At the end of this month, October, the global financial markets will be flooded with many important reports that will drive market activity.
Investor interest in the United States is centered on preliminary estimates of quarterly PDB growth, non-farm payrolls (NFP) reports, crime rates, and JOLTS job vacancies. Other important reports include:
The ISM Manufacturing PMI.
The Conference Board’s consumer confidence index.
The PCE infrastructure report.
Private sector investment and spending data.
Due to high consumption, the increase of PDB AS in the fourth quarter is estimated to reach 3%. Meanwhile, the PCE report that was released last week predicts a 0.2% increase in prices and a slowdown in consumer spending in September.
Despite pressure from Badai Milton and stock price fluctuations at Boeing, the NFP employment outlook is bright, with projections for a rise to 140.000 in October, up from 130.000 in the previous month. With a slight increase to 0.3% from 0.4% previously, the predicted inflation rate remains stable at 4.1%.
In the context of monetary policy, the latest economic data raises questions about the need for a more conservative approach to reducing the risk of inflation rising again, even though the Federal Reserve confirmed the presence of a stimulus package in September. The economic imbalance will become much more evident this week due to the large number of economic reports that will be published.
Income indexes for S&P/Case-Shiller and FHFA housing markets, as well as consumer confidence, are included in this week’s economic report.
Investors will be watching the quarterly results of several large companies, including Microsoft, Alphabet, Visa, Meta, Tesla, Coca-Cola, Apple, Amazon, Mastercard, Exxon Mobil, and AbbVie, attentively on the other side.
global financial markets Europe will compile inflation and PDB growth statistics from a number of leading countries, including Jordan, Portugal, Italy, and Spain, among others, in the next world. China and Indonesia are also on the radar of Asian investors; both countries are expected to release important economic data this week.
Asia
In China, the primary report for the month of October will include the PMI manufacturing resmi index from NBS and the PMI manufacturing Caixin index, which is more extensive. Both indicators are expected to show that economic activity is still moderate, despite aggressive monetary intervention at the beginning of the month.
Meanwhile, in Indonesia, inflation figures for October will be released, providing more detailed information about the country’s consumer price situation.
This will also be an essential indicator for future monetary policy, especially for President Prabowo and his newly appointed economic team.
In Japan, the Bank of Japan is aiming to stabilize the yen, with investors focusing on the Kuartalan policy statement to determine when policy normalization would occur.
Interest in Taiwan and Hong Kong’s rising PDB quarter-yearly figures will also be considered. At the same time, Australia will gauge interest in data from the recently released CPI quarter-yearly statistics to show that inflation is still below the RBA’s target.
