Friday preview: All eyes on the US employment report

There's are a number of key economic indicators due out in the UK and US on Friday, with the market's focus likely to be on crucial employment report Stateside scheduled for release at 08:30 in New York (13:30 London time).

There's are a number of key economic indicators due out in the UK and US on Friday, with the market's focus likely to be on crucial employment report Stateside scheduled for release at 08:30 in New York (13:30 London time).

Consensus estimates are for a 90,000 gain in non-farm payrolls in November, much worse than the 171,000 increase seen in October. Meanwhile, the unemployment rate is expected to remain at 7.9%.

However, Neil Irwin from The Washington Post believes that the figures are going to be a "giant mess".

"The biggest reason is Hurricane Sandy, which struck the Northeast at the tail end of October and has made most economic data in the last couple of weeks hard to parse," Irwin wrote on Thursday.

Other factors to take into account when considering the data include an early Thanksgiving, which could distort hiring patterns for retailers, and the looming 'fiscal cliff' which could hold back recruitment until the New Year.

As for this side of the Pond, UK industrial production figures are due out in the morning and are forecast to show a 0.5% monthly increase in October, compared with the 1.7% fall the month before.

However, manufacturing production is expected to slip by 0.2% month-on-month in the same month, compared with 0.1% increase in September.

INTERIMS

Berkeley Group Holdings (The), Photo-Me International, Polar Capital Holdings

INTERIM DIVIDEND PAYMENT DATE

Amati VCT , Balfour Beatty, BlackRock Smaller Companies Trust, Elderstreet VCT, London & Stamford Property , Marshalls, Maven Income & Growth VCT, Metric Property Investments , Pace, Rotala, SThree, Stobart Group Ltd., Walker Crips Group, William Hill

QUARTERLY PAYMENT DATE

Barclays

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Credit (US) (20:00)

Unemployment Rate (US) (13:30)

ANNUAL REPORT

MedicX Fund Ltd.

SPECIAL DIVIDEND PAYMENT DATE

Narborough Plantations

AGMS

Air Partner, Associated British Foods, Bezant Resources, Frontier Mining Ltd (DI), LP Hill, Minco, Renewable Energy Generation Ltd.

UK ECONOMIC ANNOUNCEMENTS

Industrial Production (09:30)

Manufacturing Production (09:30)

FINAL DIVIDEND PAYMENT DATE

Ashmore Group, BlackRock Greater Europe Inv Trust, Centaur Media, Craneware, James Halstead, JPMorgan Smaller Companies Inv Trust, Matchtech Group

Recommended

Three stocks to provide income and growth in good times and bad
Share tips

Three stocks to provide income and growth in good times and bad

Professional investor Matthew Page of the Guinness Global Innovators fund picks three resilient stocks that should pay predictable dividends that grow…
5 Aug 2022
Share tips of the week – 5 August
Share tips

Share tips of the week – 5 August

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
5 Aug 2022
Invest in defence stocks as war goes hi-tech
Share tips

Invest in defence stocks as war goes hi-tech

The operational efficiency of defence equipment and cybersecurity is developing rapidly owing to the war in Ukraine, says Jonathan Compton. Here’s wha…
4 Aug 2022
Enjoy the bear market rally while it lasts
Stockmarkets

Enjoy the bear market rally while it lasts

Investors seem to think that a weaker US economy will cool inflation and see the Fed relent on interest rate rises. But that optimism may be misplaced…
3 Aug 2022

Most Popular

Are UK house prices finally heading for a crash?
House prices

Are UK house prices finally heading for a crash?

The latest house price figures show a fall of 0.1% in July. With interest rates rising, inflation hitting double figures and a recession on the cards,…
5 Aug 2022
What is stagflation and what can be done about it?
UK Economy

What is stagflation and what can be done about it?

The threat of 1970s-style stagflation has returned, here’s what you need to know.
4 Aug 2022
Share tips of the week – 5 August
Share tips

Share tips of the week – 5 August

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
5 Aug 2022