Wednesday preview: Employment report in focus

15th Nov 2016 15:11

(ShareCast News) - The employment report for October was expected to be the focus of trading, barring surprises from overseas.Economists at Barclays Research expected jobless claims would increase by just 500, while the unemployment rate for the three months to September was expected to print at 4.9%.In parallel, average weekly earnings were seen accelerating to a 2.5% year-on-year pace over the three months to September, from 2.3%, although the rate of growth in 'core' earnings was seen dipping from 2.3% to 2.2%.It was expected to be a quiet day in the euro area, with no major economic reports scheduled for release.However, in the States investors would likely still be closely monitoring everything coming out of Capitol Hill.On the economic calendar in the US, industrial production and factory gate prices referencing the month of October were due to be published.Investors would also be keeping tabs on remarks from another three Fed speakers who were expected to take to the podium.Meantime, and on the corporate front, Tesco's Capital Markets Day was likely to be the highlight of the day, alongside the latest financials from British Land, Barratt Developments, Fenner and ICAP.In its most recent trading statement, the company said it expected "some occupiers and investors to take a more cautious approach" but it was in a good position to continue delivering value.Analysts at Numis forecast the company would post interim earnings per share of 18.0p and net asset value per share of 879p.Wednesday 16 NovemberINTERIMSBritish Land Company, HICL Infrastructure Company Ltd, Schroder Real Estate Investment Trust Ltd, Speedy HireINTERIM DIVIDEND PAYMENT DATEInterQuest GroupINTERNATIONAL ECONOMIC ANNOUNCEMENTSCapacity Utilisation (US) (14:15)Crude Oil Inventories (US) (15:30)MBA Mortgage Applications (US) (12:00)Producer Price Index (US) (13:30)Q3MHP SA GDR (Reg S), New World Resources A SharesFINALSAB Dynamics, Avon Rubber, FennerIMSSBarratt DevelopmentsAGMSBarratt Developments, Celtic, Henderson EuroTrust, JPMorgan Emerging Markets Inv Trust, Vast ResourcesTRADING ANNOUNCEMENTSBarratt DevelopmentsUK ECONOMIC ANNOUNCEMENTSClaimant Count Rate (09:30)Industrial Production (US) (14:15)FINAL DIVIDEND PAYMENT DATEStrategic Equity Capital