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The Week Ahead

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 Monday 1.30pm – US Empire state mfg index (October): index expected to fall to -1.1. Markets to watch: USD crosses Tuesday 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 Wednesday 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 Thursday 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 Friday 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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Publication date:

2023-10-16 09:00:44 (GMT)

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