Monday, October 19, 2020 - China's September GDP and industrial production is due on this day, as well as minutes of the recent RBA meeting. The Central Bank of Australia will have to clarify its intentions to further reduce interest rates while positive surprise in China economy will strengthen hopes for a recovery in the global economy.
Tuesday, 20 October 2020 - The PBOC decision on base lending rate as well as data on the US real estate market will be the key events of Tuesday. Earlier, the Central Bank of China lowered reserve ratio for banks (the main policy instrument), supporting the mood in the domestic stock market and stimulating lending activity of banks. The cut in base lending rate should boost market optimism and spur some gains in the Asian equity market.
Wednesday, 21 October 2020 - UK and Canada CPI is due on this day. The main focus in Britain remains on the Brexit negotiations, while CAD keeps focus on oil prices. EIA is to publish weekly data on changes in US commercial crude oil inventories, which is likely to indicate a decline in inventories, which should provide some relief for battered oil prices.
Thursday, October 22, 2020 - Unemployment claims and existing home sales reports should provide additional insight to employment trend and demand in the real estate market, which is currently experiencing some recovery thanks to low mortgage rates.
Friday, 23 October 2020 - The market will focus on data on the business climate in Germany (IFO indices), activity indices in the manufacturing/non-manufacturing sector in the UK, interest rate decisionin Russia, which should cause volatility in Ruble and CPI in New Zealand for September, which will clear up RBNZ plans to cut interest rate at the upcoming meeting.
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