This week will be quiet in the market especially compared to the one just passed. The FOMC minutes will be published on Wednesday, while the IMF meeting will take place on Friday. The RBA will release its Financial Stability Review, and in the meantime, traders will eye the U.S. CPI report.
Monday will be very quiet in terms of market volatility as U.S. will be on holiday due to Columbus day and Canada due to Thanksgiving day. In the Euro area, the Sentix investor confidence for October is expected to rise to 28.5 against 28.2 before. ECB’s executive board member Sabine Lautenschläger will give a speech. Later in the night, the National Australia Bank’s business confidence for September is coming out, and afterwards, RBA Assistant Governor Guy Debelle has a speech.
On Tuesday, the U.K. manufacturing and industrial production for August will be released. On a yearly basis, the manufacturing sector is forecasted to keep the same pace of growth with the previous month, of 1.9% while the industrial to have increased its production by 0.8% against a rise of 0.4% in July. The goods trade deficit for the month of August is anticipated to narrow to £11.20B from £11.58B before. Moreover, the NIESR GDP estimate for the three months to September is coming out. In the U.S., the FOMC Member Neel Kashkari will give a speech and the IBD/TIPP economic optimism for October is coming out.
Read the full financial markets weekly outlook on JFD Research.