Last week, the bank earnings painted a very healthy picture of the U.S. economy with JP Morgan, Goldman Sachs, Wells Fargo, Morgan Stanley, and Bank of AMerica topping expectations. After such a strong first week, we have a slew of tech earnings from the likes of Netflix, Tesla, Philips, Intel, and IBM, which will help us understand how the electronics industry is faring with a shortage of microchips.
In terms of events, we have the crucial core inflation number from the U.K., from which we expect prices to climb 3.2% YoY, 0.4% MoM, and a climb of 2.9% of core CPI. We also have flash PMIs from the U.S, U.K., Eurozone, and Germany.
Events
Monday
3:00 AM – China GDP (Q3)
Tuesday
1:30 PM – U.S. housing starts & building permits
Wednesday
7:00 AM – UK CPI (September)
1:30 PM – Canada CPI (September)
3:30 PM – US EIA crude oil inventories
Thursday
1:30 PM – U.S. initial jobless claims
3:00 PM – U.S. existing home sales
Friday
12:30 AM – Japan CPI
7:00 AM – U.K. retail sales
8:15 AM – 9 AM – French, German & eurozone PMIs (October, flash)
9:30 AM – UK PMIs (October, flash)
2:45 PM – US PMIs (October, flash)