IG’s Week Ahead 30/10/2023: Fed rates; Apple earnings

In a week where the hour changes in Europe but not in the States, all the scheduled times in the US will be different to the usual release times, including the US rate decision. This is for the period until the US time change comes into effect the following week. On the calendar are three rate meetings. First is the Bank of Japan, which has been monitoring USD/JPY above ¥150 for the first time in a year. No change is expected from the BoJ. There is also no change expected for either the Federal Reserve or the Bank of England whey they announce their decisions on Wednesday and Thursday respectively. Elsewhere on the economic agenda there’s the first look at Q3 GDP in Germany, France and the eurozone. All of those releases are expected to see a wide divergence from the recent strong number in the US. Earnings finally start to abate, with the highlights in the week ahead being oil companies Shell and BP, brewers Carlsberg and Ab-InBev, retailers Sainsbury’s and Next, and tech giant Apple. Apple trades all-sessions on the IG platform and so represents a trading opportunity when it releases its numbers on Thursday. 

Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. 

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