Week ahead: US FOMC meeting in focus
The coming week will see the flow of US macroeconomic data pick-up after a weekend in which investors will be closely watching the results of the ECB’s Asset Quality Review and of the Brazilian presidential elections, both on Sunday.
Amongst the key indicators to watch for Stateside will be Tuesday’s data on US durable goods orders and the Chicago PMI on Friday.
Nevertheless, the main event of the week will no doubt be the FOMC’s rate-setting meeting on Wednesday.
The German IFO institute’s business confidence gauge, which is set for release on Monday, also merits close monitoring.
On Friday, Eurostat will publish its consumer price index (CPI) for October, with the CPI forecast to pick up to a 0.5% year-on-year pace, from 0.3% in August.
The latest "official" reading on the state of China's manufacturing sector, on 1 November, will round-off the week.
Monday 27 October
INTERIM DIVIDEND PAYMENT DATE
Gulf Marine Services, Northbridge Industrial Services, Pendragon, Playtech, Quarto Group Inc., Skipton Building Society 8.5% Perm Int Br Shs
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
M3 Money Supply (EU) (09:00)
Pending Homes Sales (US) (14:00)
Budget (SP)
Q3
Ooredoo Q.S.C. GDR (Reg S)
ANNUAL REPORT
Sabien Technology Group
AGMS
City of London Inv Trust, Mid Wynd International Inv Trust
UK ECONOMIC ANNOUNCEMENTS
CBI Distributive Trades Surveys (11:00)
Q1
Wolf Minerals Limited
Tuesday 28 October
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Payments (GER) (07:00)
Consumer Confidence (US) (14:00)
Durable Goods Orders (US) (12:30)
S&P Case-Shiller home price index
Q3
BG Group, BP, Marsh & Mclennan Cos Inc.
GMS
Balfour Beatty, Doriemus, Octopus Titan VCT 1, Octopus Titan VCT 2, Octopus Titan VCT 3, Octopus Titan VCT 4, Octopus Titan VCT 5, SnackTime, TUI Travel
FINALS
EpiStem Holdings, Utilitywise
ANNUAL REPORT
Digital Globe Services Ltd (DI)
IMSS
Lloyds Banking Group
TRADING STATEMENT
Standard Chartered
EGMS
Bellzone Mining, Fyffes, TUI Travel
AGMS
China Nonferrous Gold Limited (DI), Indus Gas Ltd., JPMorgan Mid Cap Inv Trust, Murgitroyd Group
UK ECONOMIC ANNOUNCEMENTS
Nationwide House Price Index (07:00)
FINAL DIVIDEND PAYMENT DATE
Anite, Brooks Macdonald Group
Wednesday 29 October
INTERIMS
Braemar Shipping Services, C&C Group, JZ Capital Partners Ltd, Tissue Regenix Group
INTERIM DIVIDEND PAYMENT DATE
Amiad Water Systems Ltd, Manchester Building Society
QUARTERLY PAYMENT DATE
CQS Diversified Fund Ltd Ord NPV £
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (14:30)
US FOMC Interest Rate decision (US) (18:00)
MBA Mortgage Applications (US) (11:00)
Adjusted retail sales (SP)
Industrial production (JP)
Q3
CSR, Talvivaara Mining Company (CDI)
GMS
Finsbury Food Group
FINALS
Redefine International, Plexus Holdings
IMSS
Johnston Press, Next, Standard Life
DRILLING REPORT
Antofagasta
AGMS
Arcontech Group, Goldplat, Murray Income Trust, New World Oil And Gas, Progility, Ricardo, Sacoven
TRADING ANNOUNCEMENTS
Stagecoach Group, Standard Life
UK ECONOMIC ANNOUNCEMENTS
Consumer Credit (09:30)
M4 Money Supply (09:30)
M4 Sterling Lending (09:30)
Mortgage Approvals (09:30)
Thursday 30 October
INTERIMS
BT Group
