Friday preview: US non-farm payrolls, in the spotlight

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Sharecast News | 03 Nov, 2022

All eyes at the end of the week will be on the October non-farm payrolls report due out in the US.

Consensus is for a 200,000 increase, although economists at Barclays Research are anticipating a slightly lower pace of 175,000.

Average hourly earnings are seen by Barclays printing at up by 4.7% in year-on-year terms, which the investment bank pointed out would be a similar pace to the average clip seen since late 2021.

In September, average hourly earnings were ahead by 5.0%.

Unemployment meanwhile was seen ticking higher by one tenth of a percentage point to 4.7% with the labour force participation rate steady ar 62.3%.

Across the Channel, at 0700 GMT, Germany's Federal Office of Statistics will release factory orders data covering the month of September.

It will be followed at 0900 GMT by S&P Global's final reading for its euro area services sector PMI (Preliminary: 48.2).

Another speech from European Central Bank President, Christine Lagarde, is scheduled for 0930 GMT.

On home shores, new car registration figures for October are due out at 0900 GMT with S&P Global's monthly construction PMI due out at 0930 GMT.

Friday 04 November

INTERIM DIVIDEND PAYMENT DATE

Andrews Sykes Group, Bodycote, Christie Group, Fintel, Gemfields Group Limited, Johnson Service Group, Judges Scientific, M. P. Evans Group, Medica Group , Mortgage Advice Bureau (Holdings) , TP Icap Group , Weir Group, Wickes Group

QUARTERLY PAYMENT DATE

CT UK High Income Trust, CT UK High Income Trust B , I3 Energy

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

Non-Farm Payrolls (12:30)

PMI Composite (EU) (09:00)

PMI Composite (GER) (08:55)

PMI Services (EU) (09:00)

PMI Services (GER) (08:55)

Producer Price Index (EU) (10:00)

Unemployment Rate (US) (12:30)

SPECIAL DIVIDEND PAYMENT DATE

Andrews Sykes Group, Mid Wynd International Inv Trust

AGMS

Celtic, DFS Furniture

UK ECONOMIC ANNOUNCEMENTS

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Alumasc Group, Barratt Developments, Brooks Macdonald Group, City of London Investment Group, Ingenta, Mid Wynd International Inv Trust

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