Key Events This Week: Earnings Season Begins, CPI And Retail Sales
Mon, 10/12/2020 – 09:17
The biggest highlight this week will be the kickoff of US earnings season with a number of financials reporting earnings this week. As DB’s Jim Reid adds, there will also be some attention on the European Council summit on Thursday and Friday at an important point in the UK-EU negotiations. This meeting has previously been Prime Minister Johnson’s self-imposed deadline to reach agreement on a trade deal. It seems progress has been made and if this continues talks will likely continue beyond that self imposed UK deadline. Mr Johnson held weekend talks with Macron and Merkel so the right people are talking. Bloomberg is reporting that the French are digging in their heels over fishing rights and this is now the main issue.
Elsewhere, in terms of the regular data and central bank calendar, this week is a fairly quiet one. On the data side, we’ll start to see some hard data from the US for September, with the release of the CPI (Tuesday), retail sales and industrial production figures (both Friday). China will also be releasing their trade balance for September (Tuesday), and we’ll also get the Euro Area’s industrial production for August (Wednesday).
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