Stockholm (Ekonamik) – If last week saw a single central bank meeting in South Korea, next week will be very much the opposite, with fourteen different interest rate decisions, not least from the ECB, Riksbanken and Norges Bank. The expectation from Swedbank and Handelsbank Capital Markets is that Riskbanken and Norges Bank will hold their rates constant. Similarly, following last month’s cut to the deposit facility, no one is expecting the ECB to cut rates again this week.
Otherwise, the main news will come from macroeconomic data, of which the stand out contributions will come advanced October Composite PMIs for the Eurozone, France, Germany, Japan and the USA due on Thursday. Otherwise, leading indicators for Argentina will be interesting for those of us following the Argentinian presidential election saga, while unemployment in Mexico and GDP in South Korea will also be meaningful.
Politically, Canada will hold its Federal elections on Monday, while the Russia Africa Summit will take place on Thursday.
| 21/10/2019 | Monday | CBP Interest Rate Decision (Paraguay) |
| Loan Prime Rate (China) (September) | ||
| Industrial Production (Spain) (August) | ||
| Federal Election (Canada) | ||
| Bond Issuance (Lithuania, Slovakia, Romania and ESM) | ||
| 22/10/2019 | Tuesday | CBH Interest Rate Decision (Hungary) |
| NBG Interest Rate Decision (Georgia) |
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| Unemployment Rate (Mexico) (September) | ||
| Balance of Trade (Argentina) (September) | ||
| CBI Surveys (Business optimism and Orders) (UK) (Q4, October) | ||
| Business Outlook Survey (Canada) (October) |
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| Bond Issuance (UK, USA) |
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| 23/10/2019 | Wednesday | BoA Interest Rate Decision (Angola) |
| BoN Interest Rate Decision (Namibia) |
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| CBC Interest Rate Decision (Chile) |
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| CPI Inflation (South Africa) (September) |
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| Consumer Confidence (€Z) (October) (Flash) |
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| Leading indicator (Argentina) (September) |
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| Bond Issuance (Denmark, Germany, Sweden, USA) |
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| 24/10/2019 | Thursday | ECB Interest Rate Decision (€Z) |
| Riskbanken Interest Rate Decision (Sweden) |
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| Norges Bank Interest Rate Decision (Norway) |
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| BI Interest Rate Decision (Indonesia) |
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| NBU Interest Rate Decision (Ukraine) |
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| TCMB Interest Rate Decision (Turkey) |
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| GDP Growth (South Korea) (2019Q3) |
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| Markit Composite PMI (€Z, France, Germany, Japan, USA) (October) |
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| Economic Indicator (Argentina, Mexico) (August) | ||
| Bond Issuance (Hungary, Romania, USA) |
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| Russia-Africa Summit |
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| 25/10/2019 | Friday | CBAR Interest Rate Decision (Azerbaijan) |
| BOR Interest Rate Decision (Russia) |
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| University of Michigan surveys (USA) (October) |
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| Ifo surveys (Germany) (October) |
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| GfK Consumer Confidence (Germany) (November) |
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| Bond Issuance (Italy, Poland) |
