The week's most market-moving news is likely to be from the US on Friday, first with retail sales then industrial production. Opening the week on Monday will be Japanese machinery orders where, in the general theme of global data, slowing is the expectation. Chinese trade data is scheduled to follow on Tuesday in a report that, in contrast to trade data from most other countries, is expected to show another month of robust export growth. The UK labour market report will also be posted on Tuesday as will Germany's ZEW report which, for the latter, is expected to prove favorable once again. The CPI from the US will be Wednesday's highlight and modest results are the call with China's CPI to follow on Thursday amid similar expectations. Other price data will also follow on Thursday, this time from Switzerland where another month of persistent deflation is expected for the producer and import price index. US retail sales, which slowed in August, are expected to prove a bit better in September, while industrial production, which has been struggling to return to pre-virus levels, is also expected to post a moderate-to-solid gain. Also Friday, and a possible market mover, will be US consumer sentiment for a timely update on the psychological effects of the ongoing election and President Trump's Covid diagnosis. Another US report, where uncertain scheduling is at play, will be September's Treasury statement that will wind up the government's colossal fiscal year.
|
No comments:
Post a Comment