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The Week Ahead 15th Oct 2018

We have a busy week ahead of us, which will mainly be impacted by UK Consumer Price Index (CPI), Retails Sales and Unemployment data.  Eurozone Consumer Price Index (CPI) data and EU Brexit Summit. US Retails Sales, Federal Reserve Minutes and  Chinese Gross Domestic Product (GDP) data releases. Also in US earnings season will continue with Schroders, Bank Of America, Rio Tinto, Goldman Sachs, Morgan Stanley, Netflix, Johnson & Johnson, IBM, BHP Billiton, eBay, Alcoa, Unilever, American Express, Paypal. Schlumberger, Procter & Gamble, all reporting Half/Quarterly Earnings.

Monday at 1.30pm US Retail Sales are due for release, Expectations are for 0.5% figure from previously published 0.1% MoM for September.  This data could increase volatility in US Equities and USD Currency Crosses.

Tuesday at 9.30am UK Average Hourly Earnings are scheduled for release. Market expectations are for earnings excluding bonuses to show 2.8% from previously published 2.9% and earnings including bonuses to show 2.4% from previously published 2.6%. This data release could impact volatility in UK equities and GBP currency crosses.

Wednesday at 9.30am UK Consumer Price Index (CPI) data is due. Current market forecast is pointing to 1.8% figure from previously published 2.1% YoY for September. This data release could impact volatility in UK Equities and GBP currency crosses.

Wednesday at 10.00am Eurozone Consumer Price Index (CPI) data is due. Current market forecast is pointing to 1.0% figure from previously published 0.9% YoY for September. This data release could impact volatility in European Equities and EUR currency crosses.

Wednesday at 7.00pm US Federal Reserve (FOMC) minutes are due for release.  This data will be closely watched and analysed for any indication of voting patterns in relation to the most recent rate hike. This data release could impact volatility in US Equities and also USD currency crosses.

Thursday at 1.30am Australian Unemployment data is scheduled for release. Current market expectations are pointing to unchanged figure of 5.3% and 15.000 new jobs created for the months of September. This data could increase volatility in Australian Equities and AUD Currency crosses.   

Friday at 3.00am China Gross Domestic Product GDP  for Q3 is scheduled for release. Quarterly  growth is forecasted to drop to 1.6% from previously published 1.8%, and YoY figure is forecasted to come in at 6.6% from previously published 6.7%. This data could impact volatility in Asian Equities and also in CNH currency crosses.

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