Economic calendar: Focus on inflation and retail sales data

9:05 am 16 October 2019

  • CPI data from the United Kingdom, the euro area and Canada

  • US retail sales data for September to be released in the early afternoon

  • Fed and ECB central bankers to speak throughout the day

9:30 am BST - UK, CPI inflation for September. GBPUSD currency pair jumped to the highest level since June yesterday as draft Brexit deal was said to be finalized. Today’s data may be overlooked by investors just as yesterday’s labour market report was as markets are focused on Brexit. CPI inflation is expected to accelerate to 1.7% YoY in September (1.5% YoY earlier)

10:00 am BST - Euro area, CPI inflation for September. European CPI data released today will be the second print for September therefore its impact on the market is likely to be minor. The preliminary reading showed core CPI accelerating to 1% YoY while headline gauge slowed to 0.9% YoY.

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1:30 pm BST - US, retail sales for September. Retail sales report is the key US release scheduled for this week. US retail sales increased each month since February hinting at strength of the US consumer. Market does not expect change to this trend with headline retail sales reading forecasted to show a 0.3% MoM increase.

1:30 pm BST - Canada, CPI inflation for September. Canadian dollar regained some ground recently and will get another chance to move today with the CPI inflation scheduled for release. Market consensus sees headline gauge accelerating from 1.9% YoY in August to 2.1% YoY in September. When it comes to the Canadian dollar, traders should also keep in mind that federal elections will be held in Canada on October 21.

9:40 pm BST - API report on oil inventories. Crude oil inventories data will be released with a 1-day lag this week as most of the US business and federal agencies were shut on Monday for the Columbus Day. API report is expected to show a build of 2.7 million barrels and any reading higher than that could depress oil prices even more.

Central bankers’ speeches

  • 1:30 pm BST - ECB’s Knot

  • 2:00 pm BST - Fed’s Evans

  • 2:00 pm BST - BoE Governor Carney

  • 3:00 pm BST - ECB Chief Economist Lane

  • 6:00 pm BST - Bundesbank President Weidmann

  • 6:00 pm BST - Fed’s Kaplan

  • 7:00 pm BST - ECB Chief Economist Lane

  • 8:00 pm BST - Fed’s Brainard

  • 10:00 pm BST - Riksbank Governor Ingves

Major companies reporting earnings today

  • IBM (IBM.US) - after session closes

  • Netflix (NFLX.US) - after session closes

  • Bank of New York Mellon (BK.US) - before session opens

  • Bank of America (BAC.US) - before session opens

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