Week ahead: BoE, Fed, US jobs reports in the spotlight
After the European Central Bank for many, but not all observers, hinted at the possibility of a more dovish bias going forwards last Thursday, over the coming week attention will turn to the Bank of England and US Federal Reserve.
Thus, having shifted lower over recent days and weeks since the mini-budget fiasco, economists were now in doubt whether rate-setters in London would hike Bank Rate by 50 basis points or 75bp when they met next Thursday.
But what everyone wants to know is whether the Fed will also hint somehow or other at a possibly slower pace of hikes in future.
Nevertheless, a 75bp hike at its 2 November appears to be firmly priced in and more recently its emphasis has been on bringing inflation firmly lower.
Near-term economic risks have risen but looking out to 2023 there is some debate about just how quickly inflation will come down.
Against that backdrop, on Wednesday, consultancy ADP will release its private sector payrolls report for October, followed by the official non-farm payrolls report at the end of the week.
Also expected on Wednesday and with the potential to move financial markets is the US Department of Labor's JOLTS jobs market survey for September, which includes a closely followed gauge of job openings in the economy.
A raft of purchasing managers' surveys will also be released around the world over the coming week.
Those from S&P Global have recently been seeing some non-negligible revisions that have on occasions in recent months have moved markets.
Nonetheless, they key surveys will be those for regional US manufacturing in the form of MNI's Chicago PMI and the Dallas Fed's on Monday.
Tuesday's US factory sector PMI from the Institute for Supply Management and that for services on Thursday may also be key.
So too Caixin's China manufacturing PMI on Tuesday.
Down Under, rate-setters in Sydney will announce their latest interest rate decision on Tuesday.
Third quarter euro area GDP and October consumer price data are scheduled for release on Monday.
Monday 31 October
INTERIM DIVIDEND PAYMENT DATE
Aquila Energy Efficiency Trust, Life Science REIT, Wynnstay Group
INTERIM EX-DIVIDEND DATE
Banco Santander S.A.
QUARTERLY PAYMENT DATE
Balanced Commercial Property Trust Limited , CT Private Equity Trust, Middlefield Canadian Income PCC
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
GDP (Preliminary) (EU) (11:00)
Gross Domestic Product (EU) (11:00)
Import Price Index (GER) (08:00)
Retail Sales (GER) (08:00)
FINALS
Lok'n Store Group
SPECIAL DIVIDEND PAYMENT DATE
Hargreaves Services
AGMS
Aberforth Split Level Income Trust , Brown Advisory US Smaller Companies, City of London Investment Group, GSTechnologies NPV (DI), Springfield Properties , Superdry, Tavistock Investments, Time Finance
UK ECONOMIC ANNOUNCEMENTS
Consumer Credit (10:30)
M4 Money Supply (10:30)
Mortgage Approvals (10:30)
FINAL DIVIDEND PAYMENT DATE
FIH Group , Hargreaves Services, Heavitree Brewery 11 1/2% Cum Prf , Latham (James) 8% Cumulative Preference 1
Tuesday 01 November
INTERIM DIVIDEND PAYMENT DATE
WPP
QUARTERLY PAYMENT DATE
Mercantile Investment Trust (The)
QUARTERLY EX-DIVIDEND DATE
Tetragon Financial Group Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Construction Spending (US) (14:00)
ISM Manufacturing (US) (14:00)
ISM Prices Paid (US) (14:00)
PMI Manufacturing (US) (13:45)
Q3
BP
EGMS
Hellenic Telecom Industries SA ADS
AGMS
