-
Key BoE Decision at 12:00 (UK time) – rates expected to be held at 4.0%.
-
Soft German Data (Industrial Production) contrasts with upside Swedish Inflation surprise.
-
Focus on Speeches from central bankers (Schnabel, Williams, Bar) and earnings from AstraZeneca and Airbnb.
-
Key BoE Decision at 12:00 (UK time) – rates expected to be held at 4.0%.
-
Soft German Data (Industrial Production) contrasts with upside Swedish Inflation surprise.
-
Focus on Speeches from central bankers (Schnabel, Williams, Bar) and earnings from AstraZeneca and Airbnb.
The macroeconomic calendar is heavily populated today, with the Bank of England (BoE) interest rate decision serving as the key market focal point. Earlier data releases included Japanese wage growth, Australia's trade balance, Swedish inflation, and German industrial production. Besides the scheduled publications, investors will hear from several central bankers attending the ECB-hosted conference.
Data from Germany proved very weak, showing only a small rebound in September industrial production, while Swedish inflation surprised to the upside, reducing the probability of further rate cuts there.
Key Macroeconomic Calendar (UK Time):
-
08:00 Spain: Industrial Production for September (Previous: 3.4% YoY)
-
08:00 Eurozone: Speech by ECB's Schnabel
-
08:30 Germany and France: Construction PMI Indices
-
09:00 Norway: Norges Bank Interest Rate Decision (Forecast: 4.0%; Previous: 4.0%)
-
10:00 Eurozone: Retail Sales (Forecast: 0.2% MoM; Previous: 0.1% MoM)
-
12:00 UK: Bank of England Interest Rate Decision (Forecast: 4.0%; Previous: 4.0%, with a 6:3 vote split for holding, vs. 7:2 prior)
-
12:30 US: Challenger Job Cuts Report (Previous planned layoffs: 54k)
-
15:00 Canada: Ivey PMI (Forecast: 55.2; Previous: 59.8)
-
16:00 US: Speeches by Fed's Williams and Bar
-
17:00 US: Atlanta Fed GDPNow Forecast Publication
-
19:00 Mexico: Interest Rate Decision (Forecast: 7.25%; Previous: 7.5%)
-
19:00 US: Fed Balance Sheet Total (Previous: $6.587 trn)
Canadian trade balance data is unlikely to be published due to the ongoing US government work suspension and related data limitations.
Corporate Earnings Watch
Key corporate reports due today include AstraZeneca, ConocoPhillips, Airbnb, and the German defence giant Rheinmetall.
BREAKING: Challenger report - October layoffs hit 20-year high 📌
BREAKING: Norgesbank leaves interest rates unchanged
Arm Reports Record Quarterly Results Driven by AI and Data Center Demand
BREAKING: Germany Indstustrial Production Much Lower Than Expected
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
