Economic Events Of The Coming Week – 10/30/2016

Monday: Preliminary Industrial Production data are due to see light in Japan. In Spain, September Retail Sales data will be released. In the U.K., September Mortgage Approvals data will see light. Eurostat is scheduled to release the Eurozone’s third quarter advance GDP data, with analysts eyeing a modest 0.3% Quarter over Quarter growth. October’s Preliminary Consumer Price Index data are due to be released in Italy. In the U.S., September’s Personal Income and Personal Spending data will see light, as will October’s Chicago Purchasing Managers’ Index.

Tuesday: The Caixin Purchasing Managers’ Index will be released in China. October’s ISM Manufacturing will see light in the U.S. Pfizer is scheduled to release the quarter’s earnings.

Wednesday: October Unemployment data will see light in Spain. Markit Manufacturing PMIs will be released throughout Europe. In the U.S., the weekly MBA Mortgage Applications will see light. October’s ADP Employment Change is also scheduled to see light in the U.S. The Fed is due to announce interest rates, with the bond market pricing in a 17.1% of a hike on this one. While these draw less than a 4 to 1 likelihood, even if no hike takes place, derived expectations for a Dec hike continue to run very high. Facebook (FB) will release Q3’s earnings.

Thursday: The Bank of England is slated to announce interest rates. Stability in the GBP sees most analysts expecting it to leave rates unchanged at their 0.25%. Some, however, are anticipating a 0.15% cut to 0.1%. In the U.S., the weekly Initial Jobless Claims will see light, followed by September’s Factory Orders and Durable Goods Orders data. In Russia, October’s Consumer Price Index data will see light.

Friday: September’s Trade Balance data will be released in the U.S. October’s Nonfarm figure is also scheduled to see light, with analysts expecting an elevated 173K job addition, from 156K last month. As always, U.S. Unemployment is also expected.