The main events of Thursday!

On Thursday, November 1, the day is saturated with business activity data (PMI), but the market’s main attention will be focused on the results of the Bank of England meeting.

At 02:30 – the trade balance of Australia (September) , forecast 1.710B,  previous value  1.644B.

At 03:45 – Caixin manufacturing business index (PMI) (October) of China,  forecast 50.1, previous value 50.0.

At 08:45 – SECO consumer confidence index in Switzerland (Q4),  forecast  -8,  previous value  -7.

At 09:00 – data on real estate in the UK:
– Nationwide house price index  (m/m) (Oct), forecast  0.2%,  previous value  0.3%.
– Nationwide house price index  (y/y) (Oct),  forecast  1.9%,  previous value  2.0%.

At 10:15 – Swiss consumer price index (CPI) (m/m) (October), forecast  0.2%,  previous value 0.1%.

At 10:30 – SVME Switzerland Business PMI  (October),  forecast 58.8,  previous value 59.7.

At 11:30 –  manufacturing business index (PMI) (October) of the UK,  forecast  53.1,  previous value 53.8.

At 14:00 –  Bank of England meeting results :
– Bank of England Inflation Report.
– The total amount of the QE program of the Bank of England (November), forecast 435B,  previous value 435B.
– Interest rate decision (November),  forecast of 0.75%, previous value  0.75%.

At 14:30 – the speech of the head of the Bank of England Carney will take place.

At 14:30 – US data will be released:
– Initial jobless claims,  forecast  213K, previous value  215K.
– Nonfarm productivity  (q/q) (Q3), forecast 2.2%,  previous value  2.9%.
– Labor costs (q/q) (Q3), forecast 1.0%, previous -1.0%.

At 15:45 – business activity index in the manufacturing sector (PMI) (October) in the US, forecast 55.9, previous value 55.9.

At 16:00 – the news block on the USA:
– ISM manufacturing employment index  (October),  forecast 57.5,  previous value 58.8.
– ISM index of business activity in the manufacturing sector (PMI)  (Oct), forecast 59.0,  previous value  59.8.

Hanzenko Anton