A review of the week past and the week ahead 26th of October

What mattered last week:

The S&P500 fell -0.53% as global coronavirus cases continued to surge and stimulus talks remained stalled.
As well as nerves ahead of the U.S. election, now just one week away.
Partially offset by good economic data was well as September quarter earnings surprises.
Volatility, as measured by the VIX index, closed higher at 27.6.
U.S. 10-year yields closed 9bp higher, near 0.84%.
Gold closed mostly unchanged near $1902.
Crude oil closed -3.09% lower at $39.85/bbl.
The ASX200 closed flattish, near 6167.00.
In FX, the AUDUSD closed higher near .7140, helped by a weaker U.S. dollar.

For the week ahead, the key events are:

Australia: Q3 CPI (Wednesday), private sector credit (Friday).

Q3 CPI (Wednesday): Headline inflation is expected to rise by 1.5% q/q after the end of free childcare and a rebound in petrol prices, taking the y/y rate to back into positive territory at 0.6%. Underlying inflation is expected to rise by 0.3% q/q taking the y/y rate to 1.3%.

New Zealand: Balance of trade.

China: Industrial profits, NBS manufacturing, and non-manufacturing PMI.

Japan: Bank of Japan interest rate decision (Thursday), employment, and industrial production (Friday).

Bank of Japan interest rate decision (Thursday): The Bank of Japan is expected to leave monetary policy unchanged and reiterate a strong easing bias.

U.S: Durable goods, house price index, CB consumer confidence (Tuesday), Q3 GDP, jobless claims (Thursday), personal income, personal spending, core PCE price index (Friday).

GDP (Thursday): 3Q GDP is expected to come in at +32.5% annualized after a -31.4% annualized decline in Q2.

September quarter earnings season continues with reports due this week from AMZN, AAPL, FB, and GOOG.

Canada: BoC interest rate decision, (Thursday), building permits, and GDP (Friday).

BoC interest rate decision (Thursday): The BoC is expected to leave the overnight target at 0.25%, the forward guidance on rates and QE unchanged, as well as its purchases of C$5bn/week of GoC bonds.

Euro Area: German Ifo business survey (Monday), German employment and ECB interest rate meeting (Thursday), German CPI, GDP, and retail sales as well as EA GDP, unemployment and CPI (Friday).

ECB interest rate meeting (Thursday): The ECB is expected to leave monetary policy on hold this month before an expected increase in QE in December.

UK: Nothing of note.

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