The Fed blackout starts at midnight but the week ahead is packed with market-moving data, decisions and earnings reports.
Here’s a day-by-day preview of the week ahead:
MONDAY, OCTOBER 28
US data: Dallas Fed manufacturing activityUK: Lloyds Business BarometerJapan: Jobless rate, job-to-applicant ratioECB’s Wunsch speaksEarnings: Ford, Waste ManagementUS Treasury Quarterly borrowing estimates, 2yr ($69bn) and 5yr ($70bn) note auctions
TUESDAY, OCTOBER 29:
US: JOLTS job openings, Conference Board consumer confidence (98.7 prior)UK: Consumer credit, M4 money supplyGermany: GfK consumer confidence Tech earnings: Alphabet (Google), AMDOthers: McDonald’s, Pfizer, BP, Visa, PayPal
WEDNESDAY, OCTOBER 30
Big data day:
US: Q3 GDP first reading, ADP employmentEurozone: Q3 GDPGermany: CPI, Q3 GDPFrance: Q3 GDPAustralia: Q3 CPI Tech earnings: Microsoft, MetaOthers: Boeing, Volkswagen, BASF UK Autumn BudgetUS Treasury quarterly refunding announcement
THURSDAY, OCTOBER 31
Bank of Japan policy decisionUS: PCE inflation (core seen +0.28% MoM)Eurozone: CPI, unemploymentChina: Official PMIs Heavyweight earnings: Apple, Amazon, Intel, SamsungEnergy: Shell, TotalEnergies, ConocoPhillipsOthers: Mastercard, Merck
FRIDAY, NOVEMBER 1
US: Nonfarm payrolls (some forecasts as low as 0K, consensus at +123K), ISM manufacturingChina: Caixin manufacturing PMISwitzerland: CPI Earnings: Exxon Mobil, Chevron
The week’s big focus will be on the US jobs report Friday, but markets will have plenty to digest before then with Q3 GDP, inflation data, and massive tech earnings. With five of the “Magnificent 7” reporting (representing $12 trillion in market cap), expect some volatility in equity and currency markets throughout the week.
This article was written by Adam Button at www.forexlive.com.
