A week of international market prospects| draw the focus! The THIRD QUARTER GDP and CPI of these countries will be released

EU Energy Ministers will discuss rising energy prices.

Trudeau may announce a new cabinet.

Many countries will release GDP data for the third quarter.

Several central banks will announce interest rate decisions.

Data released last week showed that the number of U.S. jobless claimants fell from 296,000 to 290,000 in the week ended Oct. 15, while the Purchasing Managers' Index (PMI) data for October was mixed, with the manufacturing PMI falling from 60.7 to 59.2 and the services PMI rising from 54.9 to 58.2. To this end, all three major U.S. stock indexes recorded gains: the Dow Jones index rose 1.1% weekly, the S&P 500 index rose 1.6% weekly, and the NASDAQ composite index rose 1.3% weekly.

On the European side, britain's FTSE 100 closed down 0.41%, reversing the previous week's 1.95% gain; the Frankfurt DAX40 fell 0.28%,; and the European Stoke 600 and CAC40 rose 0.53% and 0.09%, respectively.

The German manufacturing PMI fell to 58.2 from 58.4; the eurozone manufacturing PMI fell from 58.6 to 58.5; and the eurozone consumer confidence index fell from -4 to -4.8 in October.

On the energy front, Saudi Arabia is pushing for a "united front" at a climate conference that other oil-producing countries began this month to oppose moves to reduce investment in fossil fuels. It is believed that this could further push up energy prices.

Saudi Arabia is one of the few countries that has not yet submitted its latest official emissions reduction plan.

On the corporate side, FactSet data shows that 81% of the 80 companies recently released on the S&P 500 index have made more profits than analysts expected, better than the quarterly average of 75% in 2019.

Investors are keeping a close eye on the earnings of companies in the third quarter. They provide a clearer picture of post-pandemic recovery than in previous quarters.

Kevin Philip, managing director of Bel AirInvestment Advisors, said: "Coming out of the doldrums of the pandemic and starting over, many people are concerned about what the next step will be. Can the gains after the U.S. stock rally continue to be sustained? ”

"We've had a period of hesitation, which has brought some volatility, but I think the (U.S.) stock market will continue to move higher." Paul Jackson, head of research at Invesco Asset Management, said.

Looking ahead to the new week, many countries will release third-quarter GDP data, which deserves the attention of investors.

October 25 (Mon)

In terms of events, EU energy ministers will convene a special council in Luxembourg to discuss the rise in EU energy prices; Bank of England policymakers will speak.

In terms of data, the Mexico Unemployment Index; Singapore's Consumer Price Index; Switzerland's Domestic Demand Deposits; and Germany's October Business Confidence Data will be released.

October 26 (Tue)

Boc de France Governor Villeroy de Galhau speaks at sustainable finance events in Paris; Trudeau is likely to announce a new cabinet.

Australia will publish ANZ consumer confidence data; Spain, Sweden, and Japan will publish PPI; South Korea will publish GDP; Japan will publish bond purchases; Singapore will publish industrial production data; the United States will publish new home sales data; and Finland will publish unemployment rate.

October 27 (Wed)

Chancellor of the Exchequer Rishi Sunak will unveil the UK government's autumn budget, including new forecasts from the Office of Budget Responsibility. As the Bank of England prepares to raise interest rates in response to high inflation, UK businesses and households will face pressure on rising energy prices, taxes, prices and interest rates next year, making this autumn budget even more important.

Bank of Canada will announce interest rate decision, which is expected to remain at 0.25%

In addition, a number of economic data will be released: the US wholesale inventory index; the US durable goods index; the Australian consumer price index; the German GfK consumer confidence index; the Thai manufacturing production index, capacity utilization rate; the French producer price index; the EIA crude oil inventory report.

October 28 (Thu)

The Bank of Japan will announce its interest rate decision, which is expected to remain unchanged. In addition, the central bank may lower its growth forecast for Japan this year and raise its 2022 forecast; the ECB will announce its interest rate decision.

In terms of data, the Euro Area Economic Confidence Index, Consumer Confidence Index, German CPI and Unemployment Rate, Australian Import and Export Price Index, Singapore Unemployment Rate, Russian Foreign Exchange and Gold Reserves, Swedish GDP and Retail Sales will be announced.

October 29 (Fri)

Eurozone GDP, CPI index, UK mortgage approval data, money supply, consumer credit, German GDP, Czech Republic GDP, Mexican GDP, French GDP, CPI, Italian GDP, CPI, Polish consumer price index, Russian unemployment rate, Japanese unemployment rate, Tokyo CPI, industrial production, housing starts and other data will be released.

Reporter Zhou Zimo

Edited by Cheng Hui

Editor-in-Charge Sun Xiao