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24 Oct 2021
2 min read

Economic Calendar Updates – 24/10

*OspreyFX would like to state that traders should research extensively before following any information given hereby. Any assumptions made in this article are provided solely for entertainment purposes and not for traders to guide or alter their positions. Please read our Terms & Conditions and Risk Disclosure for more information.

Key Takeaways

  • Inflation data for Australia, interest rate decisions from Europe and Canada, US GDP data
  • Earnings seasons continues – Big Tech heavyweights step in to report Q3 results

The week starting Monday, October 25, is packed with economic data from around the globe. With fewer scheduled updates from the US, traders and investors will be weighing data mostly from Europe and Canada. Nevertheless, the week ahead promises to bring increased volatility to the global financial markets.

On Monday, Germany reports its October Ifo Business Climate Index at 04:00 am EST. Meanwhile, New Zealand will take a break in observance of Labor Day.

On Tuesday, the US unveils its CB Consumer Confidence for October. Along with New Homes Sales for September, both reports arrive at 10:00 am EST. Next, Australia reveals its inflation data for the third quarter with the latest CPI figures at 08:30 pm EST.

On Wednesday, the Bank of Canada will publish its interest rate decision at 10:00 am EST. The central bank of Canada is expected to leave rates unchanged at 0.25%.

On Thursday, Germany reports unemployment change for October at 03:55 am EST. Furthermore, the European Central Bank (ECB) is scheduled to announce its interest rate decision for October at 07:45 am EST.

Among the most important news, the US reports its GDP data on a quarterly basis for the third quarter. The update is slated for 08:30 am EST. Afterwards, retail sales numbers for September arrive from Australia at 08:30 pm EST.

On Friday, Germany delivers its GDP figures, also on a quarterly basis for the third quarter. The report is set for 03:00 am EST. Next, annualized inflation data comes in from the European Union at 05:00 am EST. Prices for October in the old continent are expected to remain high at 3.7% year-over-year. In conclusion, Canada delivers its GDP data at 08:30 am EST.

On the earnings front, it’s Big Tech week. Technology giants are lined up to report quarterly results this week and investors will be paying close attention.

On Monday, corporations reporting earnings include:

  • Facebook Inc.

On Tuesday:

  • Microsoft Corp.
  • Google parent Alphabet
  • Visa Inc.

On Wednesday:

  • Coca-Cola Co.

On Thursday:

  • Apple Inc.
  • Amazon
  • MasterCard Inc.
  • Samsung

On Friday:

  • Berkshire Hathaway Inc.
  • ExxonMobil Corp.
  • Chevron Corp.

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