INTERIM DIVIDEND PAYMENT DATE
Essentra, Partnership Assurance Group, Sprue Aegis, TT Electronics
INTERIM EX-DIVIDEND DATE
Booker Group, Development Securities, Games Workshop Group, Hansa Trust, Hilton Food Group, ITV, Lombard Risk Management, Lookers, M&C Saatchi, Moss Bros Group, ProVen Growth & Income VCT, ProVen VCT, Provident Financial, SQN Asset Finance Income Fund Limited, Tesco
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (10:00)
Continuing Claims (US) (12:30)
Economic Sentiment Indicator (EU) (10:00)
GDP (Advance) (US) (12:30)
Initial Jobless Claims (US) (12:30)
Unemployment Rate (GER) (08:55)
Speech US Fed chair Janet Yellen
Consumer price index (GER)
Q2
BT Group
Q3
Eurasia Drilling Co Ltd GDR (Reg S), First Quantum Minerals Ltd., Millennium & Copthorne Hotels, OJSC Megafon GDR (Reg S), Royal Dutch Shell 'A', Royal Dutch Shell 'B', Samsung Electronics Co Ltd (ATT) GDR (Reg S), Smith & Nephew, X5 Retail Group NV GDR (Reg S)
GMS
AFC Energy
ANNUAL REPORT
Pure Wafer
IMSS
Afren, Aviva, Barclays, Countrywide, Henderson Group, Kazakhmys, RPS Group, Cairn Energy, Genel Energy, St.James’s Place
DRILLING REPORT
Kazakhmys
EGMS
Datang International Power Generation Co Ltd.
AGMS
Ashmore Group, Clinigen Group, Genesis Emerging Markets Fund Ltd Ptg NPV, MNC Strategic Investments, Pacific Horizon Inv Trust, Redde
FINAL DIVIDEND PAYMENT DATE
Produce Investments
FINAL EX-DIVIDEND DATE
AIREA, Barratt Developments, BlackRock Greater Europe Inv Trust, El Oro Ltd, Go-Ahead Group, NWF Group, Sabien Technology Group
UK ECONOMIC ANNOUNCEMENTS
Nationwide House Price Index (07:00)
Friday 31 October
INTERIMS
1Spatial
INTERIM DIVIDEND PAYMENT DATE
32Red, Advanced Medical Solutions Group, BBA Aviation, Central Asia Metals, Crawshaw Group, Dignity, EMIS Group, Hargreave Hale AIM VCT 2, Huntsworth, Lighthouse Group, Maven Income & Growth 2 VCT, NAHL Group, Old Mutual, Servelec Group , Smurfit Kappa Group, Tandem Group, Wynnstay Group, XLMedia
QUARTERLY PAYMENT DATE
Albion Technology & General VCT, F&C Commercial Property Trust Ltd., JP Morgan Chase & Co, Mercantile Investment Trust (The), Middlefield Canadian Income PCC, Schroder Income Growth Fund, Torchmark Corp.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (13:45)
International Reserves (EU) (11:00)
Personal Consumption Expenditures (US) (12:30)
Personal Income (US) (12:30)
Personal Spending (US) (12:30)
Retail Sales (GER) (07:00)
U. of Michigan Confidence (Final) (US) (13:55)
Unemployment Rate (EU) (10:00)
NBS Manufacturing PMI (CH) (Sat 1 November)
Consumer Price Index (EZ) (10:00)
Consumer Price Index (JP)
Q3
Aon, International Consolidated Airlines Group SA (CDI), Royal Bank of Scotland Group
GMS
Gresham House, Jupiter Second Split Trust Geared Gwth Shares
IMSS
Berendsen, Direct Line Insurance Group, Regus, Royal Bank of Scotland Group, Weir Group
TRADING STATEMENT
WPP
AGMS
CEB Resources, Cientifica , Ideagen
UK ECONOMIC ANNOUNCEMENTS
Consumer Confidence (09:30)
GFK Consumer Confidence (00:05)
FINAL DIVIDEND PAYMENT DATE
Abbey, Chemring 7% Cumulative Preference Shares 1, City of London Investment Group, Heavitree Brewery 11 1/2% Cum Prf , Latham (James) 8% Cumulative Preference 1, Mid Wynd International Inv Trust