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The Week Ahead

A look ahead to the major events, economic releases and company news expected next week.

  • See a full calendar of key economic reports and company announcements

  • Watch expert commentary and insight from our analysts

  • Discover upcoming trading opportunities and markets to watch 

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Week commencing 5 November

Chris Beauchamp, market analyst

While US earnings season continues, many of the big names are out of the way, and this week has few of the blockbusters of the past two weeks. However, UK earnings are plentiful, with supermarkets, retailers and various others filling the middle of the week.

On the economic front, we have decisions from the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA), plus UK gross domestic product (GDP) figures and the monthly services purchasing managers index (PMI). And then, of course, there are the US midterms, which could be crucial for market direction.

Economic reports

Week commencing 5 November

Monday

1.45am – China Caixin services PMI (October): forecast to fall to 52.5 from 53.1. Markets to watch: China indices, CNH crosses

9.30am – UK services PMI (October): expected to rise to 54 from 53.9. Market to watch: GBP crosses

3pm – US ISM non-mfg PMI (October): index forecast to fall to 60 from 61.6. Market to watch: US indices, USD crosses

Tuesday

US mid-term elections: control of Congress is being contested, with implications for US policy. Markets to watch: US indices, USD crosses

3.30am – RBA rate decision: no change in rates from the current 1.5% expected. Market to watch: AUD crosses

Wednesday

10am – eurozone retail sales (September): sales forecast to rise 2.4% YoY from 1.8%. Market to watch: EUR crosses

3pm – Canada Ivey PMI (October): index to rise to 61.1 from 50.4. Market to watch: CAD crosses

3.30pm – US EIA crude inventories (w/e 2 November): stockpiles to rise by two million barrels from a 3.2 million barrel increase a week earlier. Markets to watch: Brent, WTI

Thursday

3am – China trade balance (October): exports to rise 8.9% YoY from a 14.5% increase in September. Markets to watch: China indices, CNH crosses

1.30pm – US jobless claims (w/e 3 November): initial claims to fall to 213K from 214K. Markets to watch: US indices, USD crosses

7pm – FOMC decision (delayed by a day due to elections): no change is expected at this meeting. Markets to watch: US indices, USD crosses

Friday

12.30am – RBA statement on monetary policy: hawkish commentary here could lift AUD. Market to watch: AUD crosses

1.30am – China CPI (October): forecast to be 2.4% YoY from 2.5%, and 0.3% MoM from 0.7%. Markets to watch: China indices, CNH crosses

9.30am – UK GDP (September), trade balance (September): GDP to rise 0.5% over the previous three months, from a 0.7% rise in August, and trade deficit to narrow to £1.1 billion. Market to watch: GBP crosses

1.30pm – US PPI (October): forecast to be 0.3% MoM from 0.2%. Market to watch: USD crosses

3pm – US Michigan consumer sentiment (November, preliminary): index to fall to 95 from 98.6. Markets to watch: US indices, USD crosses

Weekly view

Monday

1.45am – China Caixin services PMI (October): forecast to fall to 52.5 from 53.1. Markets to watch: China indices, CNH crosses

9.30am – UK services PMI (October): expected to rise to 54 from 53.9. Market to watch: GBP crosses

3pm – US ISM non-mfg PMI (October): index forecast to fall to 60 from 61.6. Markets to watch: US indices, USD crosses

Tuesday

US mid-term elections: control of the Congress is being contested, with implications for US policy. Markets to watch: US indices, USD crosses

3.30am – RBA rate decision: no change in rates from the current 1.5% expected. Market to watch: AUD crosses

Wednesday

10am – eurozone retail sales (September): sales forecast to rise 2.4% YoY from 1.8%. Market to watch: EUR crosses

3pm – Canada Ivey PMI (October): index to rise to 61.1 from 50.4. Market to watch: CAD crosses

3.30pm – US EIA crude inventories (w/e 2 November): stockpiles to rise by two million barrels from a 3.2 million barrel increase a week earlier. Markets to watch: Brent, WTI

Thursday

3am – China trade balance (October): exports to rise 8.9% YoY from a 14.5% increase in September. Markets to watch: China indices, CNH crosses

1.30pm – US jobless claims (w/e 3 November): initial claims to fall to 213K from 214K. Markets to watch: US indices, USD crosses

7pm – FOMC decision (delayed by a day due to elections): no change is expected at this meeting. Markets to watch: US indices, USD crosses

Friday

12.30am – RBA statement on monetary policy: hawkish commentary here could lift AUD. Market to watch: AUD crosses

1.30am – China CPI (October): forecast to be 2.4% YoY from 2.5%, and 0.3% MoM from 0.7%. Markets to watch: China indices, CNH crosses

9.30am – UK GDP (September), trade balance (September): GDP to rise 0.5% over the previous three months, from a 0.7% rise in August, and trade deficit to narrow to £1.1 billion. Market to watch: GBP crosses

1.30pm – US PPI (October): forecast to be 0.3% MoM from 0.2%. Market to watch: USD crosses

3pm – US Michigan consumer sentiment (November, preliminary): index to fall to 95 from 98.6. Markets to watch: US indices, USD crosses

Company announcements

Upcoming dividends (8 November)

FTSE 100: Whitbread, BP

FTSE 250: Go-Ahead, Galliford Try, Card Factory, Renewables Infrastructure Group, Lancashire Holdings, Greencoat UK Wind

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 dividend adjustments

Monday 5 November Tuesday 6 November Wednesday 7 November Thursday 8 November Friday 9 November Monday 12 November
FTSE 100

6.19

Australia 200

0.2 10 0.6 23.5
Wall Street

2.0

32.5 5.6
US 500 0.22 0.03 1.48 0.48 0.10
Nasdaq 1.20 3.93 0.17
France 40 1.6
Netherlands 25
EU Stocks 50 0.6
China H-Shares
Singapore Blue Chip
Hong Kong HS50 13.7
South Africa 40
Japan 225

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.  Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. 

CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.