Currently, the global economy is in a period of and . Inflation remains the largest concern in most markets but has recently begun to globally with only
30
countries reporting higher inflation this month than last month.The Zoomed Out View
Aggregate charts for a better picture of what the entire global economy is experiencing. They change from time to time but we tend to highlight the current buzz from a zoomed out view.Upcoming Economic Releases
All of the events below are considered high impact.| Country | Event | Actual | Estimate | Previous | |
|---|---|---|---|---|---|
| Friday, Oct 25th | |||||
| 🇪🇸 | Spain | Unemployment Rate (Q3) | 11.21 | 11.2 | 11.27 |
| 🇩🇪 | Germany | Ifo Business Climate (Oct) | 86.5 | 85.6 | 85.4 |
| 🇺🇸 | United States | Durable Goods Orders MoM (Sep) | -0.8 | -1 | -0.8 |
| 🇺🇸 | United States | Durable Goods Orders Ex Transp MoM (Sep) | 0.4 | -0.1 | 0.6 |
| 🇺🇸 | United States | Durable Goods Orders ex Defense MoM (Sep) | -1.1 | -0.7 | -1.3 |
| 🇨🇦 | Canada | Retail Sales Ex Autos MoM (Aug) | -0.7 | 0.3 | 0.3 |
| 🇨🇦 | Canada | Retail Sales MoM (Aug) | 0.4 | 0.5 | 0.9 |
| 🇨🇦 | Canada | Retail Sales YoY (Aug) | 1.4 | 1 | 0.9 |
| 🇺🇸 | United States | Michigan Consumer Sentiment (Oct) | 70.5 | 69 | 70.1 |
| Monday, Oct 28th | |||||
| 🇪🇸 | Spain | Retail Sales YoY (Sep) | 4.1 | 1.5 | 2.4 |
| 🇪🇸 | Spain | Retail Sales MoM (Sep) | 1 | -0.6 | 0.4 |
| 🇪🇺 | European Union | ECB Guindos Speech | |||
| Tuesday, Oct 29th | |||||
| 🇩🇪 | Germany | Gfk Consumer Confidence (Nov) | -20.5 | -21.2 | |
| 🇦🇹 | Austria | Bank Austria Manufacturing PMI (Oct) | 43 | 42.8 | |
| 🇺🇸 | United States | Goods Trade Balance (Sep) | -96.1 | -94.26 | |
| 🇺🇸 | United States | JOLTs Job Openings (Sep) | 7.99 | 8.04 | |
| Wednesday, Oct 30th | |||||
| 🇦🇺 | Australia | RBA Weighted Median CPI QoQ (Q3) | 0.8 | 0.8 | |
| 🇦🇺 | Australia | RBA Weighted Median CPI YoY (Q3) | 3.6 | 4.1 | |
| 🇦🇺 | Australia | CPI (Q3) | 139.1 | 138.8 | |
| 🇦🇺 | Australia | Monthly CPI Indicator (Sep) | 2.3 | 2.7 | |
| 🇦🇺 | Australia | RBA Trimmed Mean CPI QoQ (Q3) | 0.8 | 0.8 | |
| 🇦🇺 | Australia | RBA Trimmed Mean CPI YoY (Q3) | 3.5 | 3.9 | |
| 🇯🇵 | Japan | Consumer Confidence (Oct) | 37 | 36.9 | |
| 🇫🇷 | France | GDP Growth Rate YoY (Q3) | 0.7 | 1 | |
| 🇫🇷 | France | GDP Growth Rate QoQ (Q3) | 0.4 | 0.2 | |
| 🇩🇪 | Germany | Unemployment Rate (Oct) | 6.1 | 6 | |
| 🇩🇪 | Germany | Unemployment Change (Oct) | 15 | 17 | |
| 🇩🇪 | Germany | Baden Wuerttemberg CPI MoM (Oct) | 0.1 | ||
| 🇩🇪 | Germany | Baden Wuerttemberg CPI YoY (Oct) | 1.4 | ||
| 🇩🇪 | Germany | Bavaria CPI MoM (Oct) | 0.1 | ||
| 🇩🇪 | Germany | Bavaria CPI YoY (Oct) | 1.9 | ||
| 🇩🇪 | Germany | Brandenburg CPI MoM (Oct) | 0 | ||
