Markets: What to expect this week? – Deutsche Bank

Analysts at Deutsche Bank suggests that it’s a very quiet start to the week as in Europe, we get the Euro-area's 2017 government debt to GDP ratio, while in the US, we get the September Chicago Fed National activity index.

Key Quotes

“Tuesday: Things continue to remain light on Tuesday. Overnight, we get Japan's September supermarket sales and final September machine tool orders. In Europe, we get the Euro Area's October consumer confidence, Germany's September PPI, Spain's August trade balance and in the UK the October CBI Trends total orders, selling prices and business optimism. In the US, we get the October Richmond Fed manufacturing index. Away from data, BOE Governor Carney and Chief Economist Haldane, and the Fed's Kashkari and Evans will be speaking at different times. Besides, Caterpillar, Verizon, Texas Instruments, Lockheed Martin, United Technologies and Harley Davidson will release their earnings.”

“Wednesday: Data picks momentum from Wednesday as we get preliminary October PMIs across the globe. We get Japan's October manufacturing PMI overnight followed by the release of composite, manufacturing and services PMIs for France, Germany and the Euro Area in the morning and then we get US composite, manufacturing and services PMI in the afternoon. Besides, we will also be getting France's October business confidence, manufacturing confidence, production outlook indicator and business survey overall demand along with September’s M3 money supply for the Euro Area and September finance loans for housing in the UK. In the US, we get latest weekly MBA mortgage applications, August’s FHFA house price index, September’s new home sales and the Fed's latest Beige Book. Away from data, the Fed's Bostic, Bullard and Mester will be speaking at different times. The European Council President Donald Tusk and the European Commission President Jean-Claude Juncker will present conclusions from the October 18-19 summit to the EU Parliament. Besides, Barclays, Microsoft, AT&T, Boeing and Ford will report their earnings.”

“Thursday: The key highlight of the day is the outcome of the ECB’s monetary policy meeting. Overnight we get Japan's September services PPI. In Europe, we get Spain's September PPI, Germany's October IFO business climate, expectations and current assessment index along with France's 3Q total jobseekers data. In the US, we get preliminary September wholesale inventories, durable goods orders and capital goods orders along with October’s Kansas City Fed manufacturing activity index, latest weekly initial jobless claims and continuing claims, and September’s pending home sales, advance goods trade balance and retail inventories. Away from data, UBS, Daimler, Twitter, Alphabet, Amazon and Intel will release their earnings.”

“Friday: The key highlight of the day is the advance Q3 GDP release for the US and the outcome of S&P's sovereign ratings review for Italy. Overnight we get October CPI for Tokyo in Japan. In Europe, we get the ECB’s survey of professional forecasters along with France's September PPI and October consumer confidence. In the US, we get the final University of Michigan October survey results as well as advance Q3 personal consumption, GDP price index and core PCE. Away from data, the ECB's Draghi and Coeure will be speaking at different times. In addition, Total will release its earnings.”