The shutdown of most federal agencies in the US has delayed the publication of macroeconomic statistics. But this week the economic picture should partly clear up for Wall Street: the Bureau of Labor Statistics (BLS) will publish inflation data (CPI), which it was supposed to show back on October 15. Meanwhile, the U.S. Federal Reserve's Federal Open Market Committee (FOMC) will enter a "quiet period" ahead of its October 28-29 meeting, according to Yahoo Finance.

The third-quarter earnings season continues in the US corporate sector, with about 80 companies in the S&P 500 index reporting earnings this week. Among them are the world's most expensive automaker Tesla, streaming giant Netflix and Coca-Cola, traditionally considered an indicator of consumer demand. Also expected are reports from major arms developers Northrop Grumman and Lockheed Martin. Investors' attention to them has increased against the backdrop of increased defense spending by the US NATO allies in Europe.

On Monday, October 20, the National Bureau of Statistics of the People's Republic of China published data on the country's GDP for the third quarter. According to official data, the growth of the world's second economy in annualized terms slowed in July-September to 4.8% from 5.2% at the end of the second quarter and became the lowest since the third quarter of 2024. The statistics office warned that China's economy faces significant risks and external headwinds, while the foundation for recovery remains fragile, Trading Economics reported.

Steel Dynamics will disclose quarterly results.

On Tuesday, October 21, the Japanese parliament will choose a new prime minister, and the chances of the leader of the ruling Liberal Democratic Party Sanae Takaichi to become the first woman at the head of the Japanese government are 98%, writes Nikkei Asia with reference to data from the Polymarket platform. Earlier, Takaichi advocated the expansion of budget spending and easing of monetary policy, which contributed to the growth of stocks and weakening of the yen, recalls the publication.

Coca-Cola, GE Aerospace, General Motors, L'Oreal, Lockheed Martin, Netflix, Northrop Grumman, Philip Morris International and RTX will present financial statements.

AT&T, IBM, GE Vernova, Heineken, Hermes, Kering, SAP and Tesla will report earnings on Wednesday, October 22.

T-Mobile, Blackstone, Dassault Systemes, Ford Motor, Intel, Newmont and Renault will release earnings reports on Thursday, October 23.

On Friday, October 24, the BLS will release the U.S. Consumer Price Index (CPI) for September, one of the key indicators for the Federal Reserve in its interest rate decision. According to Barron's, the consensus estimate suggests inflation accelerated to an annualized rate of 3.1% - 0.2 percentage points higher than in August. Core CPI, which excludes food and energy prices, is expected to remain at the August level of 3.1%.

Eni, General Dynamics, Porsche, Procter & Gamble and Sanofi will disclose financial results.

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

Share