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US inflation and bank earnings ahead

This week’s economic calendar is led by US consumer prices on Wednesday and euro-area inflation on Friday. Third-quarter earnings season begins with reports from major US banks on Tuesday and Wednesday. Germany reports inflation on Tuesday, China on Wednesday and France on Thursday, with US producer prices and retail sales also due on Thursday. ECB President Christine Lagarde speaks on Wednesday, SNB Chairman Martin Schlegel on Thursday and Fed Chair Kevin Warsh on Friday. Markets in Japan and Canada are closed on Monday for public holidays.

  • Date
  • Auteur Amira Scherz, Junior Investment Writer
  • Temps de lecture 5 minutes

US Consumer Prices
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KOSPI slides as Asian shares trade mixed

Asian stocks were mixed on Monday as investors awaited US inflation data and company earnings. South Korea’s KOSPI dropped 3.1%, while Australia’s S&P/ASX 200 rose 0.7% and Hong Kong’s Hang Seng fell 0.1%. Oil prices fell amid uncertainty over a proposed Russia-Ukraine energy ceasefire: Brent crude oil futures declined 1.1% to USD 103.58 per barrel, while West Texas Intermediate (WTI) futures lost 1.4% to USD 90.53 per barrel. Chipmakers were also in focus ahead of Taiwan Semiconductor Manufacturing’s results on Thursday. Elsewhere, gold was little changed at around USD 4200 per ounce, and bitcoin rose 1.3% to around USD 84,100.

US consumer sentiment falls sharply

The University of Michigan’s preliminary index fell to 46.3 in October from 48.1 in September, data released on Friday showed. The decline exceeded expectations as living costs weighed on households. One-year inflation expectations rose to 4.7% from 4.6%.

US stocks rise as oil eases

US stocks gained on Friday as oil prices slipped amid easing Middle East tensions and worries about artificial intelligence investment receded. The Dow Jones rose 0.8% to 51,654.95 points, the S&P 500 gained 0.6% to 7811.54 points and the Nasdaq-100 climbed 0.5% to 30,883.15 points. Technology shares recovered after a report said ChatGPT developer OpenAI expects annualised revenue to reach at least USD 70 billion by year-end.

Canadian employment falls unexpectedly

Canada lost 68,300 jobs in September after shedding 41,700 in August, data released on Friday showed. Unemployment rose to 6.5% from 6.4%, with the largest losses in the public sector. Employment is down 41,200 this year, against a gain of 211,300 over the same period in 2025.

Italian industrial output sees surprise decline

Italian industrial output fell 1.3% in August after rising 0.6% in July, missing expectations, figures released on Friday showed. Output was flat year-on-year, while the three-month average fell 1.1% from the preceding three months. Meanwhile, Swiss consumer sentiment was little changed from a year earlier at -36 points in September. On Friday, the Euro Stoxx 50 gained 0.8%, while the Swiss Market Index rose 1.1%.

Corporate and economic calendar

Corporate news in focus: Quarterly figures from LVMH and Progressive.

Economic data in focus: There are no major macroeconomic data points scheduled today.

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Editor: Alessandro Fezzi
Source: LGT Bank (Switzerland) Ltd.