US Philly Fed Report and Central Bankers’ Speeches Highlight Economic Calendar

Basio badr

ago 2 hours

US Philly Fed Report and Central Bankers’ Speeches Highlight Economic Calendar

Investors are closely monitoring the economic calendar, particularly in light of the ongoing government shutdown in the U.S. Today’s macroeconomic indicators, including the Philadelphia Fed Manufacturing Index, are expected to provide insights into the economic landscape. The Philadelphia Fed Index for October is forecasted to reveal a reading of 10, a decline from September’s 23.2.

Highlights from the Economic Calendar

The macro calendar is relatively light today, but several key reports will attract attention:

12:15 PM GMT (CA) – Housing Starts for October are projected at 257,000, up from 245,800.
12:30 PM GMT (US) – Philadelphia Fed Index for October, expected at 10.

Central Bankers’ Speeches

In addition to the economic reports, several central bankers will be addressing the market today. Their speeches may influence investor sentiment:

1 PM GMT – Fed’s Waller, Miran, and Barr
2 PM GMT – Fed’s Bowman
2:45 PM GMT – BoE’s Mann and ECB’s Kocher
4 PM GMT – ECB’s Lagarde
5:30 PM GMT – BoC’s Macklem
6:30 PM GMT – BoE’s Greene

Impact of Global Economic Data

The recent data from the UK showed slower-than-expected growth in GDP and construction output. However, industrial production exceeded forecasts, indicating mixed economic signals. Meanwhile, Australia reported an increase in unemployment from 4.2% to 4.5%, despite employment growth surpassing expectations. These developments contribute to a complex global economic environment.

Earnings Calendar

Before the U.S. markets open, several companies will release earnings reports, including:

Charles Schwab
Marsh & McLennan
Intuitive Surgical
BNY Mellon
U.S. Bancorp
Travelers

After the market closes, notable companies like CSX Corp and Interactive Brokers will provide their earnings updates, further shaping investor strategies.

As the day progresses, investors will be keen to parse through the economic data and central bankers’ insights to guide their decisions in this uncertain climate.