Ikigai Ventures Limited Npv, JPMorgan Mid Cap Inv Trust, Murray Income Trust, OPG Power Ventures, VietNam Holding Ltd
UK ECONOMIC ANNOUNCEMENTS
PMI Manufacturing (09:30)
FINAL DIVIDEND PAYMENT DATE
Smith (DS)
Wednesday 02 November
INTERIMS
Appreciate Group
INTERIM DIVIDEND PAYMENT DATE
Banco Santander S.A., HSS Hire Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Crude Oil Inventories (US) (14:30)
MBA Mortgage Applications (US) (11:00)
PMI Manufacturing (GER) (08:55)
PMI Manufacturing (EU) (09:00)
Retail Sales (GER) (08:00)
Unemployment Rate (GER) (08:55)
Q3
GSK
AGMS
Hansard Global, IDE Group Holdings, NCC Group
TRADING ANNOUNCEMENTS
Coca-Cola Europacific Partners (DI), Gem Diamonds Ltd. (DI), Gem Diamonds Ltd. (DI), Gem Diamonds Ltd. (DI), Morgan Sindall Group, Next, Smurfit Kappa Group (CDI)
Thursday 03 November
INTERIMS
Nuformix, RS Group, Sainsbury (J), Trainline, Wizz Air Holdings
INTERIM DIVIDEND PAYMENT DATE
Anglo Asian Mining, Crestchic, EMIS Group, Hammerson, Me Group International, STV Group
INTERIM EX-DIVIDEND DATE
Bloomsbury Publishing, Burford Capital NPV (DI), Dunedin Enterprise Investment Trust, Hilton Food Group, Investec Investment Trust 3 1/2% Cumulative Preference Stock, LLoyds Banking Group 9.25% Non-Cum Irredeemable Pref Shares, LLoyds Banking Group 9.75% Non-Cum Irredeemable Pref Shares, London Security, Maven Income & Growth VCT, Schroder BSC Social Impact Trust, SThree, The Mission Group
QUARTERLY EX-DIVIDEND DATE
Picton Property Income Ltd
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Factory Orders (US) (14:00)
Initial Jobless Claims (US) (13:30)
ISM Prices Paid (US) (14:00)
ISM Services (US) (14:00)
PMI Composite (US) (13:45)
PMI Services (09:30)
PMI Services (US) (13:45)
Retail Sales (EU) (10:00)
Unemployment Rate (EU) (10:00)
Q3
Bank Pekao SA GDS (Reg S), Helios Towers , Lancashire Holdings Limited
FINALS
Gattaca, Up Global Sourcing Holdings
SPECIAL EX-DIVIDEND DATE
Bioventix
EGMS
Samsung Electronics Co Ltd (ATT) GDR (Reg S)
AGMS
Darktrace
TRADING ANNOUNCEMENTS
Derwent London, Howden Joinery Group, Smith & Nephew, TI Fluid Systems
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)
BoE Interest Rate Minutes (12:00)
PMI Composite (09:30)
FINAL DIVIDEND PAYMENT DATE
Begbies Traynor Group, Mattioli Woods
FINAL EX-DIVIDEND DATE
Ashmore Group, EKF Diagnostics Holdings , European Opportunities Trust, Manchester & London Investment Trust, New Star Investment Trust, NWF Group, Renishaw, Ricardo, Schroder Japan Growth Fund, Springfield Properties , TheWorks.Co.Uk
Friday 04 November
INTERIM DIVIDEND PAYMENT DATE
Andrews Sykes Group, Bodycote, Christie Group, Fintel, Gemfields Group Limited, Johnson Service Group, Judges Scientific, M. P. Evans Group, Medica Group , Mortgage Advice Bureau (Holdings) , TP Icap Group , Weir Group, Wickes Group
QUARTERLY PAYMENT DATE
CT UK High Income Trust, CT UK High Income Trust B , I3 Energy
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Factory Orders (GER) (07:00)
Non-Farm Payrolls (12:30)
PMI Composite (EU) (09:00)
PMI Composite (GER) (08:55)
PMI Services (EU) (09:00)
PMI Services (GER) (08:55)
Producer Price Index (EU) (10:00)
Unemployment Rate (US) (12:30)
SPECIAL DIVIDEND PAYMENT DATE
Andrews Sykes Group, Mid Wynd International Inv Trust
AGMS
Celtic, DFS Furniture
UK ECONOMIC ANNOUNCEMENTS
PMI Construction (09:30)
FINAL DIVIDEND PAYMENT DATE
Alumasc Group, Barratt Developments, Brooks Macdonald Group, City of London Investment Group, Ingenta, Mid Wynd International Inv Trust