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Week ahead: US non-farm payrolls, Fed’s Powell in the spotlight

By Alexander Bueso

All eyes over the coming week were to be on a slew of US economic events including the monthly non-farm payrolls report, on Friday.

Market participants were also expectant ahead of a recently scheduled speech from Federal Reserve chairman Jerome Powell, on Wednesday.

Amongst other things, many analysts believed the current week could have important implications for the US dollar.

Consensus was for a 200,000 increase in hiring during the month of November.

Powell meanwhile was expected to reiterate that interest rates were still headed higher, even as the Fed shifted to a slower pace of tightening.

In particular, the Fed chief was expected to push back on the recent easing in financial conditions.

Other key reports to watch out for including a reading on price indicators contained in the personal spending and income data to be published, on Thursday, and the closely followed JOLTS labour market survey, which was to be released on Wednesday.

Across the Channel, investors’ focus would be on preliminary German and Spanish consumer price index data for November, both on Tuesday, followed by euro-area wide CPI figures on Thursday.

German unemployment data for November, on Wednesday, were also expected to garner attention.

On home shores, UK consumer credit and mortgage lending numbers for October were due out on Tuesday.

At the end of the week, on Friday, S&P Globa would release a final reading for its Eurozone manufacturing sector PMIs for November for the Eurozone and the UK. In parallel, the ISM institute was to release its own factory PMI, for the US, later that same day.

Further afield, in Asia, the market spotlight was expected to be on Chinese factory survey readings covering the month of November, on Wednesday and Thursday.

Monday 28 November

INTERIMS

Brickability Group , Jlen Environmental Assets Group Limited NPV, Kinovo

INTERIM DIVIDEND PAYMENT DATE

Headlam Group, ITV, London Security

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

M3 Money Supply (EU) (09:00)

FINALS

Cerillion , Home Reit , Induction Healthcare Group

AGMS

Crown Place VCT, JPMorgan Global Markets Emerging Income Trust, PRS Reit (The) , Seeing Machines Ltd. NPV (DI), The European Smaller Companies Trust

FINAL DIVIDEND PAYMENT DATE

European Opportunities Trust, Wilmington

FINAL EX-DIVIDEND DATE

NOTTS.B.S. 7 7/8% PERM INT BEARING SHS

Tuesday 29 November

INTERIMS

ActiveOps, Altitude Group, Cordiant Digital Infrastructure Limited NPV, First Property Group, GB Group, Shearwater Group , Supreme , Victoria, VP

QUARTERLY EX-DIVIDEND DATE

Canadian General Investments Ltd.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Consumer Confidence (US) (15:00)

Consumer Price Index (GER) (13:00)

Economic Sentiment Indicator (EU) (10:00)

House Price Index (US) (14:00)

Industrial Confidence (EU) (10:00)

Services Sentiment (EU) (10:00)

FINALS

Atrato Onsite Energy, easyJet, Greencore Group (CDI), Marston’s, Renew Holdings, Treatt

EGMS

Esken Limited

AGMS

Aura Energy Limited NPV (DI), Bluefield Solar Income Fund Limited, Castillo Copper Limited NPV (DI), Challenger Energy Group, CT Property Trust Limited , Duke Royalty Limited, Haydale Graphene Industries, Mosman Oil and Gas Limited (DI)

TRADING ANNOUNCEMENTS

Softline Holding GDR (REG S)

UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

FINAL DIVIDEND PAYMENT DATE

Pacific Horizon Inv Trust

Wednesday 30 November

INTERIMS

Carclo, D4T4 Solutions, Pennon Group

INTERIM DIVIDEND PAYMENT DATE

BAE Systems, LLoyds Banking Group 9.25% Non-Cum Irredeemable Pref Shares, LLoyds Banking Group 9.75% Non-Cum Irredeemable Pref Shares, RBG Holdings

INTERIM EX-DIVIDEND DATE

AssetCo, James Halstead 5.5% Cumulative Preference 1

QUARTERLY PAYMENT DATE

Balanced Commercial Property Trust Limited , City of London Inv Trust, Custodian Reit , Picton Property Income Ltd

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (US) (13:30)

Beige Book Fed Survey (US) (19:00)

Chicago PMI (US) (14:45)

Crude Oil Inventories (US) (15:30)

Gross Domestic Product (US) (13:30)

Import Price Index (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

Pending Homes Sales (US) (15:00)

Personal Consumption Expenditures (US) (13:30)

Wholesales Inventories (US) (13:30)

FINALS

Brewin Dolphin Holdings, Contango Holdings , Impax Asset Management Group

EGMS

Gemfields Group Limited, X5 Retail Group NV GDR (Reg S)

