Week commencing 16th October
Chris Beauchamp's insight
Earnings season gets into its stride this week, with reports from across the US economy. US banks but also Netflix, Tesla, Johnson & Johnson and airlines report figures. Key economic events this week include UK employment and consumer price index (CPI) figures, along with the German ZEW index.
Economic reports - Weekly View
1.30pm – US Empire state mfg index (October): index expected to fall to -1.1. Markets to watch: USD crosses
1.30am – RBA meeting minutes. Markets to watch: AUD crosses
7am – UK employment data: August unemployment rate to hold at 4.3%, while average earnings for Jun-Aug rise 7.5%, down from 8.5%. Markets to watch: GBP crosses
10am – German ZEW index (October): index expected to fall to -16 from -11.4. Markets to watch: EUR crosses
1.30pm – US retail sales (September): sales expected to rise 0.3% MoM from 0.6% in the previous month. Markets to watch: USD crosses
1.30pm – Canadian CPI (September): prices expected to rise 4.5% YoY and 0.5% MoM, from 4% and 0.4% respectively. Markets to watch: CAD crosses
3am – China GDP (Q3): QoQ growth forecast to rise to 0.9% from 0.8%, while YoY growth slows to 4.6% from 6.3%. Markets to watch: China indices, CNH crosses
7am – UK CPI (September): prices expected to rise 6.5% YoY and 0.3% MoM, from 6.7% and 0.3% in August. Core CPI to rise 5.9% YoY from 6.2%. Markets to watch: FTSE 100/250, GBP crosses
1.30pm – US housing starts/building permits (September): permits to fall 4.9% and starts to rise 7%. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 13 October): stockpiles rose by 10.2 million barrels in the preceding week. Markets to watch: Brent, WTI
1.30am – Australia employment data (September): unemployment rate to hold at 3.7%. Markets to watch: AUD crosses
1.30pm – US initial jobless claims (w/e 14 October): claims to rise to 212K from 209K. Markets to watch: USD crosses
3pm – US existing home sales (September): sales expected to fall 2.1% MoM. Markets to watch: USD crosses
12.30am – Japan CPI (September): price growth forecast to slow to 3.1% YoY from 3.2%. Markets to watch: JPY crosses
7am – UK retail sales (September): sales expected to rise0 0.3% MoM and 3.5% YoY, from 0.4% and -1.4% respectively. Markets to watch: GBP crosses
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