Economic Calendar Summary - October 30, 2026

Market Overview

Global investor sentiment is currently being shaped by ongoing geopolitical tensions in the Middle East, which have resulted in Brent crude oil prices remaining above the USD 110 per barrel mark. This situation has intensified inflationary pressures and diminished expectations for aggressive monetary easing from major central banks.

During the European trading session, the focus will be on the preliminary Q3 GDP growth estimates from France, Germany, and the euro area, along with significant consumer price inflation (CPI) data from Germany and Poland. The outcomes of these morning data releases are expected to influence the short-term direction of the euro and sovereign bond valuations, potentially leading to increased volatility in the EUR/USD and EUR/PLN currency pairs, as well as European equity indices.

In the latter part of the day, attention will shift to Wall Street, where financial reports from major oil and pharmaceutical companies, along with consumer sentiment indicators, are set to be released.

Key Economic Releases

Asian Session Highlights

• The Bank of Japan maintained its benchmark interest rate, indicating that future rate hikes will depend on wage growth stability and core inflation trends.
• Japan's industrial production exceeded analysts' expectations in September, providing some support for the yen.
• Australia's retail sales for September aligned with market consensus, reflecting subdued household spending amid the Reserve Bank of Australia's restrictive interest rate policy.

Macroeconomic Calendar (CET)

• 07:30 France – Preliminary Q3 GDP, q/q: Consensus 0.1%, Previous 0.2%
• 07:30 France – Preliminary Q3 GDP, y/y: Consensus 0.8%, Previous 1.0%
• 08:00 Germany – Import Prices, y/y, September: Consensus 10.3%, Previous 8.3%
• 08:00 Germany – Preliminary Q3 GDP, q/q: Consensus -0.1%, Previous -0.1%
• 08:00 Germany – Preliminary Q3 GDP, y/y: Consensus -0.2%, Previous 0.0%
• 09:00 Spain – Preliminary Q3 GDP, q/q: Consensus 0.6%, Previous 0.8%
• 09:00 Poland – BIEC Labour Market Indicator, October: Previous 68.4 pts
• 09:30 Poland – Preliminary CPI Inflation, y/y, October: Consensus 3.7%, Previous 4.1%
• 09:30 Poland – Preliminary CPI Inflation, m/m, October: Consensus 0.2%, Previous 0.1%
• 10:00 Eurozone – Preliminary GDP, y/y: Consensus 1.1%, Previous 1.2%
• 10:00 Eurozone – Preliminary GDP, q/q: Consensus 0.2%, Previous 0.2%
• 11:00 Eurozone – Unemployment Rate, September: Consensus 6.4%, Previous 6.4%
• 11:00 Italy – Preliminary Q3 GDP, q/q: Consensus 0.1%, Previous 0.2%
• 14:00 Germany – Preliminary CPI Inflation, y/y, October: Consensus 3.3%, Previous 3.3%
• 14:00 Germany – Preliminary CPI Inflation, m/m, October: Consensus 0.2%, Previous 0.0%
• 14:00 Germany – Preliminary HICP Inflation, y/y, October: Consensus 3.4%, Previous 3.4%
• 14:30 US – Employment Cost Index, q/q, Q3: Consensus 0.9%, Previous 0.9%
• 14:45 US – Chicago PMI, October: Consensus 47.1 pts, Previous 46.6 pts
• 15:00 US – University of Michigan Consumer Sentiment Index, final reading, October: Consensus 69.0 pts, Previous 68.9 pts

Corporate Earnings Releases

• ExxonMobil – before market open
• Chevron – before market open
• AbbVie – before market open
• Regeneron Pharmaceuticals – before market open

Markets to Watch

• EUR/USD: This currency pair will be influenced by preliminary eurozone GDP figures and German inflation data, providing insights into the pace of monetary easing by the ECB.
• Crude Oil (Brent / WTI): Oil prices remain elevated due to geopolitical risks, with earnings reports from ExxonMobil and Chevron likely to impact sentiment across the energy sector.
• DE40: Germany's benchmark equity index may test local support levels in light of recessionary GDP trends and preliminary German consumer inflation readings.