This week’s economic calendar from 9 to 13 October is packed with inflation indicators like CPI and PPI from many countries and many central banks speak schedules, as they would be very active this week due to the International Monetary Fund (IMF) and World Bank Group (WBG) week long annual meeting. Meanwhile, some would focus on governments or treasury bill/note/bond auctions as those yields become even more crucial than ever before.
On Monday (9 Oct), there won’t be a breaking number announced on this day though some publications such as Germany August industrial production (MoM), UK September BRC retail sales monitor (YoY), Japan adjusted august current account, Australia building approvals (MoM) and September NAB business confidence, would be in an attention of respective markets.
Meanwhile, ECB‘s Luis De Guindos and Andrea Enria, BoE MPC member Catherine L Mann, are scheduled to speak on Monday.
On Tuesday (10 Oct), some US short-term bonds would be auctioned on today such as the 3-year note, 6-month bill and 3-month bill, also the 5-year Japan government bond as well.
The number publications that one may keep their eyes on would be UK labor productivity (Q2), US 1-year consumer inflation expectations and August wholesale inventories (MoM).
Meanwhile, ECB President Christine Lagarde, FED Christopher J.Waller, FOMC members Raphael W.Bostic, Neel Kashkari, Mary Daly, German Bundesbank Burkhard Balz, RBA assistant governor Christopher Kent are scheduled to speak.
On Wednesday (11 Oct), many inflation indicators would be published such as German, Brazilian and Russian September CPIs (MoM)/(YoY) and also US and Japan September PPIs (MoM)/(YoY).
Meanwhile, many countries’ real estate data will be published on this day as well, starting from China new loans and outstanding loan growth (YoY), US MBA 30-year mortgage rate, Market, refinance and purchase Indexes, Canada August building permits (MoM) and UK September RICS house price balance.
Furthermore, there’ll be a publication of Japan Bank lending (YoY), machine tool orders (YoY) and August machinery orders (MoM)/(YoY) on Wednesday as well. In addition, the US 10-year note and UK 10-year treasury Gilt would be auctioned on the same day also.
Meanwhile, there’ll be the FOMC meeting minutes as the FOMC member Michelle Bowman and FED Waller, German Bundesbank Sabine Mauderer, BoJ board member Asahi Noguchi are all scheduled to speak on the same day.
On Thursday (12 Oct), there’ll be three chunks of the major economies to unload, starting from the UK in the morning. The UK August GDP (MoM)/(YoY), Monthly GDP 3M/3M change (Aug), NIESR monthly GDP tracker, August industrial production (MoM)/(YoY), August trade balance and the non-EU, also the BoE credit conditions survey.
Next, there’ll be a few hours break before the second chunk from the US publications. However, the OPEC and IEA monthly reports, India September CPI (YoY), along with August industrial production (YoY) and August manufacturing output (MoM), would be the side shows.
The US data train will start from the September core and headline CPIs (MoM)/(YoY), weekly initial jobless claims, September real earning (MoM), weekly natural gas storage and crude oil inventories, and also the report of US WASDE (World Agricultural Supply and Demand Estimates).
Moving to the monetary side, there’s also the 4- and 8-week bill, together with the 30-year bond that would be auctioned on Thursday. Also, Federal budget balance and reserve balances with Federal Reserve Banks would be announced as well.
Next up, there’ll be a few hours break again before the last chunk from China. Then again, there’ll be the side shows from New Zealand September business NZ PMI, electronic card retail sales (MoM)/(YoY), South Korea September unemployment rate, Japan foreign bonds buying and investments in Japanese stocks, also the M2 money stock and M3 money supply.
China’s data will start with September CPIs and PPIs (MoM)/(YoY), September imports, exports and trade balance (YoY).
Meanwhile, the BoE Deputy governor Sam Woods, MPC Member Huw Pill and ECB‘s Frank Elderson and Fabio Panetta are scheduled to speak as the ECB publishes the account of the monetary policy meeting. Also the FOMC Member Bostic will give a statement after the monetary data is published.
On Friday (13 Oct), there won’t be any high impact data left though there’ll be lots of inflation data from various countries to follow, starting from Switzerland September PPI (MoM)(YoY), India September WPI Inflation (YoY), France and Spain CPIs (MoM)/(YoY).
There also will be other data such as EU August Industrial Production (MoM)/(YoY), India Trade Balance and USD Reserve, US September Export and Import Price Indexes, also Baker Hughes Oil Rig Counts.
Meanwhile, the ECB President Lagarde, German Bundesbank President Joachim Nagel, Vice President Claudia Buch, BoE Governor Andrew Bailey and FOMC Member Patrick T.Harker both are scheduled to give a statement today as well.
Finally, the weekly CFTC speculation net position of derivatives trading such as currencies, commodities and futures indices, would be published on the same day as well. These net positions would roughly give a premonition of the direction of these underlying assets.
