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The week ahead: 01/11/21

Interest rates will be in the news this week, with monetary policy decisions announced by the US Fed on Wednesday and the Bank of England on Thursday. We end the week with US nonfarm payrolls on Friday. Among the earnings, look out for BP, ConocoPhilips, Pfizer, T-Mobile, BMW, Lufthansa, Airbnb, Deutsche Post, Viacom and BT.

Monday 1 November

Manufacturing is in the spotlight on Monday with new PMI data released in China, the UK and the US. We’ve also got earnings from real estate group Simon, wireless infrastructure operator SBA, healthcare supplier McKesson, networking hardware firm Arista, consumer goods producer Clorox and budget airline Ryanair.

Tuesday 2 November

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   BP chart: 29/10/21

Oil majors BP and ConocoPhillips report to the market on Tuesday, along with pharmaceutical firm Pfizer (its Covid-19 vaccine now approved by the FDA for US children aged 5-11), telecoms provider T-Mobile, cosmetics multinational Estée Lauder, biotech firm Amgen, food company Mondelez, semiconductor manufacturer NXP and car rental group Avis. We’ll also see the latest RBA decision on Australian interest rates, plus French, German and eurozone manufacturing PMI data.

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Wednesday 3 November

Early on Wednesday the latest Australian business approvals data is released, followed shortly by China’s Caixin services PMI. Later we’ll get UK and US services PMI, eurozone unemployment and US factory orders, while all eyes will be on the Fed’s decision on US monetary policy. Earnings come from Danish pharmaceutical firm Novo Nordisk, telecoms semiconductor maker Qualcomm, healthcare group CVS, car maker BMW and German airline Lufthansa, whose CEO recently indicated that business air travel is recovering faster than expected.

Thursday 4 November

At midday on Thursday we’ll discover the Bank of England’s latest decision on UK interest rates. The Monetary Policy Committee is under pressure to raise the base rate to combat rising inflation. Other notable economic data includes the Australian trade balance, German factory orders, UK construction PMI, US nonfarm productivity and services PMI data for Japan, France, Germany and the eurozone. Keep an eye out for quarterly reports from vacation rental site Airbnb, German courier Deutsche Post, media group Viacom, online travel service Expedia and UK telecoms group BT.

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Friday 5 November

The first Friday of the month means a new US nonfarm payrolls report is due. In September the US economy created just 194,000 jobs, well short of expectations. Before that we’ll get the latest Japanese household spending, the Halifax house price index for the UK, French and German industrial production, German construction PMI and eurozone retail sales. Earnings include oil and gas pipeline Enbridge, energy suppliers Dominion and Sempra, smart buildings innovator Johnson Controls and healthcare facilities firm Ventas.

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Published: 1 November 2021

You should under no circumstances consider the information and comments provided as an offer or solicitation to invest. This is a macro summary of scheduled news announcements and is not investment advice, independent research or an investment recommendation. The information provided is believed to be accurate at the date the information is produced.

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