| 🇩🇪 | Germany | Brandenburg CPI YoY (Oct) | 1.4 | ||
| 🇩🇪 | Germany | North Rhine Westphalia CPI MoM (Oct) | 0 | ||
| 🇩🇪 | Germany | North Rhine Westphalia CPI YoY (Oct) | 1.5 | ||
| 🇩🇪 | Germany | Saxony CPI YoY (Oct) | 2.4 | ||
| 🇩🇪 | Germany | Saxony CPI MoM (Oct) | 0.2 | ||
| 🇩🇪 | Germany | Hesse CPI MoM (Oct) | 0 | ||
| 🇩🇪 | Germany | GDP Growth Rate QoQ (Q3) | -0.1 | -0.1 | |
| 🇮🇹 | Italy | GDP Growth Rate QoQ (Q3) | 0.2 | 0.2 | |
| 🇮🇹 | Italy | GDP Growth Rate YoY (Q3) | 0.7 | 0.9 | |
| 🇩🇪 | Germany | GDP Growth Rate YoY (Q3) | -0.3 | 0 | |
| 🇩🇪 | Germany | Hesse CPI YoY (Oct) | 1.2 | ||
| 🇪🇺 | European Union | GDP Growth Rate QoQ (Q3) | 0.2 | 0.2 | |
| 🇪🇺 | European Union | GDP Growth Rate YoY (Q3) | 0.8 | 0.6 | |
| 🇺🇸 | United States | ADP Employment Change (Oct) | 115 | 143 | |
| 🇺🇸 | United States | GDP Growth Rate QoQ (Q3) | 3 | 3 | |
| 🇩🇪 | Germany | Inflation Rate YoY (Oct) | 1.8 | 1.6 | |
| Thursday, Oct 31st | |||||
| 🇦🇺 | Australia | Retail Sales MoM (Sep) | 0.3 | 0.7 | |
| 🇨🇳 | China | NBS Non Manufacturing PMI (Oct) | 50.5 | 50 | |
| 🇨🇳 | China | NBS Manufacturing PMI (Oct) | 50.1 | 49.8 | |
| 🇯🇵 | Japan | BoJ Interest Rate Decision | 0.25 | 0.25 | |
| 🇩🇪 | Germany | Retail Sales YoY (Sep) | 3.2 | 2.1 | |
| 🇩🇪 | Germany | Retail Sales MoM (Sep) | -0.5 | 1.6 | |
| 🇨🇠| Switzerland | Retail Sales YoY (Sep) | 2.5 | 3.2 | |
| 🇨🇠| Switzerland | Retail Sales MoM (Sep) | 0.1 | 0.4 | |
| 🇫🇷 | France | Inflation Rate YoY (Oct) | 1.1 | 1.1 | |
| 🇮🇹 | Italy | Unemployment Rate (Sep) | 6.2 | 6.2 | |
| 🇮🇹 | Italy | Inflation Rate YoY (Oct) | 1 | 0.7 | |
| 🇪🇺 | European Union | CPI (Oct) | 126.9 | 126.6 | |
| 🇬🇷 | Greece | Retail Sales YoY (Aug) | -0.8 | -2.8 | |
| 🇬🇷 | Greece | Unemployment Rate (Sep) | 9.5 | 9.5 | |
| 🇪🇺 | European Union | Unemployment Rate (Sep) | 6.4 | 6.4 | |
| 🇪🇺 | European Union | Inflation Rate YoY (Oct) | 1.9 | 1.7 | |
| 🇺🇸 | United States | Continuing Jobless Claims (Oct/19) | 1880 | 1897 | |
| 🇺🇸 | United States | Personal Income MoM (Sep) | 0.3 | 0.2 | |
| 🇺🇸 | United States | Personal Spending MoM (Sep) | 0.4 | 0.2 | |
| 🇺🇸 | United States | Core PCE Price Index MoM (Sep) | 0.3 | 0.1 | |
| 🇺🇸 | United States | Core PCE Price Index YoY (Sep) | 2.6 | 2.7 | |
| 🇺🇸 | United States | Initial Jobless Claims (Oct/26) | 233 | 227 | |
| 🇺🇸 | United States | Jobless Claims 4-week Average (Oct/26) | 238 | 238.5 | |
| 🇦🇺 | Australia | Judo Bank Manufacturing PMI (Oct) | 46.6 | 46.7 | |
| Friday, Nov 1st | |||||
| 🇨🇳 | China | Caixin Manufacturing PMI (Oct) | 49.5 | 49.3 | |
Don't let the economy surprise you.
Economic releases, key earnings, speeches, weather, and other market moving events for the week ahead are highlighted in our weekly Sunday note.
