Week Ahead – w43
Summary Key Macro Events
British officials are prepared to water down Boris Johnson’s controversial lawbreaking Brexit legislation in a move that could revive failing talks with the European Union, according to people familiar with the matter. The bill begins its progress through the Lords on Monday – Bloomberg (19)
Ireland is set to introduce some of the toughest curbs in Europe in a renewed effort to curb the spread of the coronavirus. The cabinet is due to meet on Monday to finalize the restrictions – Bloomberg (19)
Housing Starts and Building Permits for September (20)
Former French prime minister Edouard Philippe is set to appear before the Covid-19 inquiry on Wednesday. His house was searched by police as part of an investigation into ministers’ handling of the pandemic last week – FT (21)
Christine Lagarde, president of the European Central Bank, is scheduled to host a virtual discussion together with chief economist Philip Lane to speak with civil society organisations about the ECB’s strategic review – FT (21)
A day before rival Apple starts shipping its new 5G-capable iPhone 12, Huawei Technologies will unveil its updated flagship smartphone, the Mate 40 – Nikkei (22)
Existing Home Sales for September (22)
US president Donald Trump is scheduled to face Democratic nominee Joe Biden on Thursday in the last presidential debate before the election on November 3. (22)
Policymakers in Turkey and Israel meet on Thursday, but no change is expected. (22)
Standard & Poors will review its rating on Italy’s sovereign debt on Thursday and UK’s government debt on Friday – FT (22) & (23)
Markit Manufacturing, Services and Composite PMIs for October (23)
Policymakers in Russia meet on Friday, but no change is expected. (23)
Earnings
IT'S #WEEKLYCOMIC TIME!
⚠️Markets Face Big Test In The Week Ahead As Mega-Cap Tech Earnings Loom
⚠️$NFLX: 10/20
⚠️$TSLA: 10/21
⚠️$GOOGL: 10/26
⚠️$MSFT: 10/27
⚠️$FB: 10/29
⚠️$AAPL: 10/29
⚠️$AMZN: 10/29https://t.co/GGJDNTBHTC $DIA $SPY $QQQ pic.twitter.com/vDuTdIeFai
— Investing.com (@Investingcom) October 17, 2020
1. Nice: 69% of companies are set to report Q3 earnings over the next two weeks.
h/t @LarryAdamRJ $SPX $SPY pic.twitter.com/o7BFdT6kej
— Callum Thomas (@Callum_Thomas) October 17, 2020
#China Will Likely Show Covid-19 Recovery Can Be Real: Eco Week – Bloomberghttps://t.co/mpzPa0KtE1
— Christophe Barraud (@C_Barraud) October 18, 2020
Your Week in Asia
— Huawei Mate 40
— Suga in Vietnam
— Tesla resultshttps://t.co/Ii42nX9GpM— Nikkei Asia (@NikkeiAsia) October 18, 2020
Coronavirus, Netflix results, China growth data https://t.co/OiRySjEF1F
— FT Economics (@fteconomics) October 18, 2020
U.K. Could Rewrite Lawbreaking #Brexit Bill as Part of Deal – Bloomberghttps://t.co/ouwpEwYYjj
— Christophe Barraud (@C_Barraud) October 19, 2020
#Ireland Readies Some of Europe’s Toughest Virus Curbs – Bloomberghttps://t.co/YI1lzgyp28
— Christophe Barraud (@C_Barraud) October 19, 2020
Focus on Economic Calendar
U.S. ECONOMIC DATA THIS WEEK:
*BUILDING PERMITS (TUES.)
*HOUSING STARTS (TUES.)
*JOBLESS CLAIMS (THURS.)
*EXISTING HOME SALES (THURS.)
*MANUFACTURING PMI (FRI.)
*SERVICES PMI (FRI.)⚠️TRACK THE DATA IN REAL-TIME: https://t.co/zssQozcKnb$DIA $SPY $QQQ $VIX pic.twitter.com/imbkJMKDJj
— Investing.com (@Investingcom) October 18, 2020
Schedule for Week of October 18, 2020 https://t.co/8wON6z1phe The key economic reports this week are September Housing Starts and Existing Home sales.
— Bill McBride (@calculatedrisk) October 17, 2020
Top 10 Macro/Financial Charts of the Previous Week – w42
⚠ Top 10 Macro/Financial Charts of the Week – w42 ⚠
HT @zerohedge, @Callum_Thomas, @sentimentrader, @MacroCharts, @charliebilello, @fwred, @RencapManhttps://t.co/txpBUsAPwd
— Christophe Barraud (@C_Barraud) October 18, 2020
What happened in the World Economy last Week – in charts – w42 (Bloomberg)
What happened in the world economy this week – in charts https://t.co/WDpbpHlkYC
— Bloomberg Economics (@economics) October 17, 2020