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.
Economic reports
Weekly view
Monday
None
Tuesday
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
Wednesday
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
Thursday
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
Friday
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
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.