Updated: the original version of this story stated that LVMH will release its quarterly results on Thursday, October 9. The company said that the data will be released on October 14 after the close of trading on the stock exchange in Paris. Oninvest apologizes to readers for inaccurate information.

Wall Street's focus this week will be on the development of the shutdown situation in the US. If the government shutdown continues, the publication of data on imports and exports of the world's largest economy, on wholesale trade and inventories, as well as key statistics on unemployment, on which the US Federal Reserve is focused, will be postponed. And this is despite the fact that last Friday the market has not seen the September data on non-farm payrolls - this complicates the understanding of the economic situation for both investors and regulators in anticipation of the next meeting of the Fed, which is less than four weeks away (to be held on October 28-29), writes Yahoo Finance.

Among the things that will definitely be published this week are the minutes of the September meeting of the Federal Reserve, following which the regulator decided to cut interest rates for the first time in 2025. Of interest to Wall Street will be signals about whether the agency will continue to cut rates at the two remaining meetings this year in October and December, notes The Wall Street Journal.

The corporate reporting season has not yet gathered momentum. Notable publications this week include the quarterly results of PepsiCo, Delta Air Lines and Levi Strauss.

China's markets will remain closed until October 9 due to the celebration of the main national holiday - China's Education Day and the Mid-Autumn Festival ("Golden Week"). This will delay the publication of the country's inflation and trade balance data, which are usually released at the beginning of the month.

On Monday, October 6, OpenAI will gather more than 1,500 developers for its annual DevDay conference, which Freedom Broker calls an important event for the semiconductor industry and the technology sector as a whole. This year's DevDay will feature OpenAI CEO Sam Altman and company president Greg Brockman, with the keynote being streamed live on openai.com. The ChatGPT developer promises to publish recordings of the rest of the sessions at a later date.

Constellation Brands will report quarterly results.

On Tuesday, October 7, the Federal Reserve Bank of New York will release its survey of consumer expectations for September. In August, consumer inflation expectations for the year ahead were 3.2%.

McCormick will release financial statements.

On Wednesday, October 8, the Federal Open Market Committee (FOMC) of the US Federal Reserve will publish the minutes of its September meeting on monetary policy. At that meeting, the regulator cut the interest rate by a quarter percentage point to a range of 4-4.25%. At the same time, recently appointed Fed Governor Stephen Miran spoke out against this decision: he insisted on a half-percentage point rate cut. According to Barron's, traders are confident of another quarter percentage point rate cut at the FOMC meeting in late October.

Delta Air Lines, Levi Strauss and PepsiCo will report quarterly results on Thursday, October 9.

On Friday, October 10, the University of Michigan will release the results of its October consumer sentiment survey. The consensus forecast is 54.5 points, down slightly from September's reading of 55.1. A serious disconnect between a rising stock market and pessimistic consumer sentiment has been evident in the U.S. for several years.

The U.S. Treasury Department will report on the state of the budget for September and the fiscal year 2025 that ended last month - assuming the government reopens. For the first 11 months of fiscal 2025, the nation's budget deficit rose to $1.97 trillion from $1.9 trillion a year earlier.

This article was AI-translated and verified by a human editor

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