Week ahead: BoJ, BoE, Fed and U.S: jobs report in focus

(Sharecast News) - The coming week would feature policy meetings at the Bank of Japan, Bank of England and Federal Reserve, capped off by the monthly U.S. non-farm payrolls report on Friday. Investors would also be keeping close tabs on a heavy data calendar in the U.S., inflation readings in the single currency bloc and survey results due out in China.

There had been some recent market chatter that officials in Tokyo might tweak their policy of yield curve control, on Tuesday, in order to offset the upwards pressure from US rates.

For their part, top brass at the Federal Reserve were expected to keep rates on hold the next day, with some analysts of the belief that one last rate hike in December was still a possibility.

Fed funds futures on the other hand were at last count assigning odds of just 25% to that scenario.

Likewise, Bank of England officials were expected to stand pat, although Michael Hewson at CMC Markets UK believed that one or two of its four policy hawks would change their call to a hold.

Meanwhile, the lone dove on the Monetary Policy Committee, Swati Dhingra, might push for a rate cut, which in the case of sterling would mean putting the fox in the hen house, said Hewson.

"Given how sticky inflation currently is that would be a huge mistake when all the recent messaging has been of higher for longer," he added.

Across the Channel meanwhile, the key data points to look out for would be a reading for third quarter German GDP, on Tuesday, and another for euro area CPI in October.

The latter was expected to show a hefty slowdown in price gains both at the headline and core level.

Friday would bring with it the monthly U.S. non-farm payrolls report which was forecast to come in at 172,000, which would be down from 336,000 in September.

Also due out in the States were survey readings from the Institute for Supply Management for manufacturing and services sector activity during the month of October.

In China, Wednesday would see the release of survey compiler Caixin's factory PMI, followed by the services PMI on Friday.

Monday 30 October

FINALS

Lok'n Store Group, Grand Fortune High Grade Limited (DI)

Bioventix, Rainbow Rare Earths Limited NPV, Schroder BSC Social Impact Trust, Heiq

INTERIMS

Heiq, Airtel Africa

Q1

Berkeley Energia Limited (DI), Aura Energy Limited NPV (DI), Orosur Mining Inc

Q3

HSBC Holdings, Taseko Mines Limited NPV (DI)

TRADING ANNOUNCEMENTS

Inspects Group, Chrysalis Investments Limited NPV, Northern Bear, D4T4 Solutions, Rainbow Rare Earths Limited NPV, Glencore, Computacenter

AGMs

Oil & Gas Development Company Ltd GDR (Reg S)

GMs

Versarien, Angus Energy

ANNUAL REPORT

Schroder BSC Social Impact Trust, Cordel Group, Grand Fortune High Grade Limited (DI), Bioventix, Europa Oil & Gas (Holdings)

DRILLING REPORT

Glencore

FINAL DIVIDEND PAYMENT DATE

Hargreaves Services

SPECIAL DIVIDEND PAYMENT DATE

Hargreaves Services

UK ECONOMIC ANNOUNCEMENTS

Nationwide House Price Index (07:00)

M4 Money Supply (09:30)

Consumer Credit (09:30)

Mortgage Approvals (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Industrial Confidence (EU) (10:00)

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Economic Sentiment Indicator (EU) (10:00)

Services Sentiment (EU) (10:00)

Tuesday 31 October

FINALS

Up Global Sourcing Holdings, Essensys

Q3

BP, NCC Group, Georgia Capital

TRADING ANNOUNCEMENTS

Coca-Cola HBC AG (CDI), TP Icap Group

AGMs

Newmark Security PLC, Tlou Energy Limited (DI), City of London Inv Trust, Real Good Food, Indus Gas Ltd., New Energy One Acquisition Corporation, Bowen Fintech

GMs

Gail (India) Ltd GDR (Reg S)

FINAL DIVIDEND PAYMENT DATE

FIH Group

INTERIM EX-DIVIDEND DATE

Banco Santander S.A.

INTERIM DIVIDEND PAYMENT DATE

Ediston Property Investment Company, Amedeo Air Four Plus Limited Red Ord NPV, European Assets Trust, Life Science REIT, Wynnstay Group, Troy Income & Growth Trust. Balanced Commercial Property Trust Limited, Lowland Investment Co, Kings Arms Yard VCT

QUARTERLY PAYMENT DATE

CT Private Equity Trust

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Import Price Index (GER) (07:00)

Retail Sales (GER) (07:00)

GDP (Preliminary) (EU) (10:00)

Employment Cost Index (US) (12:30)

House Price Index (US) (13:00)

Chicago PMI (US) (13:45)

Consumer Confidence (US) (14:00)

