Markets across the week were focusing on both central bank tightening measures, and the earnings season going on in New York. In this scenario, it looks as if traders are still willing to bank upon the idea of the reopening trade showing explosive growth. However, the one thing that people continue to worry about is supply chain disruptions.
The upcoming week features a slew of economic events including some major central bank interest rate releases, such as the BoJ, BoC and the ECB. We also have GDP readings in the US and Germany, and inflation readings also in the US and Germany. In terms of earnings, the major ones to watch this week include the tech giants Facebook, Apple, Alphabet and AMazon.
Have a strong trading week!
Events
Monday
9:00 AM – German IFO index
Wednesday
1:30 PM – US durable goods orders
3:00 PM – Bank of Canada policy decision
Thursday
4:00 AM – BoJ rate decision
8:55 AM – German unemployment
12:45 PM – ECB decision
1:00 PM – German inflation
1:30 PM – US GDP
3:00 PM – US pending home sales
Friday
6:00 AM – Japan consumer confidence
8:00 AM – German GDP
10:00 AM – eurozone inflation
2:45 PM – US Chicago PMI (October)