IG’s Week Ahead: Packed economic and corporate agenda

IG trading the markets

English - October 24, 2023 18:55 - 5 minutes - 5 MB - ★★★★★ - 1 rating
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Earnings for the third quarter continue apace. Intel, Amazon, Meta, Ford, Chevron, Exxon, Barclays, Lloyds, NatWest, Carrefour, Volkswagen, and Porsche and just a few of the companies reporting. There are also two rate meetings: the first comes mid-week with Canada and then Thursday the European Central Bank. Neither of which are expected to move although both may mention the sentiment recently delivered from the Fed chief that rates could stay high for longer on the rising price of oil.

On the economic agenda, a full raft of PMI data for both the service and manufacturing sectors are out in Japan, across the EU, the UK and later in the day the States. IGTV’s Jeremy Naylor says this is a good way to gauge the economic outlook as purchasing managers have to look into the future. Other data includes UK unemployment rate and a first look at Q3 GDP in both France and the US.

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