After a week in which US inflation and bond yields jumped, the spotlight moves to the UK and Japan, two economies where central banks are weighing December rate rises. In between, Nvidia's results test whether the AI investment boom is holding up.
What’s expected. A Reuters poll of 16 economists expects growth of 0.3% annualised (0.1% on the quarter), down from 1.4%, with consumption falling 0.2%.
Why it matters. Weak consumer spending makes a December Bank of Japan rate rise harder to justify, even with wholesale prices up 7.1%.
What’s expected. Newsquawk's consensus: industrial output +5.3% (5.5% in September), retail sales +0.8% (1.1%).
Why it matters. A record trade surplus sits alongside weak spending at home; retail sales show how weak.
What’s expected. Newsquawk's consensus: +0.2% on the month (0.8% in September); the control group +0.4%.
Why it matters. Consumers are two-thirds of US spending; strong sales on top of hot inflation would firm up a Fed rise in December.
What’s expected. Analysts expect revenue of about $109bn (+91% on the year) and guidance of about $125bn, according to CMC Markets.
Why it matters. Nvidia's sales track AI investment, a big driver of US growth and Asian exports, after a month of AI share sell-offs.
What’s expected. The Bank of England's November forecast implies about 3.7% (3.5% in September), with services at 3.9%, according to Newsquawk.
Why it matters. Services inflation shows whether the energy shock is spreading; it will shape the Bank's 17 December decision.
What’s expected. The Fed held at 3.75–4% with two officials voting for a rise; the minutes show how many others leaned that way.
Why it matters. Markets already price a December rise as near certain; the minutes show how far beyond that the Fed is thinking.
What’s expected. Headline inflation is expected at 2.6% (2.1% in September), according to CMC Markets.
Why it matters. Shows whether high wholesale prices are reaching shoppers, the BoJ's key test for a December rise.
What’s expected. Expected unchanged at 3.00% (one year) and 3.50% (five years), according to Newsquawk.
Why it matters. While most central banks raise rates, China's is holding them low to support weak demand.
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