Week ahead: ECB, Fedspeak in focus
The European Central Bank will likely dominate the headlines over the coming week, as rate-setters in Frankfurt meet on Thursday to decide on policy.
And this time around, ECB chief Mario Draghi's press conference and presser will take place against a backdrop of recent significant volatility in Italian sovereign debt and perhaps also of some signs of contagion to other euro area periphery debt markets as well as to some so-called 'semi-core' sovereigns, such as Spain.
Nevertheless, recent losses in Spanish debt probably also have much to do with the new government's more expansive (arguably too much so) fiscal policies ahead of what some believe will be an election year, in 2019.
Against that backdrop, investors will also be closely watching Rome's reply, on Monday, to Brussels's queries regarding its own fiscal plans.
On Friday meanwhile, Standard&Poor's is set to weigh-in with the conclusions of its review of Italy's sovereign debt, which some economists believe will see the ratings agency downgrade its outlook for the same from "stable" to "negative".
That same day, S&P and Fitch are also expected to publish their ratings reviews for the UK.
The economic data calendar in Britain will otherwise be quite sparse, although on Tuesday Bank of England chief economist, Andrew Haldane, and Governor Mark Carney are scheduled to give speeches at 12:30 BST and 17:20 BST, respectively.
Stateside, the week will be back-end loaded, with a preliminary reading on third quarter GDP set for release on Friday. The Fed's latest Beige Book, on Tuesday, will also draw some attention.
There is also a big line-up of Fed speakers ahead, with at least nine top US central bank officials slated to take to the podium over the coming week, including recently-appointed vice-president, Richard Clarida, on Thursday.
The calendar for US Treasury auctions is also on the heavy side and may weigh on the short-end of the interest rate curve in particular.
Further afield, policy-makers at Indonesia's central bank are set to meet to decide on rates on Tuesday, followed by their peers in Moscow on Friday.
Rate-setters at Norway's Norges bank will meet on Thursday.
Monday October 22
INTERIM DIVIDEND PAYMENT DATE
Standard Chartered
ANNUAL REPORT
Petra Diamonds Ltd.(DI)
AGMS
City of London Investment Group, CPL Resources, Vast Resources, Zibao Metals Recycling Holdings
TRADING ANNOUNCEMENTS
PCF Group
Tuesday October 23
INTERIMS
1Spatial, Bloomsbury Publishing, Whitbread
INTERIM DIVIDEND PAYMENT DATE
Pendragon, Playtech, The Simplybiz Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Producer Price Index (GER) (07:00)
Q3
Bunzl, Travis Perkins
IMSS
Reckitt Benckiser Group
AGMS
Aberforth Split Level Income Trust , Coral Products, Mcbride, Mirada, OPG Power Ventures, Vela Technologies
TRADING ANNOUNCEMENTS
Anglo American, Mcbride, Plus500 Ltd (DI), St James's Place
UK ECONOMIC ANNOUNCEMENTS
CBI Industrial Trends Surveys (11:00)
FINAL DIVIDEND PAYMENT DATE
Renishaw
Wednesday October 24
INTERIMS
Stobart Group Ltd., U And I Group
INTERIM DIVIDEND PAYMENT DATE
BBGI SICAV S.A. (DI), Hunting
INTERIM EX-DIVIDEND DATE
Howden Joinery Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
House Price Index (US) (14:00)
M3 Money Supply (EU) (09:00)
MBA Mortgage Applications (US) (12:00)
New Homes Sales (US) (15:00)
Q3
Antofagasta, Avast, Barclays, Fresnillo, Metro Bank
GMS
IndigoVision Group
FINALS
Image Scan Holdings
SPECIAL DIVIDEND PAYMENT DATE
Hargreave Hale AIM VCT
AGMS
Beeks Financial Cloud Group, Dekeloil Public Ltd, Photo-Me International, Redde
TRADING ANNOUNCEMENTS
Antofagasta, Image Scan Holdings, Tatton Asset Management
UK ECONOMIC ANNOUNCEMENTS
BBA Mortgage Lending Figures (09:30)
Thursday October 25
INTERIMS
Air Partner, Braemar Shipping Services
INTERIM DIVIDEND PAYMENT DATE
AIREA, Capital & Regional, GVC Holdings, Oakley Capital Investments Ltd. (DI)
INTERIM EX-DIVIDEND DATE
Aberdeen New Thai Inv Trust, Animalcare Group, Coats Group, Hansa Trust, Harwood Wealth Management Group, ITV, M&C Saatchi, Next Fifteen Communications, Rolls-Royce Holdings, S&U, Smart Metering Systems, Walker Greenbank, William Hill
QUARTERLY PAYMENT DATE
Fair Oaks Income Limited 2014 Shs NPV, Fair Oaks Income Limited 2017 Shs NPV, General Electric Co
QUARTERLY EX-DIVIDEND DATE
Custodian Reit , M Winkworth
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Durable Goods Orders (US) (13:30)
ECB Interest Rate (EU) (12:45)
GFK Consumer Confidence (GER) (08:00)
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
Initial Jobless Claims (US) (13:30)
Pending Homes Sales (US) (15:00)
Q3
Evraz, Lloyds Banking Group, Mail.ru Group Ltd GDR (Reg S), Novolipetsk Steel GDS (Reg S), Relx plc
FINALS
Debenhams, RDI Reit
SPECIAL EX-DIVIDEND DATE
Artemis VCT, Bioventix
AGMS
1pm, Alumasc Group, Filtronic, Goldplat, Green & Smart Holdings, Mattioli Woods, Octagonal, Oil & Gas Development Company Ltd GDR (Reg S), Premaitha Health, South32 Limited (DI) , Standard Life UK Smaller Companies Trust
TRADING ANNOUNCEMENTS
Hastings Group Holdings , WPP
FINAL EX-DIVIDEND DATE
Avingtrans, Bioventix, Dechra Pharmaceuticals, El Oro Ltd, Ferguson, Haynes Publishing Group, Joules Group, JPMorgan Emerging Markets Inv Trust, Mulberry Group, TR European Growth Trust, Wetherspoon (J.D.)
Friday October 26
INTERIM DIVIDEND PAYMENT DATE
Advanced Medical Solutions Group, Barr (A.G.), Central Asia Metals, Dignity, Equiniti Group , Flowtech Fluidpower, Global Ports Holding, Hansteen Holdings, HGCapital Trust, John Laing Group , JPMorgan Russian Securities, JTC, Keystone Law Group , Keywords Studios, Medica Group , Midwich Group, Mortgage Advice Bureau (Holdings) , Premier Technical Services Group , Smurfit Kappa Group, Strix Group , Trans-Siberian Gold, Xpediator
QUARTERLY PAYMENT DATE
Real Estate Investors, Standard Life Private Equity Trust, Value and Income Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
GDP (Preliminary) (US) (13:30)
U. of Michigan Confidence (US) (15:00)
Q3
International Consolidated Airlines Group SA (CDI), Royal Bank of Scotland Group
IMSS
Pendragon
AGMS
Argos Resources Ltd. (DI), K3 Capital Group , Paternoster Resources, Springfield Properties , Springfield Properties
TRADING ANNOUNCEMENTS
Glencore
FINAL DIVIDEND PAYMENT DATE
Consort Medical, Dart Group, Eckoh, Fulcrum Utility Services Ltd. (DI), IG Group Holdings, Mattioli Woods, Octagonal