keystone Positive Change Investment Trust, Sage Group
TRADING ANNOUNCEMENTS
Barr (A.G.), Cranswick, Gem Diamonds Ltd. (DI), Gem Diamonds Ltd. (DI), JTC
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)
BoE Interest Rate Minutes (12:00)
PMI Manufacturing (09:30)
Unemployment Rate (EU) (10:00)
FINAL DIVIDEND PAYMENT DATE
Merchants Trust 3.65% Cumulative Preference 1, WH Smith, Witan Investment Trust Plc
FINAL EX-DIVIDEND DATE
Hollywood Bowl Group, JPMorgan Emerging Europe, Middle East & Africa Securities, Paragon Banking Group, SSP Group , Treatt
Friday 02 February
INTERIM DIVIDEND PAYMENT DATE
Bisichi , BT Group, Dr. Martens , Halma, Jet2, QinetiQ Group, Severfield, Thames Ventures Vct 1, Vodafone Group, Workspace Group
QUARTERLY PAYMENT DATE
CT UK High Income Trust, CT UK High Income Trust B
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Factory Orders (US) (15:00)
Non-Farm Payrolls (US) (13:30)
U. of Michigan Confidence (Final) (US) (15:00)
Unemployment Rate (US) (13:30)
ANNUAL REPORT
AB Dynamics, AB Dynamics
SPECIAL DIVIDEND PAYMENT DATE
Property Franchise Group
AGMS
Critical Metals , Gunsynd
FINAL DIVIDEND PAYMENT DATE
Baillie Gifford European Growth Trust , Cardiff Property, Diploma, Topps Tiles