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The Week Ahead 08th Oct 2018

We can expect a much quieter week from the economic data ahead of us which starts with Columbus Day Holiday in US. However US equity Markets will remain open for trading as per normal. The week ahead will mainly be driven by UK Gross Domestic Product (GDP)  and US Consumer Price Index (CPI) data. The trading week will finish with the release of Chinese Trade Data.

Monday – Columbus Day Holiday in US, Equity Markets remain open for business as per normal.

Wednesday at 9.30am UK Manufacturing and Industrial Production figures and more importantly UK Gross Domestic Product (GDP) are due. The market expectations are for GDP figure to show 0.2% from previously published 0.3%. This data could increase volatility in UK Equities and also in GBP currency crosses.

Wednesday at 1.30pm US Producer Price Index (PPI) data is due, current forecasts are pointing to unchanged reading of 2.8% for YoY and 0.2% from previously published -0.1% MoM. This data could impact volatility in US Equities and also in USD currency crosses.

Thursday at 12.30pm ECB Monetary Policy Meeting Accounts are due for release. These accounts are closely watched for any signs of change in ECBs economic and monetary analysis and future monetary policy stance. This data could impact volatility in EU equities and also in EUR currency crosses.  

Thursday at 1.30pm US Consumer Price Index (CPI) data is due. Current market forecasts are pointing to an increase to  2.8% from previously published 2.7% for YoY and unchanged 0.2% for MoM figures. 

Thursday at 4.00pm US Crude Oil Inventories are scheduled for release, a day later than normal due to the Columbus Day holiday on Monday. Current market expectations are for the inventories data to show a build of 5.082M barrels. Last week inventories showed 7.975M barrels build. This data could impact volatility in  WTI Crude and also Brent Crude futures.

Friday at 3.00am Chinese Trade data is due. Exports are forecasted to show 10.4% YoY from 7.9% previously. Imports are forecasted to show 2.6% YoY from previously published 18.8%. Trade Balance data is forecasted to show $19.4B from previously published $27.9B. This data could impact volatility in Asian equities and also in CNY currency crosses.   

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