While US markets were closed yesterday, overseas markets experienced a risk-off move as Asian equity markets slipped while Italian budget comments spooked European markets, pushing bund yields lower. Additionally, the IMF released a report reducing its outlook for global growth for the first time since 2016, citing the trade tensions between the US and China as one major reason. Because of these factors, US equity futures are pointing to a lower open this morning. In terms of economic data, the market will be focusing on the September CPI release on Thursday to see if inflation continues to soften into the second half of the year following the weak data from August.
Hafizan Hamzah
Director, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 10/09 | NFIB Small Business Optimism | 108.3 | 107.9 | 108.8 | — |
| 10/10 | MBA Mortgage Applications | — | — | 0.00% | — |
| 10/10 | PPI Final Demand MoM | 0.20% | — | -0.10% | — |
| 10/10 | PPI Ex Food and Energy MoM | 0.20% | — | -0.10% | — |
| 10/10 | PPI Ex Food, Energy, Trade MoM | 0.20% | — | 0.10% | — |
| 10/10 | PPI Final Demand YoY | 2.70% | — | 2.80% | — |
| 10/10 | PPI Ex Food and Energy YoY | 2.50% | — | 2.30% | — |
| 10/10 | PPI Ex Food, Energy, Trade YoY | — | — | 2.90% | — |
| 10/10 | Wholesale Inventories MoM | 0.80% | — | 0.80% | — |
| 10/10 | Wholesale Trade Sales MoM | 0.50% | — | 0.00% | — |
| 10/11 | CPI MoM | 0.20% | — | 0.20% | — |
| 10/11 | CPI Ex Food and Energy MoM | 0.20% | — | 0.10% | — |
| 10/11 | CPI YoY | 2.40% | — | 2.70% | — |
| 10/11 | CPI Ex Food and Energy YoY | 2.30% | — | 2.20% | — |
| 10/11 | CPI Index NSA | 252.702 | — | 252.146 | — |
| 10/11 | CPI Core Index SA | 258.634 | — | 258.141 | — |
| 10/11 | Real Avg Weekly Earnings YoY | — | — | 0.50% | — |
| 10/11 | Real Avg Hourly Earning YoY | — | — | 0.20% | — |
| 10/11 | Initial Jobless Claims | 209k | — | 207k | — |
| 10/11 | Continuing Claims | 1660k | — | 1650k | — |
| 10/11 | Bloomberg Oct. United States Economic Survey | ||||
| 10/11 | Bloomberg Consumer Comfort | — | — | 61.6 | — |
| 10/11-10/18 | Monthly Budget Statement | $81.5b | — | $7.9b | — |
| 10/12 | Import Price Index MoM | 0.20% | — | -0.60% | — |
| 10/12 | Import Price Index ex Petroleum MoM | -0.10% | — | -0.20% | — |
| 10/12 | Import Price Index YoY | 3.10% | — | 3.70% | — |
| 10/12 | Export Price Index MoM | 0.20% | — | -0.10% | — |
| 10/12 | Export Price Index YoY | — | — | 3.60% | — |
| 10/12 | U. of Mich. Sentiment | 100.5 | — | 100.1 | — |
| 10/12 | U. of Mich. Current Conditions | — | — | 115.2 | — |
| 10/12 | U. of Mich. Expectations | — | — | 90.5 | — |
| 10/12 | U. of Mich. 1 Yr Inflation | — | — | 2.70% | — |
| 10/12 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% | — |