Economic calendar: Better than expected UK retail sales data, US housing and EU Leaders Summit in spotlight

Today's economic calendar features significant data releases from the UK and the US, alongside multiple central bank speeches and key company earnings reports. The focus will be on inflation data, retail sales figures, housing market indicators, and insights from Federal Reserve officials. Investors should also keep a track of the EU Leaders Summit. Today watch out for American Express (AXP.US) and Procter & Gamble (PG.US) earnings before the market starts. UK Retail Sales data come better than expected, GBP gains on the news.

Economic Data Releases (BST):

07:00 - UK Core Retail Sales (MoM) (Sep): actual: 0.3%, -0.3% forecast, previous: 1.1%

07:00 - UK Core Retail Sales (YoY) (Sep): actual: 4.0%, 3.2% forecast, previous: 2.3%

07:00 - UK Retail Sales (MoM) (Sep): actual: 0.3%,  -0.4% forecast, previous: 1%

07:00 - UK Retail Sales (YoY) (Sep): actual: 3.9%, 3.2% forecast, previous: 2.5%

13:30 - U.S. Building Permits (Sep): 1.450M forecast, previous: 1.470M

13:30 - U.S. Housing Starts (MoM) (Sep): previous: 9.6%

13:30 - U.S. Housing Starts (Sep): 1.350M forecast, previous: 1.356M

15:30 - U.S. Atlanta Fed GDPNow (Q3): 3.4% forecast, previous: 3.4%

18:00 - U.S. Baker Hughes Oil Rig Count: previous: 481 

18:00 - U.S. Baker Hughes Total Rig Count: previous: 586 

19:00 - U.S. Federal Budget Balance (Sep): 34.5B forecast, previous: -380B

20:30 - CFTC Speculative Net Positions for various assets

Central Banker Speeches:

11:00 - EU Leaders Summit

14:30 - FOMC Member Bostic Speaks

15:00 - FOMC Member Kashkari Speaks

17:10 - Fed Waller Speaks

17:30 - FOMC Member Bostic Speaks

Companies Reporting Earnings:

Before Market Open:

- Las Vegas Sands (LVS.US)

- American Express (AXP.US)

- Procter & Gamble (PG.US)