Central banks are the main focus for the markets this week with 4 major interest rate and monetary policy announcements due.

The Bank of Japan (BoJ) is widely expected to leave monetary policy unchanged on Tuesday after making some adjustments at its last meeting. The Reserve Bank of Australia (RBA) is also forecast to stand pat on rates.

Wednesday sees the completion of the Federal Open Market Committee (FOMC) meeting and market expectations ahead of this are fairly low. Most expect the Fed to leave rates unchanged but there has been some suggestion that this will yet be a live meeting. After three policymakers called for rates to rise in September, it’s certainly not impossible that this could be the time the Fed strikes, although markets believe the central bank won’t act this close to an election.

Finally, Thursday is Bank of England day, with a rate decision, monetary policy statement, quarterly inflation report and press conference with governor Mark Carney.

The week starts off with Eurozone preliminary Q3 GDP and October CPI inflation data. Meanwhile, there is the usual round of PMI surveys to kick off the month, starting Monday.

A very busy week for data events is rounded out with the monthly US non-farm payrolls employment data, usually a key indicator for the path of US interest rates.

On the corporate front, earnings season continues apace with quarterly results due from BP, Standard Chartered, Facebook, Pfizer and Commerzbank among others.

Economic Calendar

(All times GMT/UTC)

Sunday 30 October

23:50 – Japan industrial production, retail sales

Monday 31 October

01:30 – Australia mid-year economic and fiscal outlook

07:00 – German retail sales

09:30 – UK net lending to individuals, mortgage approvals

10:00 – Eurozone preliminary Q3 GDP, October CPI inflation

13:30 – US personal consumption expenditure, personal spending

Tuesday 1 November

Tentative – Bank of Japan monetary policy decision & press conference

00:30 – Japan Nikkei manufacturing PMI

01:45 – Caixin China General manufacturing PMI

03:30 – Reserve Bank of Australia interest rate decision & statement

09:30 – Markit/CIPS UK manufacturing PMI

15:00 – US ISM manufacturing PMI, construction spending

21:45 – New Zealand employment numbers

Wednesday 2 November

08:55 – German employment numbers

09:00 –Eurozone manufacturing PMI (Markit)

09:30 – UK construction PMI

14:30 – US EIA crude oil inventories

19:00 – Federal Reserve interest rate decision & monetary policy statement

Thursday 3 November

00:30 – Australia trade balance

09:30 – UK services PMI

12:00 – Bank of England interest rate decision & quarterly inflation report

14:00 – ISM non-manufacturing PMI

Friday 4 November

01:30 – RBA monetary policy statement

08:50 – French services, composite PMI

08:55 – German services, composite PMI

09:00 – Eurozone services, composite PMI

10:00 – Eurozone producer price inflation

12:30 – US Nonfarm Payrolls, unemployment rate

Earnings Calendar

 

Tuesday 1 November

Pfizer (PFE) – Q3/2016, EPS estimate 0.619

BP (BP) – Q3/2016, EPS estimate 0.041

Standard Chartered (STAN) – Q3/2016

Wednesday 2 November

Facebook (FB) – Q3/2016, EPS estimate 0.974

Office Depot (ODP) – Q3/2016, EPS estimate 0.153

Time Warner (TWX) – Q3/2016, EPS estimate 1.358

Thursday 3 November

Kraft Heinz (KHC) – Q3/2016, EPS estimate 0.744

Starbucks (SBUX) – Q4/2016, EPS estimate 0.548

Adidas (ADS) – Q3/2016, EPS estimate 1.935

Friday 4 November

Bayerische Motoren Werke (BMW) – Q3/2016, EPS estimate 2.323

Commerzbank (CBK) – Q3/2016, EPS estimate 0.135

 

Source: Bloomberg