- Markets in Europe will open slightly lower after a weaker session in the Asia-Pacific regions
- Final inflation data in Europe
- University of Michigan report from the US
The first part of today extended the gloomier sentiment after yesterday's publication of a higher-than-expected CPI report in the US. Right after the report, we could observe a sharp strengthening of the dollar, an increase in bond yields, and capital outflow from risky assets, including stocks. Indices from the Asia-Pacific region also started the session in a similar tone.
Declines in the indices from China accelerated after a new series of macro data. China's CPI for September was 0%, and the PPI was -2.5% YoY. After both consumer and producer prices turned out to be lower than expected, indicating that the country's economy is still struggling despite the government implementing a series of support measures, stocks in Hong Kong and mainland China continued to fall.
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8:00 AM (BST), Spain - inflation data for September:
- CPI: Expectations: 3.5% YoY; previously 2.6% YoY
- HICP: Expectations: 3.2% YoY; previously 2.4% YoY
8:00 AM (BST), Slovakia - inflation data for September:
- CPI: Expectations: 8.1% YoY; previously 8.9% YoY
9:00 AM (BST), Poland - inflation data for September:
- CPI: Expectations: 8.2% YoY; previously 10.1% YoY
3:00 PM (BST), US - University of Michigan report:
- Consumer sentiment: Expectations 67.5; previously 68.1
- 1-year inflation expectations: previously 3.2%
- YoY 5-year inflation expectations: previously 2.8% YoY
Bankers' speeches:
- 8:45 AM (BST) - Germany, Bundesbank - President Nagel
- 9:00 AM (BST) - UK, BoE - President Bailey
- 2:00 PM (BST) - ECB, BoE - President Lagarde
- 2:00 PM (BST) - Fed, BoE - Fed member Harker
