Markets: What to look out for this week – Deutsche Bank

Analysts at Deutsche Bank suggest that it's a relatively quiet start for data releases on Monday as in Europe, we'll get the August industrial production in Germany, the September Bank of France business sentiment survey and October Sentix investor confidence reading for the euro area are all due.

Key Quotes

“There's no data due in the US; however, the Fed's Bullard is scheduled to make comments. Meanwhile, Italy's Deputy PM Salvini and France's Le Pen are due to take part in a conference, while Italy's Parliamentary Budget Office Head Pisuaro is due to speak. German Chancellor Merkel is also due to make comments on the future of Europe at a town hall. It's worth also noting that markets in Japan are closed on Monday while Columbus Day in the US may mean slightly thinner trading volumes than usual in the afternoon.”

“Tuesday: Overnight on Tuesday, we'll get the August trade balance in Japan before we get August trade data released in Germany. The only print due in the US is the September NFIB small business optimism reading. Away from that, we're due to hear from the ECB's de Galhau and Fed's Williams and Harker. The annual meetings of the IMF and World Bank will also kick off, continuing to October 14^th.”

“Wednesday: There's no overnight data scheduled to be released on Wednesday; however, we are due to hear from the Fed's Williams early in the morning. In Europe, the highlights should be August industrial production prints in France and the UK along with the August monthly GDP reading in the latter and latest trade balance reading. In the US, the main focus should be the September PPI report, while August wholesale inventories data is also due. Outside of that, we'll also hear from the Fed's Evans and Bostic. Brexit should also remain a focus with permanent representatives to the EU discussing Article 50 and the UK exit plan and EU Chief Negotiator Barnier due to present the draft political declaration.”

“Thursday: The big data highlight on Thursday comes in the afternoon when we'll get the September CPI report in the US. Prior to that, we'll also get final September CPI revisions in France and Spain, while also out in the US is the latest weekly initial jobless claims print and September monthly budget statement. The BoE's latest credit conditions and bank liabilities survey will also be out, along with the ECB minutes of the September 12-13 meeting.”

“Friday: Closing out the week on Friday will be the final September CPI revisions in Germany along with August industrial production data for the euro area. In the US, the September import price index reading and the preliminary October University of Michigan consumer sentiment survey will be out. September trade data in China should also be out at some stage, while the Fed's Evans and Bostic are due to speak. JP Morgan, Wells Fargo and Citi will release Q3 earnings.”