A Week in the Market: A Focus on Key Data (16-20 October)
2 minutes for reading
This week, investors will be interested in both the corporate earnings reports and the macroeconomic indicators from the US.
China: in the spotlight again
China is set to release reports on the GDP, industrial production, retail sales, and fixed asset investments. The stronger the data, the better for risk-related assets.
AUD: in a weak position
Australia is gearing up to present a large set of data. It is worth noting employment parameters and the business sentiment index. The Reserve Bank of Australia will publish the minutes of its last meeting, which might offer insight into the regulator's future actions. The AUD exchange rate is still considerably weak and could be bolstered by robust reports.
GBP: awaiting positive news
The UK is to release updates on the pricing landscape, including the producer input and producer output price indices, an official inflation report, and the retail price index. Given the GBP's current state of ambiguity, any positive news might help to bring stability to its position.
EUR: lack of guidance from the ECB
The eurozone is scheduled to unveil the ZEW economic sentiment index and deliver the final inflation figures for September. The EUR exchange rate appears weak, primarily as the European Central Bank refrains from issuing new signals suggesting changes in interest rates.
USD: still strong
US retail sales and real estate data take centre stage this week. The market continues to monitor any signals related to the Federal Reserve’s monetary decisions. The series of interest rate hikes is expected to remain paused at the November meeting. Demand for safe-haven assets keeps the USD in a strong position.