The Week Ahead
Week commencing
02 November
Chris Beauchamp's insight
It promises to be yet another busy week for markets, which continue to see volatility thanks to AI spending fears and rising oil prices. Apple reports early next week, after a bruising period for tech earnings, as does Palantir. ASOS, Next, IAG and Diageo are among the big UK names reporting earnings. Meanwhile, it is non-farm payrolls week again, but the week will be dominated by the US mid-term elections, where a strong showing is expected from the Democratic Party. Markets are also watching to see if the US begins fresh strikes on Iran, as tensions rise in the Middle East.
Economic reports
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Weekly view
2.45am – China RatingDog manufacturing PMI (October): expected to fall to 52 from 52.1. Markets to watch: CNH crosses
3pm – US ISM manufacturing PMI (October): expected to rise to 54.7 from 54.5. Markets to watch: USD crosses
US mid-term elections take place: Democrats are expected to do well, potentially taking control of the Senate as well as the House of Representatives. Markets to watch: US indices, USD crosses
4.30am – RBA rate decision: rates expected to be increased by 25 basis points to 4.85%. Markets to watch: AUD crosses
11am – eurozone inflation (October, flash): prices forecast to rise 3.8% YoY, in line with last month, and 0.2% from 0.6% in September. Core inflation expected to be 2.6% from 2.5%. Markets to watch: EUR crosses
3pm – US ISM services PMI (October): index forecast to fall to 54.5 from 54.9. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 30 October): stockpiles fell by 1.9 million barrels in the preceding week. Markets to watch: Brent, WTI
12pm – BoE decision: 25bps rate hike expected. Markets to watch: GBP crosses
1.30pm – US initial jobless claims (w/e 31 October): claims expected to rise to 195K. Markets to watch: USD crosses
1.30pm – US non-farm payrolls (October): payrolls expected to be 40K from 29K last month. Unemployment rate to hold at 4.2%, while average hourly earnings forecast to rise 0.2% from 0.1% MoM, and 3% YoY, in line with the previous month. Markets to watch: US indices, USD crosses
1.30pm – Canada employment data (October): unemployment rate expected to hold at 6.5%. Markets to watch: CAD crosses
3pm – US Michigan consumer sentiment (November): index forecast to fall to 47 from 48. Markets to watch: USD crosses
3pm – Canada Ivey PMI (October): index expected to fall to 57.5. Markets to watch: CAD crosses
Monday
2.45am – China RatingDog manufacturing PMI (October): expected to fall to 52 from 52.1. Markets to watch: CNH crosses
3pm – US ISM manufacturing PMI (October): expected to rise to 54.7 from 54.5. Markets to watch: USD crosses
Tuesday
US mid-term elections take place: Democrats are expected to do well, potentially taking control of the Senate as well as the House of Representatives. Markets to watch: US indices, USD crosses
4.30am – RBA rate decision: rates expected to be increased by 25 basis points to 4.85%. Markets to watch: AUD crosses
Wednesday
11am – eurozone inflation (October, flash): prices forecast to rise 3.8% YoY, in line with last month, and 0.2% from 0.6% in September. Core inflation expected to be 2.6% from 2.5%. Markets to watch: EUR crosses
3pm – US ISM services PMI (October): index forecast to fall to 54.5 from 54.9. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 30 October): stockpiles fell by 1.9 million barrels in the preceding week. Markets to watch: Brent, WTI
Thursday
12pm – BoE decision: 25bps rate hike expected. Markets to watch: GBP crosses
1.30pm – US initial jobless claims (w/e 31 October): claims expected to rise to 195K. Markets to watch: USD crosses
Friday
1.30pm – US non-farm payrolls (October): payrolls expected to be 40K from 29K last month. Unemployment rate to hold at 4.2%, while average hourly earnings forecast to rise 0.2% from 0.1% MoM, and 3% YoY, in line with the previous month. Markets to watch: US indices, USD crosses
1.30pm – Canada employment data (October): unemployment rate expected to hold at 6.5%. Markets to watch: CAD crosses
3pm – US Michigan consumer sentiment (November): index forecast to fall to 47 from 48. Markets to watch: USD crosses
3pm – Canada Ivey PMI (October): index expected to fall to 57.5. Markets to watch: CAD crosses
Company announcements
Dividends
FTSE ex-dividend dates (5th November):
FTSE 100: Tritax Big Box, HSBC
FTSE 250: ME Group, Ashmore, Galliford Try, CVS, AEP Plantations, Bytes Technology
Index adjustments
|
Monday 30 March |
Tuesday 31 March |
Wednesday 1 April |
Thursday 2 April |
Friday 3 April |
Monday 6 April |
| FTSE 100 | 0.71 | |||||
| Australia 200 | 0.2 | 0.4 | ||||
| Wall Street | 8.4 | 9.2 | ||||
| US 500 | 0.60 | 0.28 | 0.48 | 0.50 | 0.06 | |
| Nasdaq 100 | 0.99 | 1.59 | 2.25 | 0.13 | ||
| Netherlands 25 | ||||||
| US Russell 2000 | 1.07 | 0.12 | 0.13 | 0.04 | 0.07 | |
| China H-Shares | 2.3 | |||||
| Japan 225 | ||||||
| Hong Kong HS50 | 3.9 | |||||
| South Africa 40 | 201 | |||||
| France 40 | 7.8 | |||||
| Stoxx 600 | 2.6 | 4.9 |
* Please note these can change without notice
1 Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day
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