5 Things to Watch on the Economic Calendar This Week

31.10.2016 / 13:17

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1. Fed Rate Decision
The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting at 2:00PM ET (18:00GMT) on Wednesday.
The central bank will also release its latest statement as investors look for any change in language which could point more clearly to a December rate hike.

2. U.S. Jobs Report for October
The U.S. Labor Department will release its October nonfarm payrolls report at 8:30AM ET (12:30GMT) on Friday.
The consensus forecast is that the data will show jobs growth of 175,000, following an increase of 156,000 in September, the unemployment rate is forecast to dip to 4.9% from 5.0%, while average hourly earnings are expected to rise 0.3% after gaining 0.2% a month earlier.

3. BOJ Policy Announcement
The Bank of Japan's latest rate decision is due during Asian hours on Tuesday. The BOJ will also publish a monetary policy statement, where it will assess the progress of its new yield-control framework.

4. Bank of England Rate Decision
The Bank of England will release its rate decision and minutes of its Monetary Policy Committee meeting at 11:00GMT (7:00AM ET) on Thursday.
Market analysts expect the BOE to stand pat on policy after comments from Governor Mark Carney combined with a slew of robust data in the past week saw fears of a recession in the near term abate.

5. Chinese Manufacturing Data for October
The China Federation of Logistics and Purchasing is to release data on October manufacturing sector activity at 01:00GMT on Tuesday (9:00PM ET Monday), followed by the Caixin manufacturing index at 01:45GMT (9:45PM ET).
The official China's manufacturing purchasing managers' index is forecast to remain unchanged at 50.4, while the Caixin survey is expected to inch up to 50.2 from 50.1 in the preceding month.

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5 Things to Watch on the Economic Calendar This Week

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