Last Week Recap
- OPEC decided to maintain production cuts to keep supply tight.
- Over the weekend, escalating geopolitical tensions drove market volatility.
- Better than expected JOLTS and NFP data in the U.S. have raised concerns about potential interest rate hikes.
The Week Ahead
Earnings season has started, with notable companies such as PepsiCo Inc. (PEP), Delta Air Lines Inc. (DAL), Domino’s Pizza Inc. (DPZ), UnitedHealth Group Inc. (UNH), and JP Morgan Chase & Co, (JPM), BlackRock Inc. (BLK), and Wells Fargo & Company (WFC) set to report their results.
Moreover, in the upcoming week, major news awaits the U.S., UK, and China.
The U.S.
The Producer Price Index (PPI) m/m, an inflation indicator, is scheduled to be released by the Bureau of Labor Statistics on Wednesday, October 11, 2023, at 4:30 PM, GMT+4 (Dubai Time).
Another inflation indicator known as the Consumer Price Index (CPI) y/y is set to be released by the Bureau of Labor Statistics on Thursday, October 12, 2023, at 4:30 PM, GMT+4 (Dubai Time).
The Prelim UoM Consumer Sentiment is scheduled to be released by the University of Michigan on Friday, October 13, 2023, at 6:00 PM, GMT+4 (Dubai Time).
The UK
Gross Domestic Product (GDP) m/m is set to be released by the Office for National Statistics on Thursday, October 12, 2023, at 10:00 AM, GMT+4 (Dubai Time).
China
Both the Consumer Price Index (CPI) y/y and the Producer Price Index (PPI) y/y are scheduled to be released by the National Bureau of Statistics of China on Friday, October 13, 2023, at 5:30 AM, GMT+4 (Dubai Time).
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