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What’s Happening This Week?

What’s Happening This Week?

Once again, this week we’ll be focusing on the central banks, with the RBA, the FOMC and the BOE all giving their rate decisions, which we expect not to be changed. However, the UK may see some member votes in favour of hiking rates, and in the US, we should hear some talk about winding up QE. We also have some employment data this week, most notably ADP and unemployment from the US and the event of the month, the NFP. Employment is expected to fall quite drastically, but so too are claims, and the NFP expectations are contradictory and expected to climb.

Earnings highlights this week come from BP, Ryanair and Sainsburys supermarket chain in the UK and LYFT, Starbucks and Moderna on the other side of the pond.

Events

Monday
2:00 PM – US ISM mfg PMI (October)

Tuesday
3:30 AM – RBA rate decision

Wednesday
1:45AM – China Caixin services PMI
10:00 AM – Eurozone unemployment rate
12:15 PM – US ADP employment report
2:00 PM – US ISM non-mfg PMI (October)
2:30 PM – US EIA crude oil inventories
6:00 PM – FOMC rate decision

Thursday
9.30 AM – UK construction PMI
12:00 PM – BoE rate decision
12:30 PM – US initial jobless claims

Friday
12:30 PM – US jobs report