AGMS

Atlantic Lithium Limited NPV (DI), Chamberlin, Dunelm Group, Europa Metals Ltd NPV (DI), Ferguson, Gabelli Merger Plus+ Trust, Leeds Group, Mc Mining Limited, Nanoco Group, Pires Investments, Renishaw

TRADING ANNOUNCEMENTS

ITV, Loungers

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

Nationwide House Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE

Coral Products, Diverse Income Trust (The), Fonix Mobile , New Star Investment Trust, PZ Cussons

Q1

Renalytix (Reg S)

Thursday 01 December

INTERIMS

DSW Capital, Duke Royalty Limited, Foresight Group Holdings Limited NPV, Industrials Reit Limited, Latham (James), Peel Hunt Limited NPV

INTERIM DIVIDEND PAYMENT DATE

Burford Capital NPV (DI), Investec Investment Trust 3 1/2% Cumulative Preference Stock, Marshalls

INTERIM EX-DIVIDEND DATE

3i Group, Abrdn Japan Investment Trust , Caledonia Investments, Calnex Solutions , CMC Markets, CML Microsystems, Devro, FIH Group , Helical, Hill and Smith, Marks Electrical Group, Michelmersh Brick Holdings, Montanaro European Smaller Companies Trust, Next, Ninety One , Oxford Instruments, Pets at Home Group , Renold 6% Cum. Prfd., Scottish Oriental Smaller Companies Trust, Severn Trent, Tatton Asset Management , Telecom Plus

QUARTERLY PAYMENT DATE

JpMorgan China Growth & Income , JPMorgan Claverhouse Inv Trust, Wheaton Precious Metals Corp.NPV (CDI)

QUARTERLY EX-DIVIDEND DATE

Downing Renewables & Infrastructure Trust, Pollen Street, Premier Miton Global Renewables Trust, Real Estate Credit Investments Ltd, RM Infrastructure Income, Round Hill Music Royalty Fund Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Construction Spending (US) (15:00)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

ISM Manufacturing (US) (15:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

PMI Manufacturing (EU) (09:00)

PMI Manufacturing (GER) (08:55)

PMI Manufacturing (US) (14:45)

Retail Sales (GER) (07:00)

Unemployment Rate (EU) (10:00)

Unemployment Rate (GER) (08:55)

FINALS

Auction Technology Group

AGMS

Aptamer Group, BowLeven, CQS New City High Yield Fund Limited, DX (Group), Essensys , James Halstead, Kin and Carta , Transense Technologies, Virgin Wines UK

UK ECONOMIC ANNOUNCEMENTS

PMI Manufacturing (09:30)

FINAL DIVIDEND PAYMENT DATE

EKF Diagnostics Holdings

FINAL EX-DIVIDEND DATE

Antofagasta 5% Cum Prf, AVI Global Trust , Aviva 8 3/4% Cumulative Irrd Preference 1, Bellway, Croma Security Solutions Group, DFS Furniture, Ecclesiastical Insurance 8.625% Non-Cum Irr Pref Shares, Fidelity Special Values, General Accident ‘A’, Pan African Resources, REA Holdings 9% Cum. Prf. #1, Royal Bank of Scotland 11% Cum. Prf, Royal Bank of Scotland 5.5% Cum. Prf., Wincanton, YouGov

Friday 02 December

INTERIMS

Mind Gym

INTERIM DIVIDEND PAYMENT DATE

Bloomsbury Publishing, Bytes Technology Group , Frenkel Topping Group, Hilton Food Group, Maven Income & Growth VCT, ProVen Growth & Income VCT, ProVen VCT, Steppe Cement Ltd, SThree, The Mission Group, Young & Co’s Brewery ‘A’ Shares, Young & Co’s Brewery (Non-Voting)

QUARTERLY PAYMENT DATE

Greencoat Renewables (CDI), Honeywell International Inc., ICG Enterprise Trust, Thomaslloyd Energy Impact Trust , Thomaslloyd Energy Impact Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Non-Farm Payrolls (US) (13:30)

Producer Price Index (EU) (10:00)

Unemployment Rate (US) (13:30)

GMS

De La Rue

SPECIAL EX-DIVIDEND DATE

SLF Realisation Fund Limited C Shs NPV, SLF Realisation Fund Limited NPV

AGMS

Global Petroleum Ltd., Highbridge Tactical Credit Fund Limited NVP GBP , Orosur Mining Inc, Revolution Bars Group, Ruffer Investment Company Ltd Red PTG Pref Shares, Schroder BSC Social Impact Trust, SLF Realisation Fund Limited NPV

FINAL DIVIDEND PAYMENT DATE

CVS Group, Sylvania Platinum Ltd (DI), The European Smaller Companies Trust

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