There are no Central Bank Meetings during this week but the Federal Reserve will publish its Beige Book in preparation for the FOMC Meeting slated for October 31 and November 1. In the UK, it is a big day and a big week, with both the Consumer and Producer Price Indexes due to be released today, then Retail Sales and Labour Market Data due to be released later in the week. The week is also a big one for China with releases of Consumer and Producer Prices along with Q3 GDP release.
Last week, Fed speakers had been divided in their comments; the Doves thought it was a mistake to keep raising rates with low Inflation. The Hawks urged that waiting could be a bigger mistake and that Inflation will eventually catch up.
Most Equity Indexes advanced last week. Investors idled with few catalysts to provoke action. Traders waited for the avalanche of third quarter earnings to begin while monitoring Central Bank Speak in anticipation of the October 25 meetings, when the European Central Bank and the Banks of Canada, Japan and England along with the Federal Reserve will hold Policy Meetings.
Potential Catalysts Tuesday High Impact
8:30 AM GMT UK CPI (YoY) (Sep)
9:00 AM GMT German ZEW Economic Sentiment (Oct)
10:00 AM GMT EuroZone CPI (YoY) (Sep) 10:15 AM GMT BoE Governor Carney Speaks
8:30 AM GMT UK PPI Input (MoM) (Sep)
9:00 AM GMT German ZEW Current Conditions (Oct)
10:00 AM GMT EuroZone Core CPI (YoY) (Sep)
12:30 PM GMT US Export and Import Price Index (MoM) (Sep)
1:15 PM GMT US Industrial Production (MoM) (Sep)
12:30 AM GMT Australia NAB Quarterly Business Confidence