This week is packed with data and economic events that are important and could cause movements in the markets. In the US markets will focus on the results of the work of some companies such as Apple and Facebook, there will also be important decisions from some of the major central banks, which will be closely watched by markets.
Below are highlights of the most important data and economic events expected this week:
US Employment Data
Non-farm payrolls are expected to be released next Friday for October and the economy is expected to add about 190,000 jobs after adding 134,000 jobs in September, while unemployment is expected to rise slightly to 3.8 percent. At the same time, attention will be focused on wage numbers, which are expected to rise by 3.1% on yearly basis in October after rising by 2.8% in September.
Also, today's Core Personal Consumption Expenditure, which is the preferred gauge of inflation for the Fed, is expected to rise by 2% in September on a yearly basis.
European inflation data
Next Wednesday, the euro zone's preliminary inflation figures are expected to rise by 2.2% in October and the core index will rise by 1%. Inflation figures will also be published in a number of countries in the region, most notably Germany, Italy and Spain.
Next to inflation figures, preliminary GDP data will be released for the third quarter of 2018. The economy is expected to grow by 0.4 percent on a quarterly basis and by 1.9 percent on yearly basis.
British interest rate decision
The Bank of England is meeting this week and interest rates are widely expected to remain unchanged. Many experts believe that the Bank of England will wait until mid-year of 2019 to raise interest rates again.
Mark Carney will hold a press conference after decision and markets will be watching the central bank's guidance in the coming period. Of course, the Brexit negotiations will remain the most important event currently as the British departure date approaches which will be next March.
Japanese interest rate decision
The Bank of Japan is expected to keep interest rates unchanged at -0.10% and the 10-year government bond yield targets remain around zero. Also, there will be a press conference by Governor of BoJ, Haruhiko Kuroda, from which markets will be informed about the Bank's guidance of the central bank during the coming period.
Canadian Employment Data
The Canadian economy added 63.3 thousand jobs in September and is expected to add about 25,000 jobs in October. Unemployment is also expected to stabilize at 5.9%, and attention will be directed towards wage numbers, which slowed in September.
Also, attention will be focused on the testimony of Stephen Poloz, governor of the Bank of Canada, before the House of Commons and the Senate on Tuesday and Wednesday respectively.
Australian inflation data
Australia's consumer price index is expected to rise by 0.5% in the third quarter of 2018 following a 0.4% increase in the second quarter and by 1.9% on yearly basis.
