Wednesday preview: Fed minutes, PBoC decision in focus
In the case of the Fed, Michael Hewson at CMC Markets UK said the market spotlight would be on any clues contained in the meeting minutes about the reasoning behind the apparent pause in the US central bank's interest rate cutting cycle.
"In his post meeting press conference Fed chair Jay Powell went even further by saying that Fed officials saw that the current stance was likely to remain appropriate, in the absence of further deterioration in the data," Hewson said.
As for China, recent soft readings on economic activity had triggered speculation regarding the possibility that further interest rate cuts lay ahead.
Wednesday November 20
Alpha Financial Markets Consulting, Argentex Group , Creightons, Intermediate Capital Group, Liontrust Asset Management, United Utilities Group
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INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Producer Price Index (GER) (07:00)
Mitchells & Butlers, SSP Group
Brand Architekts Group, Finsbury Food Group, Jupiter US Smaller Companies , Origin Enterprises, Rainbow Rare Earths Limited NPV
Direct Line Insurance Group
UK ECONOMIC ANNOUNCEMENTS
CBI Industrial Trends Surveys (11:00)
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