Wednesday 1 November

FINALS

ASOS

Q3

Smurfit Kappa Group (CDI), GSK, Aston Martin Lagonda Global Holdings

TRADING ANNOUNCEMENTS

Next, Smurfit Kappa Group (CDI)

AGMs

BHP Group Limited NPV (DI), Frontier Developments, Ferro-Alloy Resources Limited NPV, Manchester & London Investment Trust, Tavistock Investments

INTERIM DIVIDEND PAYMENT DATE

F&C Investment Trust, Smith & Nephew

QUARTERLY EX-DIVIDEND DATE

Tetragon Financial Group Limited

QUARTERLY PAYMENT DATE

Mercantile Investment Trust (The)

UK ECONOMIC ANNOUNCEMENTS

PMI Manufacturing (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

MBA Mortgage Applications (US) (11:00)

PMI Manufacturing (US) (13:45)

ISM Manufacturing (US) (14:00)

ISM Prices Paid (US) (14:00)

Construction Spending (US) (14:00)

Crude Oil Inventories (US) (14:30)

Auto Sales (US) (19:30)

QUARTERLY PAYMENT DATE

Thursday 2 November

INTERIMS

BT Group, Shell, Sainsbury (J)BT Group, Shell, Sainsbury (J)

Q3

HELIOS TOWERS, Shell, Smith & Nephew

TRADING ANNOUNCEMENTS

Hikma Pharmaceuticals, Smith & Nephew, TI Fluid Systems, Derwent London, Entain, Howden Joinery Group, Haleon, OSB Group

GMs

Tintra

FINAL EX-DIVIDEND DATE

PZ Cussons, The European Smaller Companies Trust, Ricardo, Renishaw, CVS Group, Abrdn UK Smaller Companies Growth Trust, Schroder Japan Trust, Fidelity Asian Values, Wilmington, Ashmore Group, European Opportunities Trust, Coral Products, NWF Group, EKF Diagnostics Holdings

FINAL DIVIDEND PAYMENT DATE

TheWorks.Co.Uk

INTERIM EX-DIVIDEND DATE

Me Group International, Maven Income & Growth VCT, Tritax Big Box Reit, VinaCapital Vietnam Opportunity Fund Ltd., Hilton Food Group, Blackstone Loan Financing Limited (EUR), Bloomsbury Publishing, Impact Healthcare Reit, BlackRock Smaller Companies Trust EJF Investments Ltd NPV, Whitbread, S&U, Shanta Gold Ltd., M & G Credit Income Investment Trust, Invesco Asia Trust, NB Global Monthly Income Fund Limited Red Ord Shs NPV £, Taylor Maritime Investments Limited NPV, Dunedin Income Growth Inv Trust, Crown Place VCT, Marwyn Value Investors Limited, Taylor Maritime Investments Limited NPV, Edinburgh Inv Trust, Starwood European Real Estate Finance Ltd

INTERIM DIVIDEND PAYMENT DATE

STV Group, Banco Santander S.A.

SPECIAL EX-DIVIDEND DATE

Abrdn DIversified Income And Growth

UK ECONOMIC ANNOUNCEMENTS

BoE Interest Rate Decision (12:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

PMI Manufacturing (GER) (08:55)

Unemployment Rate (GER) (08:55)

PMI Manufacturing (EU) (09:00)

Continuing Claims (US) (12:30)

Initial Jobless Claims (US) (12:30)

Friday 3 November

AGMs

CAP-XX Limited

FINAL DIVIDEND PAYMENT DATE

Alumasc Group, Arcontech Group, Begbies Traynor Group, Brooks Macdonald Group, Barratt Developments, Mattioli Woods

INTERIM DIVIDEND PAYMENT DATE

Judges Scientific, TwentyFour Select Monthly Income Fund Limited, Christie Group, Mortgage Advice Bureau (Holdings), WPP, Games Workshop Group, HSS Hire Group, Johnson Service Group, JPMorgan Multi-Asset Growth & Income, Persimmon, M. P. Evans Group, TP Icap Group, Fintel, Weir Group, Schroder Income Growth Fund, AVI Japan Opportunity Trust, M&G, Andrews Sykes Group, British Smaller Companies VCT 2, Twentyfour Income Fund Limited Ord Red, Wickes Group

SPECIAL DIVIDEND PAYMENT DATE

Andrews Sykes Group

QUARTERLY PAYMENT DATE

CT UK High Income Trust B, British American Tobacco, CT UK High Income Trust

UK ECONOMIC ANNOUNCEMENTS

PMI Composite (09:30)

PMI Services (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Unemployment Rate (EU) (10:00)

Non-Farm Payrolls (US) (12:30)

Unemployment Rate (US) (12:30)

PMI Composite (US) (13:45)

PMI Services (US) (13:45)

ISM Services (US) (14:00)

Factory Orders (US) (14:00)