Weekly Outlook: Oct 23 – 27; ECB & BoC Policy Meetings And U.S. GDP Ahead

The week ahead encloses the policy meetings of ECB and BoC. Moreover, the U.S. GDP, the Australian and Japanese inflation rates will be released while attention will be paid to the Markit PMIs as well.
Monday is a Labour Day in New Zealand. In the Euro area, German Buba monthly report will be published. The U.K. CBI industrial trends survey for orders for October is expected to rise at 13 from 7 before, while in the Euro area, attention will be paid to the preliminary consumer confidence for October.
Tuesday is a Markit day. The preliminary Markit PMIs for October will be released for the Germany, France, Euro area as a whole and the U.S. The manufacturing PMI in the Euro area is forecasted to slow down to 57.8 in October against 58.1 the previous month, while the services PMI is expected to edge higher to 55.9 from 55.8 before. In the U.S., the manufacturing sector is predicted to advance to 53.5 from 53.1 in September, according to PMI. No forecasts are available yet for the services and composite PMIs.
Overnight, the Australian CPI figure is expected to rise slightly to 2.0% in Q3, year-over-year, from 1.9% the prior quarter, while on a quarterly basis, the inflation rate is expected to pick up to 0.8% against 0.2% the second quarter.

Read the full financial markets weekly outlook on JFD Research.

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