Tuesday's session across global financial markets is marked by the assessment of economic conditions in Asia and anticipation of the afternoon data slate from the United States. The day began with positive surprises from South Korea, where Q3 GDP growth significantly beat analyst expectations, and China, where YTD industrial profits maintained a solid pace of expansion at 15.5%. Core market sentiment remains balanced as investor focus pivots toward key US releases: durable goods orders and the Conference Board consumer confidence index. In addition, ongoing trade developments and earnings reports from technology and industrial heavyweights are set to drive heightened volatility across Wall Street equity index futures, US dollar (USD) currency pairs, and the crude oil market ahead of the late API inventory report.
Key Releases from the Asian Session
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00:00 South Korea – GDP QoQ (Q3). Actual: 1.0% (Forecast: 0.7%; Previous: 0.6%). The YoY figure stood at 3.4% (Forecast: 3.0%; Previous: 3.7%), confirming a solid rebound in domestic demand and technology exports.
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00:50 Japan – Services Producer Price Index (CSPI) YoY. Actual: 3.7% (Forecast: 3.7%; Previous: 3.5%), consistent with persistent inflationary pressures in the Japanese services sector.
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02:30 China – Industrial Profits YTD (Sep). Actual: 15.5% (Previous: 15.7%), reflecting stable earnings generation across core industrial branches despite structural headwinds.
Macroeconomic Calendar (CET)
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08:00 Sweden - Trade Balance. Consensus: no data. Previous: -11.9B SEK.
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08:00 Turkey - Unemployment Rate. Consensus: no data. Previous: 7.8%.
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08:45 France - Consumer Confidence. Consensus: 84 pts. Previous: 86 pts.
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09:00 Spain - Unemployment Rate. Consensus: no data. Previous: 9.87%.
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10:00 Eurozone - M3 Money Supply YoY. Consensus: no data. Previous: 2.9%.
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13:30 USA - Durable Goods Orders Prelim MoM. Consensus: no data. Previous: -0.1%.
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13:30 USA - Core Durable Goods Orders Prelim MoM. Consensus: no data. Previous: 0.5%.
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14:00 USA - FHFA House Price Index MoM. Consensus: no data. Previous: 0.1%.
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14:00 USA - S&P/Case-Shiller 10-City Home Price Index YoY. Consensus: no data. Previous: 3.4%.
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15:00 USA - Conference Board Consumer Confidence. Consensus: no data. Previous: 81.9 pts.
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15:00 USA - New Home Sales. Consensus: no data. Previous: 684K.
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15:00 USA - Richmond Fed Manufacturing Index. Consensus: no data. Previous: -17 pts.
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21:40 USA - API Weekly Crude Oil Stock Change. Consensus: no data. Previous: -1.58M bbl.
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22:00 Chile - Interest Rate Decision. Consensus: no data. Previous: 5.25%.
Calendar for Poland
The domestic economic schedule does not anticipate any major macroeconomic data releases from Statistics Poland (GUS) or the National Bank of Poland (NBP) on Tuesday. Local market attention remains focused on quarterly earnings releases from companies listed on the Warsaw Stock Exchange.
Corporate Earnings (Wall Street & Europe)
Pre-market:
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Boeing Company (pre-market)
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The Coca-Cola Company (pre-market)
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United Parcel Service (pre-market)
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HSBC Holdings (pre-market)
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Orange SA (pre-market)
Post-market:
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Visa Inc. (post-market)
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Logitech International (post-market)
3 Markets to Watch
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US Dollar (EURUSD): The focal points of the session are the durable goods orders release (13:30) and the Conference Board print (15:00). Above-consensus readings would reinforce the greenback's positioning in the context of expectations regarding the Federal Reserve's monetary policy easing path.
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US Equity Indices (S&P 500 / Dow Jones): The convergence of corporate investment data (durable goods) and key corporate earnings across the industrial and consumer sectors (Boeing, UPS, Coca-Cola) will dictate directional sentiment at the New York cash open.
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Crude Oil (WTI / Brent): The commodity is drawing support from solid Chinese industrial earnings and South Korean GDP expansion, while the late API inventory report (21:40) will trigger repositioning ahead of the official EIA petroleum status report.
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