Market Analysis

Economic Diary:
Week Commencing 04/11/24


Monday 04 November

Indicator Previous Expected Actual
PMI Manufacturing   48.3 48.6 46.9
PMI Manufacturing   44.5 44.5 44.5
PMI Manufacturing   42.6 42.6 43.0
PMI Manufacturing   45.9 45.9 46.0
Factory Orders Factory Orders Chart -0.2% -0.5% -0.5%

Tuesday 05 November

Indicator Previous Expected Actual
Retail Sales (Office for National Stats) Retail Sales (Office for National Stats) Chart 1.7% +0.3%
RBA Cash Rate RBA Cash Rate Chart 4.35% 4.35% 4.35%
Industrial Production Month on Month   1.4% -0.6%
PMI Services   51.8 51.8
Trade Balance Trade Balance Chart -70.4Bln US -84.1Bln US
Trade Balance Trade Balance Chart -1.10Bln CA -0.80Bln CA
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 48.1
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 59.4
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 54.9 53.8
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 59.4
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 59.9

Wednesday 06 November

Indicator Previous Expected Actual
PMI Services   50.5 50.5
PMI Services   48.3 48.3
PMI Services   51.4 51.4
PMI Composite   49.7 49.7
PMI Services   51.2 51.2
PPI Month on Month PPI Month on Month Chart 0.6% -0.6%
PPI Year on Year PPI Year on Year Chart -2.3% -3.5%
EIA Weekly Crude Oil Stocks   -0.515Mln 1.800Mln

Thursday 07 November

Indicator Previous Expected Actual
Industrial Production Month on Month Industrial Production Month on Month Chart 2.9% -1.0%
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart 0.3% 0.2%
Trade Balance Trade Balance Chart 22.5Bln EU 20.9Bln EU
Retail Sales Month on Month Retail Sales Month on Month Chart 0.2% 0.4%
Retail Sales Year on Year Retail Sales Year on Year Chart 0.8% 1.3%
MPC Vote For Rate Hike   0 0
BoE Rate Decision BoE Rate Decision Chart 5.00% 4.75%
MPC Vote For Rate Cut   1 7
MPC Vote For Rate Unchanged   8 2
Weekly Jobless Claims Weekly Jobless Claims Chart 216k 221k
FOMC Rate Decision   4.875% 4.625%

Friday 08 November

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart -7.371Bln EU
Industrial Production Year on Year (wda) Industrial Production Year on Year (wda) Chart -3.2%
Industrial Production Month on Month (sa) Industrial Production Month on Month (sa) Chart 0.1% -0.2%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart -0.50%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 0.80%
Unemployment Rate Unemployment Rate Chart 6.5% 6.6%

Saturday 09 November

Indicator Previous Expected Actual
PPI Year on Year PPI Year on Year Chart -2.8% -2.5%
CPI Month on Month (China) CPI Month on Month (China) Chart 0.0%

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.