THE WEEK AHEAD

All eyes will be on the Reserve Bank's rates decision, while retail and building approvals data are on tap.

The first week of the new month brings a bunch of key economic indicators, including the Reserve Bank of Australia’s latest policy meeting.

Elsewhere in local news, retail trade and building approvals figures will be released.

Internationally, construction spending data and factory order figures are due in the United States.

In Europe, both the European Central Bank and Bank of England will make interest rate decision for October.

On the company scene, a number of groups will go ex-dividend this week, including David Jones and Woodside Petroleum, while Transurban Group and ASX will hold annual general meetings.

RBA

On Tuesday, the Reserve Bank of Australia will hold its October policy meeting, where it will make its decision on interest rates for the month.

The market will watch with baited breath, after the central bank said in the minutes of its last policy meeting that it has room to cut rates further amid falling commodity prices.

Despite that, experts are tipping the RBA will leave rates on hold at 3.5 per cent at the meeting.

Most analysts are expecting at least one more cut in the official rate this calendar year, with most of the focus centring on the first week in November.

Local news

Locally, a number of data releases are due from the Australian Bureau of Statistics.

Markets will be closed in New South Wales, the Australian Capital Territory and South Australia on Monday due to the New South Wales Labour Day holiday.

Elsewhere, TD Securites and the Melbourne Institute will release their consumer inflation gauge for September.

The Australian Industry Group and PricewaterhouseCoopers Australian performance of manufacturing index is also due.

Tuesday sees RP Data and Rismark release home price data for September.

Analysts are expecting the figures to show home prices lifted around 1 per cent in the month.

On Wednesday, trade balance data for September will be release from the ABS., while the AiG services PMI is also on tap.

Experts are tipping a trade deficit of $700 million for the month.

Thursday brings retail trade data for the month of August from the ABS, which is expected to show a flat result.

August building approval figures are also due. Economists are believe the data will show a 2 per cent gain in August.

Corporate

The week in company news sees a few companies go ex-dividend and a couple of annual general meetings.

Tuesday sees Woodside Petroleum trade ex-dividend, along with Mt Gibson Iron.

Dart mining will hold its AGM.

Overseas, United States automotive giants Ford Motor Company and General Motors will release sales data for September.

On Wednesday, David Jones will go ex-dividend.

Oroton Group trades ex-dividend on Thursday, while Transurban Group will hold its AGM.

On Friday, ASX will meet shareholders at its AGM.

Offshore

In overseas news, Monday brings August construction spending data in the United States, along with the September ISM manufacturing index.

The index is tipped to have risen by 0.2 points to 49.8, while construction is believed to have risen 0.5 per cent in the month.

The Markit performance of manufacturing index for September is also due.

In the United Kingdom, September consumer credit figures are awaited, alongside mortgage approvals and Halifax house price data for the month.

M4 money supply for September wraps up a big day globally.

Tuesday brings new car sales data in the US, alongside the performance of construction index for September.

Car sales are tipped to have increased by 30,000 to 14.5 million.

On Wednesday, the September ISM non-manufacturing index is awaited, along with the ADP employment report for the month.

Economists expect the report to show a 135,000 lift in jobs in the month.

Elsewhere, the weekly Energy Information Association’s petroleum status report is due, along with the Mortgage Bankers Association’s weekly mortgage applications report.

In the UK, the September Markit performance of services index will be released.

Thursday sees US factory order figures for August and jobless claims data. A 1.9 per cent fall in orders is tipped.

Elsewhere, the minutes of the latest Federal Reserve policy meeting will be made available to the public.

Across the Atlantic, the European Central Bank will hold its latest monthly policy meeting, where it will make its interest rate decision for October.

The Bank of England will also meet, where it will rule on the country’s cash rate.

Friday brings the US employment situation report for September, including average hourly earnings, nonfarm payrolls and unemployment rate data.

The report is expected to show a 120,000 lift in jobs during the month.

Consumer credit change figures for August are also due.

In the UK, the producer price index for September will be released.

Wrapping up

Rounding off, Chinese markets will be closed all week for the week-long China National Day holiday.

Monday sees San Francisco Federal Reserve president John Williams speak about capital markets in his home city.

On Wednesday, the World Trade Organisation’s general council meeting will kick off a three-day meeting.

Friday brings a speech from Credit Suisse Australia chief executive officer David Livingstone at a Committee for the Economic Development of Australia function in Adelaide.

Elsewhere, the Group of 24 Committee of the Whole will begin a two-day meeting.

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