Week commencing 9 October
US earnings season begins this week, providing the main driver of activity for the next month or so in equity markets. US consumer price index (CPI) is also on the calendar for the week, along with producer price inflation. Chinese inflation and UK gross domestic product (GDP) round out the week of major events.
12.30am – Australia Westpac consumer confidence (October): index expected to fall to 79.1. Markets to watch: AUSD crosses
1.30am – Australia NAB business confidence index (September): index forecast to fall to -2. Markets to watch: AUD crosses
1.30pm – US PPI (September): prices to rise 0.5% month-on-month (MoM), down from 0.7% in August. Markets to watch: USD crosses
7pm – Fed minutes. Markets to watch: US indices, USD crosses
7am – UK GDP (August): growth expected to be -0.1% MoM. Markets to watch: GBP crosses
1.30pm – US CPI (September), initial jobless claims (w/e 7 October): prices to rise 0.4% MoM and 3.8% year-on-year (YoY), from 0.6% and 3.7% respectively. Core CPI forecast to be 0.3% and 4.1% respectively, from 0.3% and 4.3%. Claims to rise to 208K. Markets to watch: US indices, USD crosses
4pm – US EIA crude oil inventories (w/e 6 October): stockpiles fell by 2.2 million barrels in the preceding week. Markets to watch: Brent, WTI
2.30am – China CPI, PPI, trade data (September): CPI expected to be 0.4% MoM and 0.2% YoY, while PPI recovers to -1% from -3% YoY. Exports to fall 4% YoY. Markets to watch: China indices, CNH crosses
3pm – US Michigan consumer sentiment (October): index expected to drop to 68 from 68.1. Markets to watch: USD crosses
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