The Trading Week: Oct. 29 - Oct. 31

Published 10/29/2008, 08:00 PM
Updated 04/25/2018, 04:40 AM
Wednesday, Oct. 29 will begin with the preliminary estimate of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, expected around 2:00 am, ET, and a leading indicator of the U.K. housing market- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, at 5:30 am, ET.

A sequence of important U.S economic releases will start with the U.S. Durable Goods Orders, placed with domestic manufacturers for immediate and future delivery of factory hard goods, at 8:30 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The main spotlight event of the week- the U.S. FOMC- Federal Open Market Committee Interest Rate Decision will be announced at 2:15 pm, ET.

The day will end with New Zealand’s Building Permits, measuring new building approvals, at 5:45 pm, ET, followed by the Australian Leading Index of overall economic conditions, at 7:00 pm, ET, and New Zealand’s Business Confidence, a measure of the sentiment of businesses regarding current and future economic conditions, at 10:00 pm, ET.

Thursday, Oct. 30 will start with a strong sequence of important European economic data beginning with the German Retail Sales, the main measure of consumer spending, at 3:00 am, ET, the German Unemployment Rate, at 4:55 am, ET, and the Euro-zone Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 6:00 am, ET.

News from Canada will deliver a notable economic report- the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of inflation experienced by manufacturers, at 8:30 am, ET.

The U.S. economic releases will begin with a spotlight event- the U.S. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET.

The U.S. economic data will continue with the weekly Jobless Claims, at 8:30 am, ET, the U.S. Employment Cost Index, a measure of total employee compensation costs, including wages and salaries as well as benefits, also at 8:30 am, ET, and the weekly EIA- Energy Information Administration Natural Gas Inventories, at 10:30 am, ET.

The day will conclude with a spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 7:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 7:30 pm, ET, followed by the U.K. Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 8:00 pm, ET. 

Friday, Oct. 31 will begin with a spotlight event- the Bank of Japan Interest Rate Announcement, expected around 12:00 am, ET, followed by the Japanese Housing Starts, measuring construction of new residential properties, at 1:00 am, ET. 

News from the Euro-zone will deliver a spotlight event- the Euro-zone Flash HICP- Harmonized Index of Consumer Prices, a preliminary flash estimate of the main measure of inflation in the Euro-zone and the European equivalent to the CPI- Consumer Price Index, at 6:00 am, ET, along with the Euro-zone Unemployment Rate, also at 6:00 am, ET, followed by the Swiss Leading Index of overall economic conditions, at 6:30 am, ET.

Another spotlight event- the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, will hit the newswires at 8:30 am, ET.

The U.S. economic data will bring a sequence of important consumer-focused releases, beginning with the U.S. Personal Income and Spending, a measure of the income received and purchases made by consumers, at 8:30 am, ET. This leading indicator of inflation is preferred by the Fed because it measures a variable basket of goods and services, as opposed to the CPI-Consumer Price Index, which measures a fixed basket of goods and services. 

The National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, will follow at 9:45 am, ET. 

The busy last trading week of the month will end with a spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and attitudes about the economy, scheduled at 10:00 am, ET.

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