October 25, 2024 at 08:19PM
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 activity
UK: Lloyds Business Barometer
Japan: Jobless rate, job-to-applicant ratio
ECB’s Wunsch speaks
Earnings: Ford, Waste Management
US 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 supply
Germany: GfK consumer confidence
Tech earnings: Alphabet (Google), AMD
Others: McDonald’s, Pfizer, BP, Visa, PayPal
WEDNESDAY, OCTOBER 30
Big data day:
US: Q3 GDP first reading, ADP employment
Eurozone: Q3 GDP
Germany: CPI, Q3 GDP
France: Q3 GDP
Australia: Q3 CPI
Tech earnings: Microsoft, Meta
Others: Boeing, Volkswagen, BASF
UK Autumn Budget
US Treasury quarterly refunding announcement
THURSDAY, OCTOBER 31
Bank of Japan policy decision
US: PCE inflation (core seen +0.28% MoM)
Eurozone: CPI, unemployment
China: Official PMIs
Heavyweight earnings: Apple, Amazon, Intel, Samsung
Energy: Shell, TotalEnergies, ConocoPhillips
Others: Mastercard, Merck
FRIDAY, NOVEMBER 1
US: Nonfarm payrolls (some forecasts as low as 0K, consensus at +123K), ISM manufacturing
China: Caixin manufacturing PMI
Switzerland: 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.
