Skip to content

The UK, US and the Eurozone in the week ahead

The UK, US and the Eurozone in the week ahead

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.

  • Visit spreadex website

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.

Share this article

Invest with these platforms

Hargreaves Lansdown

IG

Interactive Brokers

Interactive Investor

Charles Stanley

IG

Interactive Brokers

Charles Stanley

Looking for great investing ideas? Get our free newsletter.
Join our UK news channel on WhatsApp

This article does not constitute investment advice.  Do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Schroders

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top