Global Weekly economic Preview: Central bank decisions, inflation and big-tech earnings in focus
Global markets face a busy week as geopolitical tensions in Ukraine and the Middle East, tighter oil supplies and rising inflation concerns continue to shape investor sentiment. Preliminary October PMI readings across major economies will provide fresh insights into business activity, while corporate earnings from leading technology and industrial companies will offer clues about global growth and the outlook for AI-related investments.
United States: Investors will focus on October flash PMIs for signs of changing momentum in the manufacturing and services sectors, alongside housing market indicators, weekly jobless claims and the final University of Michigan consumer sentiment index. Building permits, housing starts, pending home sales, the Kansas City Fed Manufacturing Index and the Conference Board’s Leading Economic Index will provide further insights into economic conditions. The earnings calendar features major companies, including Meta, Tesla, Netflix, IBM, P&G, Texas Instruments and GE Aerospace. In Canada, CPI inflation, retail sales and producer prices will be closely watched, while Mexico and Brazil will release mid-month inflation figures.
Europe: UK inflation, producer prices, labour-market data, retail sales and public sector finances will take centre stage, with consumer price growth expected to accelerate and unemployment potentially rising further. Preliminary October PMIs across the Eurozone, Germany’s ZEW economic sentiment index, Eurozone consumer confidence and German producer prices will offer additional clues about regional economic momentum. Investors will also monitor European Commission economic sentiment indicators and other regional releases, alongside Turkey’s interest-rate decision. Corporate results from SAP, Nestlé, L’Oréal and Hermès will add to the week’s market drivers.
Asia-Pacific: Following China’s latest economic releases of GDP, industrial production, retail sales, unemployment and fixed-asset, investors will continue assessing the outlook for the world’s second-largest economy, with attention on the People’s Bank of China’s loan prime rate decision, where rates are widely expected to remain unchanged. In Japan, inflation, trade figures and preliminary October PMIs will be key indicators, while India and Australia will publish their own flash business surveys. Elsewhere, New Zealand’s Q3 inflation and trade data, Singapore’s CPI, and inflation releases from Hong Kong and Malaysia will attract attention. Interest-rate decisions from Bank Indonesia, the Bank of Korea and the Bangko Sentral ng Pilipinas will round out a packed regional calendar.
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