Weekly Global Economic Preview: Markets brace for US inflation data, earnings and Iran risks
Global markets will navigate a busy economic calendar this week, with developments in US-Iran negotiations, energy-driven inflation and elevated bond yields keeping investors on edge. US inflation data and the start of the third-quarter earnings season will dominate sentiment, alongside speeches by central bank officials and the IMF’s updated global growth outlook.
US: US CPI and PPI figures will take centre stage, offering fresh clues on inflation and the Federal Reserve’s policy outlook. Retail sales, industrial production and housing data will also be monitored. Meanwhile, major banks, including JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs, will report earnings, alongside Johnson & Johnson. The IMF and World Bank annual meetings, the IMF’s updated World Economic Outlook and speeches by global central bankers will be in focus.
Europe: Investors will assess final eurozone inflation, industrial production and trade figures for fresh signals on economic conditions. Germany’s final inflation and wholesale price data will be accompanied by inflation releases from France, Spain and Italy. In the UK, GDP, industrial production and goods trade figures will be key indicators of economic momentum. Sweden’s unemployment and household consumption data, along with Turkey’s retail sales, will round out the regional calendar.
Asia: China’s September CPI and PPI inflation, trade balance, exports, imports will offer insights into domestic demand, industrial pressures and the impact of trade restrictions. Japan will release producer price inflation, bank lending and machinery orders. In India, consumer and wholesale inflation, trade data and unemployment figures will be closely monitored. Australia’s labour market data, business confidence and Reserve Bank meeting minutes will also be in focus. Elsewhere, Singapore’s GDP and trade figures, Malaysia’s GDP and South Korea’s unemployment data will provide further regional economic signals.
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