Wednesday preview: US ADP payrolls report in focus
The market spotlight will shift towards the other side of the Pacific on Wednesday, as consultancy ADP publishes its private sector payrolls survey for November.
Its results may feed into expectations for the official monthly non-farm payrolls report due out on Friday, especially given steadily growing concerns regarding the recent slowdown in hiring.
To take note of, the consensus forecast for the ADP report is for a 430,000 rise in private sector payrolls but some economists were anticipating a substantially lower.
Ian Shepherdson, chief economist at Pantheon Macroeconomics, was an outlier among those, projecting an outright drop of 200,000.
Meanwhile, Federal Reserve chairman, Jerome Powell, will testify for a second time on the government's CARES act, this time before a financial panel of the US House of Representatives.
Later in the evening, and in the run-up to its next policy meeting, the Fed will publish its Beige Book.
Across the Channel meanwhile, readings on unemployment and producer prices in the euro area covering the month of October are expected at 1000 GMT.
Investors will also be keeping eyes out for any policy-relevant remarks from European Central Bank chief economist, Philip Lane, from 1400 GMT onwards, at the Thomson Reuters Global Investment Summit.
No major economic releases are scheduled for release in the UK.
Wednesday 2 December
Augmentum Fintech, Loungers
INTERIM DIVIDEND PAYMENT DATE
BlackRock Smaller Companies Trust
INTERIM EX-DIVIDEND DATE
James Halstead 5.5% Cumulative Preference 1
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Producer Price Index (EU) (10:00)
Retail Sales (GER) (07:00)
Unemployment Rate (EU) (10:00)
Avon Rubber, Ixico, Residential Secure Income, Stock Spirits Group
Brighton Pier Group (The), JPMorgan Global Markets Emerging Income Trust, Kingswood Holdings Limited, Target Healthcare Reit Ltd, Tri-Star Resources
UK ECONOMIC ANNOUNCEMENTS
BRC Shop Price Index (00:01)
PMI Construction (09:30)
FINAL DIVIDEND PAYMENT DATE
Clinigen Group, London Finance & Investment Group