The market spotlight over the coming week would be firmly on US consumer price data for October, which were scheduled for release on Thursday.
Consensus was for a dip in the annual rate of consumer prices from 8.2% for September to 8.0% in October (Barclays: 7.8%).
At the core level meanwhile, CPI was seen ticking lower from 6.7% to 6.6% (Barclays: 6.4%).
The week’s other main event would be the result of the US midterm elections, on Tuesday.
If forecasts for political gridlock proved right, that might entail less fiscal spending in FY 2023 and less policy tightening by the Fed to offset it.
A preliminary reading for the University of Michigan’s consumer confidence survey in November, on Friday, was also likely to draw a fair bit of attention.
In parallel, investors would be closely watching a steady stream of Fed speakers.
Further afield, Monday was set to see a reading on Chinese foreign trade covering the month of October, followed by consumer and factory gate price data covering that same month on Wednesday.
On home shores, the week’s data releases would be back-end loaded with readings for monthly and quarterly gross domestic product both due out on Friday.
Barclays was forecasting a 0.5% quarter-on-quarter drop in GDP over the third quarter, despite growth of 0.2% in both private consumption and fixed capital formation.
Worth noting, real UK GDP growth was seen remaining in the red until the last three months of 2023 when flat quarterly growth was anticipated.
In the euro area, figures for German industrial production in September were due out on Monday and a final reading for German consumer prices on Friday.
Similarly, European Central Bank boss, Christine Lagarde, was set to participate at a panel discussion and Monday, while her number, vice-President Luis de Guindos and ECB chief economist Philip Lane would deliver speeches on Friday.
Monday 07 November
INTERIMS
Great Eastern Energy Corp Ltd. GDR, Tharisa (DI)
INTERIM DIVIDEND PAYMENT DATE
Mobeus Income & Growth 2 Vct
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Credit (US) (20:00)
Industrial Production (GER) (07:00)
EGMS
B90 Holdings NPV
AGMS
Future Metals Nl (DI)
TRADING ANNOUNCEMENTS
Beazley
UK ECONOMIC ANNOUNCEMENTS
Halifax House Price Index (07:00)
Tuesday 08 November
INTERIMS
Argentex Group , Aveva Group, DCC (CDI), Marks Electrical Group, Marks Electrical Group, Oxford Instruments, Warehouse Reit, Zoo Digital Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Current Account (GER) (07:00)
Retail Sales (GER) (10:00)
FINALS
Associated British Foods, Beximco Pharmaceuticals Ltd. GDR
ANNUAL REPORT
Associated British Foods
AGMS
DG Innovate, DG Innovate, Frontier Developments, Pensana
TRADING ANNOUNCEMENTS
Coca-Cola HBC AG (CDI), Persimmon
Wednesday 09 November
INTERIMS
Biffa, Marks & Spencer Group, Norcros, Volex, Watches of Switzerland Group , Workspace Group, Workspace Group
QUARTERLY PAYMENT DATE
BlackRock Latin American Inv Trust
QUARTERLY EX-DIVIDEND DATE
Honeywell International Inc., INTERNATIONAL BUSINESS MACHINES CORPORATION COM STK USD0.20 (CDI), Seplat Energy (DI)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (11:00)
Wholesales Inventories (US) (15:00)
Q3
Atalaya Mining, Georgia Capital
FINALS
Smiths News , Smiths News , Versarien
EGMS
Baker Steel Resources Trust Ltd.
AGMS
Hays, JPMorgan Emerging Markets Inv Trust, Powerhouse Energy Group
TRADING ANNOUNCEMENTS
Conduit Holdings Limited Com Shs (DI), Taylor Wimpey, The Gym Group
Thursday 10 November
INTERIMS
Auto Trader Group , B&M European Value Retail S.A. (DI), National Grid, QinetiQ Group, Renewi
INTERIM DIVIDEND PAYMENT DATE
Good Energy Group, Octopus AIM VCT 2
INTERIM EX-DIVIDEND DATE
Airtel Africa , Anpario, Asia Dragon Trust , BlackRock Smaller Companies Trust, Coral Products, ProVen Growth & Income VCT, ProVen VCT, Sainsbury (J), Warpaint London , Whitbread
QUARTERLY PAYMENT DATE
British American Tobacco
QUARTERLY EX-DIVIDEND DATE
BP, ContourGlobal , Greencoat Renewables (CDI), Octopus Renewables Infrastructure Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (US) (12:30)
Continuing Claims (US) (12:30)
Initial Jobless Claims (US) (12:30)
FINALS
WH Smith
SPECIAL EX-DIVIDEND DATE
Softcat
EGMS
Bankmuscat (S.A.O.G) GDR (Reg S), UIL Limited (DI)
AGMS
ACP Energy, Alternative Income Reit , BHP Group Limited NPV (DI), Ferro-Alloy Resources Limited NPV, London Finance & Investment Group, UIL Limited (DI)
TRADING ANNOUNCEMENTS
Regional REIT Limited, Vistry Group
UK ECONOMIC ANNOUNCEMENTS
RICS Housing Market Survey (00:01)
FINAL DIVIDEND PAYMENT DATE
Hansard Global
FINAL EX-DIVIDEND DATE
Baillie Gifford Japan Trust, Dunelm Group, Galliford Try, JPMorgan UK Smaller Companies Investment Trust, SCS Group , Softcat
Friday 11 November
INTERIMS
Urban Logistics Reit
INTERIM DIVIDEND PAYMENT DATE
AVI Japan Opportunity Trust , Cenkos Securities, Curtis Banks Group, Kerry Group ‘A’ Shares (CDI), Kingfisher, Plus500 Ltd (DI), Senior, Spectris, Spirax-Sarco Engineering, Travis Perkins
QUARTERLY PAYMENT DATE
Tufton Oceanic Assets Limited NPV
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (EU) (07:00)
Consumer Price Index (GER) (07:00)
SPECIAL DIVIDEND PAYMENT DATE
Hays
AGMS
Galliford Try, Redrow
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (07:00)
GDP (Preliminary) (07:00)
Index of Services (07:00)
Industrial Production (07:00)
Manufacturing Production (07:00)
FINAL DIVIDEND PAYMENT DATE
Hays, NCC Group
