Forward Look: What's Happening This Week?

VIDEO: US inflation is the highlight of a bumper set of announcements we can expect over the coming days

Sunniva Kolostyak 11 October, 2022 | 11:13AM
Facebook Twitter LinkedIn

 

 

Sunniva Kolostyak: Welcome to Morningstar. It’s a big week for economic events so I’m here to give you the headlines on everything we can expect over the coming days.

Today, the Office for National Statistics is dropping its labour market data for September, including the latest unemployment rate and average growth of wages in the UK. Joblessness remains low, but wages are still lagging high inflation.

On Wednesday the 12th, we’ll get GDP data for August, and a glimpse into the growth – or otherwise - of the UK economy.

Thursday this week, the 13th, the latest inflation numbers from the US will be posted. CPI is currently forecasted to be 8.1% in September, slightly down from August. The data will be closely watched for any signs of the cost-of-living crisis relenting. The Federal Reserve will also be keeping an eye on the numbers ahead of its next meeting on the second of November – when it’s still expected to hike rates by 75 basis points.

Plus, earnings season will kick off in earnest on Friday the 14th, with quarterly results from JP Morgan, Wells Fargo, Morgan Stanley and Citigroup.

So be sure to check back in throughout the week. For Morningstar, I’m Sunniva Kolostyak.

Subscribe to Our Newsletters

Sign Up Here

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Sunniva Kolostyak

Sunniva Kolostyak  is data journalist for Morningstar.co.uk

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures