The Week Ahead: U.S. bank earnings, Apple product launch, Prime Day

Next week is littered with major risk events, from stimulus talks in Washington to Brexit talks on the other side of the Atlantic.

What’s more, earnings season has crept up on us, with Covid and the US election stealing all of the headlines. Apple is also releasing a new 5G iPhone so there really is something for everyone.

Saturday, Oct. 10

– Kim Jong Un might have a military parade to mark the 75th anniversary of North Korea’s ruling Workers’ Party.

Economic Data

China money supply and new yuan loans to be released sometime this week

Sunday, October 11th

– Hungary holds a special election for a parliamentary seat, with Prime Minister Viktor Orban’s legislative supermajority hanging in the balance. The race will test the united opposition, which plans to field joint candidates in the 2022 elections.

Monday, October 12th

– Bond markets will be closed in the US and Canada for the US Columbus Day holiday and Canada’s Thanksgiving Day, respectively.

– Brexit endgame: The UK is coming up against another deadline to secure a trade deal with the EU. Limited progress has been made as sticking points on fisheries and state aid remain.

– The UK is weighing tougher coronavirus restrictions after lockdown failures

– ECB President Christine Lagarde leads off the virtual annual meetings of the International Monetary Fund and the World Bank Group. Through Oct. 18.

– Bank of England policy maker Jonathan Haskel speaks on the University of Exeter Economics Society’s webinar.

– BOE Governor Andrew Bailey appears at the BOE Citizens’ Panel open forum.

– The Institute of International Finance holds its annual membership meeting. BOJ Governor Haruhiko Kuroda and Riksbank Governor Stefan Ingves are among the speakers at this five-day event. Live-streamed, through Oct. 16.

– Milken Institute 2020 Global Conference convenes virtually with a theme of “Meeting the Moment.” Speakers include Pfizer CEO Albert Bourla and Anthony Fauci, the top U.S. infectious-disease official. Though Oct. 21.

– Switzerland publishes updated economic forecasts.

Economic Data

Mexico industrial production

Japan PPI, core machine orders

South Africa manufacturing production

Turkey current account balance, unemployment

India CPI, industrial production

Tuesday, October 13th

Earnings Season begins! JPMorgan and Citigroup kick things off in the morning.

– IMF World Economic Outlook is published

– Apple officially launches iPhone 12. A total of four iPhones will be launched.

Economic Data

US September CPI M/M: 0.2% eyed v 0.4% prior

Mexico international reserves

New Zealand food prices

Japan money stock

Germany ZEW survey expectations

Turkey industrial production

UK unemployment rate, jobless claims

China trade

Wednesday, Oct. 14

-Hong Kong Chief Executive Carrie Lam delivers the annual policy address.

-IMF Managing Director Kristalina Georgieva and World Bank President David Malpass give press conferences from the annual IMF/World Bank Meetings

– Bank of America and Goldman Sachs report earnings before the bell.

-Fed Vice Chair Richard Clarida speaks with IIF President Tim Adams at the IIF annual meeting.

-Dallas Fed President Robert Kaplan and Randal Quarles, vice chair for supervision at the Fed, will speak on financial supervision at an event hosted by Hoover Economic Policy Working Group. Kaplan will also hold a virtual town hall on recent economic developments.

-ECB Chief Economist Philip Lane and Governing Council members Francois Villeroy de Galhau, Robert Holzmann and Pablo Hernandez de Cos speak during an online conference.

-BOE Chief Economist Andy Haldane gives the Engaging Business Summit autumn lecture.

Economic Data

US Sept PPI Final Demand M/M: 0.1% eyed v 0.3% prior

Australia Westpac consumer confidence

Singapore monetary authority policy statement, GDP

Japan industrial production, capacity utilization

India wholesale prices

South Africa retail sales

Euro-area industrial production

Thursday, October 15th

– EU leaders meet for a two-day summit in Brussels. Topics to be covered include Brexit, climate change, Covid-19 and relations with Africa.

– Minneapolis Fed President Neel Kashkari talks to NYU Stern’s Center on the economy. Richmond Fed President Thomas Barkin speaks at the Economic Club of New York.

– Bank of Canada’s Deputy Governor Timothy Lane speaks on a panel.

– EIA crude oil inventory report

Economic Data

US Weekly Initial Jobless Claims, Empire manufacturing: 12.0eyed v 17.0 prior

Australia unemployment, participation rate

Polish CPI

China PPI, CPI

Trade: Indonesia, India

Japan tertiary industry index

Italy industrial orders

Friday, October 16th

– US retail sales for September could show the slowdown is here already. |

Economic Data

US: Baker Hughes rig count, September Advance Retail Sales M/M: 0.7% eyed v 0.6% prior, September Industrial Production 0.6%eyed v 0.4% prior, Oct Prelim Univ. of Michigan sentiment: 80.0eyed v 80.4 prior, TIC flows

Canada manufacturing sales

New Zealand performance of manufacturing index

Singapore non-oil domestic exports, electronic exports

Sovereign Rating Updates:

– United Kingdom (Moody’s)

– France (DBRS)

#1 Source for Crypto News | Ranked Top Crypto Writer on Medium. Run a Newsletter with 130,000+ Subscribers.