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More Brexit fallout, US-China tensions and an ECB press conference are the highlights of the final full week of October.

UK: Outcome of Brexit Super Saturday

A quiet start to the week clears the stage for the pound to react to the outcome of the historic ‘super Saturday’, be it deal, no deal or extension. Given the gains the currency has seen this October it is sitting in a pretty precarious position.

Beyond Britain’s shifting political situation, the region really has nothing going on this week, meaning the FTSE especially could be susceptible to any non-Brexit macro-concerns.

UK: Stocks to watch

There is, at least, a fairly busy corporate calendar. Reckitt Benckiser, Anglo American and Whitbread are on Tuesday, followed by Barclays and Antofagasta on Wednesday, AstraZeneca and RBS on Thursday, and WPP on Friday.

US: US-China tensions

Given the recent discord between the US and China over the Hong Kong Human Rights and Democracy Act, and the continued lack of substance regarding the ‘partial trade deal’ announced in mid-October, the markets are primed for any further developments, be they good or bad.

If that doesn’t materialise, US investors don’t have a whole lot to work with data-wise. Existing home sales arrive on Tuesday, with the durable goods orders and flash manufacturing and services PMIs on Thursday, and the revised UoM consumer sentiment numbers on Friday.

US: Stocks to watch

Earnings season also continues, with the most eye-catching names including McDonald’s on Tuesday; Microsoft, Boeing, eBay and Tesla on Wednesday; Intel, Amazon, Visa and Twitter on Thursday; and Verizon on Friday.

Eurozone: ECB monetary policy

Over in the Eurozone, the region sees its consumer confidence data on Wednesday, the flash services and manufacturing PMIs on Thursday, and the German Gfk consumer climate and Ifo business climate readings on Friday.

There’s also the small matter of the latest ECB monetary policy statement and press conference, following on from September’s stimulus announcement.

This article is brought to you in association with Spreadex. All opinions expressed in this article are from the author and do not necessarily represent the opinions of The Armchair Trader. You can find out more about Spreadex products and services here, or find more articles from Connor Campbell here.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

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