Taylor Nugent | Markets Research
Past Week
- A surprise jump in unemployment makes the RBA’s November decision a bit more complicated. We still expect a hold.
- NAB FX Strategy has updated its FX forecasts, taking a less bearish view of the big dollar.
Week ahead
- Quiet locally ahead of Q3 CPI the following week. RBA Governor Bullock speaks Friday and Albanese meets Trump Monday.
- BNZ expects NZ Q3 CPI (Monday) at 0.9% qoq. Trade data is Tuesday
- China is in focus, with Q3 GDP and September monthly activity data on Monday and the Fourth Plenum running through Thursday
- In the US, the government shutdown rolls into another week, though the delayed CPI report is published Friday. Earnings include Amazon, Netflix and Tesla.
- Global preliminary PMIs are published Friday and are the data focus in Europe. ECB’s speakers include 2 appearances from Lagarde.
- UK CPI (Wednesday) is the last key data ahead of the BoE’s 6 November meeting. Also note Japan CPI (Friday) and Canada CPI (Tuesday)
Also in the What to Watch
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