Spread betting – the week ahead in forex, indices, equities & commodities.

You can’t go very long these days without talking about Brexit and the topic will be front and centre this week as the Bank of England convenes for its monthly monetary policy meeting.

In September most members of the Monetary Policy Committee said they expect rates to fall further this year. Speaking last week, deputy governor Minouche Shafik said more stimulus would probably be needed to counter the “sizable economic shock” of Brexit. The interest rate decision will be announced Thursday at noon.

Ahead of this, sterling watchers will be eyeing the inflation data on Tuesday. So far there has been little evidence of rapid price growth. A higher-than-expected reading could dial back expectations for more easing from the BoE.

Earnings season gets underway in the US, with Alcoa sounding the opening bell for the Q3 results period. Financials get underway, with expected results from Citigroup, JPMorgan and embattled Wells Fargo. Trading on Monday may be quieter than usual due to the US Columbus Day holiday.




Economic Calendar

(All times are BST)

Monday, October 10th


All day – US, Japan and Canada bank holiday

Tuesday, October 11th


09:30 – UK CPI, RPI & PPI inflation data

10:00 – German ZEW economic sentiment

Tentative – UK - inflation report hearings

Wednesday, October 12th


19:00 – US FOMC meeting minutes

Thursday, October 13th


03:30 – China trade balance figures

07:00 – German final CPI

09:30 – UK retail sales

12:00 – Bank of England interest rate decision

13:30 – US weekly unemployment claims

16:00 – US crude oil inventories

Friday, October 14th


02:30 – China CPI, PPI inflation

09:30 – UK Bank of England Credit Conditions Survey

13:30 – US PPI inflation, retail sales figures

15:00 – Preliminary University of Michigan consumer sentiment

Earnings Calendar

Monday, October 10th

US – Alcoa (AA) – Q3/2016, EPS estimate 0.108

Tuesday, October 11th


US - BlackRock (BLK) – Q3/2016, EPS estimate 4.954

US - eBay (EBAY) – Q3/2016, EPS estimate 0.439

US - Wells Fargo (WFC) – Q3/2016, 1.010

Thursday, October 13th


UK – Sky (SKY) – Q1/2017

Friday, October 14th


US - Citigroup (C) – Q3/2016, EPS estimate 1.169

US - JPMorgan Chase & Co (JPM) – Q3/2016, EPS estimate 1.376

Source: Bloomberg