FXStreet (Delhi) – Jim Reid, Research Analyst at Deutsche Bank, suggests that all eyes will be on the US this afternoon, with the September CPI print the highlight.
“Consensus estimates are for a soft headline reading (-0.2% mom) which will be enough to drag the YoY back into deflationary territory at -0.1%. Estimates for the core are running at +0.1% mom, with the YoY rate unchanged at +1.8%.”
“Away from this, we’ll also get initial jobless claims, October empire manufacturing, average weekly earnings, the Philly Fed business outlook print and the September monthly budget statement later tonight.”
“Fedspeak wise we are due to hear from Bullard and Dudley, both due to speak at 3.30pm BST, followed by Mester later tonight (due 9.30pm BST). On the earnings front, Goldman Sachs and Citigroup are the banks due to report in the early afternoon, while Schlumberger (after the close) will be worth keeping an eye on as an early indicator into the energy sector.”
Jim Reid, Research Analyst at Deutsche Bank, suggests that all eyes will be on the US this afternoon, with the September CPI print the highlight.
(Market News Provided by FXstreet)