The week ahead: 10/10/22
Inflation hits the global headlines this week with CPI data due in Germany, the US, China and France. In the UK we’ll see the latest average earnings, claimant count change, industrial and manufacturing production and trade balance figures. The earnings schedule picks up in the second half of the week with reports from PepsiCo, BlackRock, Walgreens Boots Alliance, Fastenal, Delta, Südzucker, JPMorgan, Wells Fargo, Morgan Stanley, Citigroup, PNC, US Bancorp and UnitedHealth.
Monday 10 October
While Japan enjoys its Sports Day public holiday, it’s a quiet start to the week elsewhere. In the US, the Conference Board releases its employment trends index for September. In August the index, which is an aggregate of eight leading indices of employment, increased to 119.06 from an upwardly revised 118.20 in July.
Tuesday 11 October
A minute past midnight, the BRC publishes its latest retail sales monitor for the UK. Meanwhile in Australia we’ll get the October Westpac consumer sentiment index and the September NAB business confidence survey. The UK labour market is also in the spotlight with the latest average earnings and claimant count change.
Wednesday 12 October
Key data in the UK on Wednesday includes the RICS house price balance, industrial and manufacturing production and the latest trade balance. Look out too for eurozone industrial production, OPEC’s monthly oil production report and the US PPI for September. PepsiCo is also due to report quarterly results to the market. Last week Elon Musk announced that the food and drink multinational is set to take delivery of a new fleet of Tesla Semi Trucks in December.
Thursday 13 October
The earnings schedule gets busier on Thursday with figures from investment company BlackRock, pharmacy chain owner Walgreens Boots Alliance, industrial distributor Fastenal, US airline Delta, German sugar producer Südzucker, UK recruitment firm Hays and pizza chain Dominos. The global response to the cost-of-living crisis will be in the news with the latest German and US CPI data due to be released. In August the annual inflation rate in the US eased only slightly to 8.3%.
Friday 14 October
More CPI inflation data comes from China and France on Friday, along with Chinese and eurozone trade balance figures, US retail sales, the University of Michigan consumer sentiment and the latest US import and export price indices. We close the week with figures from financial services firms JPMorgan, Wells Fargo, Morgan Stanley, Citigroup, PNC and US Bancorp, plus US healthcare giant UnitedHealth, after last week completing its acquisition of Change Heathcare.
Published: 10 October 2022
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