Economic Calendar Summary - October 28, 2026
Key Central Bank Decisions
Today's trading session is heavily influenced by significant central bank announcements, particularly from the Bank of Canada (BoC) and the Federal Reserve (Fed). The BoC is set to announce its interest rate decision and release a new Monetary Policy Report, which will provide insights into its views on inflation, economic growth, and future monetary policy directions.
Market expectations suggest that the BoC will raise its interest rate from 2.25% to 2.50%. Investors will closely analyze the accompanying report for indications of inflationary pressures and economic forecasts.
Federal Reserve's Decision
Later in the day, the Federal Reserve is expected to maintain its federal funds target range at 3.75% to 4.00%. The market's reaction will largely depend on the FOMC statement and the subsequent press conference. Investors are particularly interested in any hints regarding the Fed's potential actions in December.
Additional Economic Data
Before the central bank announcements, investors will also be monitoring key economic data releases, including:
- 12:30 PM GMT: US goods trade balance for September, expected at -$130 billion (previously -$132.6 billion).
- 02:30 PM GMT: Weekly crude oil inventory change, expected to show a decline of approximately 0.3 million barrels (previously -3.06 million).
- 02:30 PM GMT: Weekly gasoline inventory change, expected to show a decline of around 0.9 million barrels (previously -2.95 million).
Corporate Earnings Reports
Today also marks the beginning of earnings season for major US technology companies. Notable companies reporting include:
- Alphabet (GOOGL): Market cap approx. $4.21 trillion
- Microsoft (MSFT): Market cap approx. $3.81 trillion
- KLA Corp (KLAC): Market cap approx. $257.8 billion
- GE Vernova (GEV): Market cap approx. $253.1 billion
- Banco Santander (SAN): Market cap approx. $200.5 billion
- T-Mobile US (TMUS): Market cap approx. $175.3 billion
- Airbus (AIR): Market cap approx. $171.3 billion
- ServiceNow (NOW): Market cap approx. $138.5 billion
- Fortinet (FTNT): Market cap approx. $131.1 billion
- BNP Paribas (BNP): Market cap approx. $118.2 billion