- Decision on interest rates in the UK
- Publication of final PMI data from the industry
- Durable goods orders in the USA
Futures on European indices suggest a continuation of the rises after yesterday's optimistic closing of the session on Wall Street. Both DE30, EU50, and UK100 are listed slightly positive.
Futures (UK100) on the UK's FTSE 100 Index are gaining 0.2% on the day when the decision on interest rates by the Bank of England (BoE) will be announced. Currently, the market consensus indicates that the rates will be maintained at the current level of 5.25%. The market expects that the BoE will maintain the current level until the middle of next year.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appToday, investors will also learn the set of PMI data for the industry from European countries. This will be another series of final PMI data for October. Expectations for most countries indicate a weak level of results below the 50-point threshold, indicating economic contraction. Among today's publications, Germany is expected to fare the worst, for which the PMI index is expected to be 40.7 points, which still represents a slight improvement compared to the previous month.
Detailed calendar of the day:
9:00 AM GMT Poland - Industry PMI for October; expectations: 44.5; previously: 43.9
9:15 AM GMT, Spain - Industry PMI for October; expectations: 47.0; previously: 47.7
9:30 AM GMT, Switzerland - Industry PMI for October; expectations: 45.0; previously: 44.9
9:50 AM GMT, France - Industry PMI for October; expectations: 42.6; previously: 44.2
9:55 AM GMT, Germany - Industry PMI for October; expectations: 40.7; previously: 39.6
10:00 AM GMT, Eurozone - Industry PMI for October; expectations: 43.0; previously: 43.4
1:00 PM GMT, UK - decision on interest rates, expectations: 5.25%, previously: 5.25%
1:30 PM GMT, US - Jobless Claims data in the USA:
- Expectations: 210k; previously: 210k
3:00 PM GMT, US - durable goods orders for September:
- Overall: expectations: 4.7% m/m; previously: -0.1% m/m
- Excluding transport: expectations: 0.5% m/m; previously: 0.5% m/m Factory orders: expectations: 2.3% m/m; previously: 1.2% m/m
