Publication Date: October 9, 2026

In this economic calendar, we discuss the key macroeconomic developments and releases that could move the financial markets in the coming week.

A look back at last week

The trading week began with a rebound. Falling bond yields and lower oil prices fueled positive sentiment in the stock markets. The S&P 500 and the Nasdaq closed at record highs on Tuesday. European stock markets also rebounded for three consecutive trading days, after hitting their lowest level in four months the previous week.

On Wednesday, sentiment shifted. Due to rising tensions in the Middle East and Iranian threats to close the southern shipping lanes around the Strait of Hormuz, the price of a barrel of Brent crude rose again above $100. At the same time, yields on U.S. Treasury bonds rose sharply. The 10-year yield peaked at 5.36% during trading, and the 30-year yield rose to 5.73%. This marked the highest level for both yields in 24 years.

On Wednesday evening, the Federal Reserve (Fed) released the minutes from its September interest rate meeting. During that meeting, the policy rate was raised by 25 basis points to a range of 3.75% to 4.00%. The minutes show that most policymakers consider another rate hike before the end of the year to be appropriate, but there is uncertainty about the exact timing. Partly due to the disappointing U.S. jobs data from late September, investors estimate the probability of an interest rate hike at the October 28 meeting to be about 20%.

On Thursday, technology and chip stocks came under particular pressure. Reports on OpenAI’s revenue growth fueled concerns about the return on substantial investments in artificial intelligence. Investors are increasingly wondering whether the expected revenue growth will be sufficient to justify these investments. The Nasdaq lost 1.25%, while the Philadelphia Semiconductor Index, a key barometer for U.S. chip stocks, fell 3.4%.

Outlook for the coming week:

The most important macroeconomic release of the coming week is the U.S. Consumer Price Index for September, which will be released on Wednesday at 2:30 p.m. Economists expect year-over-year inflation to rise from 3.4% in August to about 3.7% in September. This increase is expected to be largely driven by higher gasoline prices. Since investors are already factoring in a rise in inflation, attention will focus primarily on core inflation, which excludes food and energy prices. Core inflation is expected to rise by 0.2% on a month-over-month basis.

A higher-than-expected core inflation figure could reinforce expectations of another interest rate hike by the Fed. This could put upward pressure on U.S. bond yields and, as a result, weigh particularly heavily on technology and growth stocks. Conversely, core inflation that comes in line with or below expectations could provide relief for the bond and stock markets.

ASML will also release its quarterly results on Wednesday. Following recent price declines in the semiconductor sector, investors will be paying particular attention to order intake and the outlook for 2027. ASML’s results and outlook could therefore have a significant impact on sentiment across the entire chip sector.

The U.S. third-quarter earnings season kicks off on Tuesday with results from JPMorgan Chase and Goldman Sachs, among others. These figures will give investors greater insight into the profitability of the banking sector and the performance of the U.S. economy.

On Thursday, U.S. retail sales figures for September will be released. Following the strong 1.2% increase in August, the key question is whether consumer spending will remain steady now that job growth is slowing and higher inflation is putting pressure on purchasing power.

On Friday, the final inflation figure for the eurozone for September will be released. According to the preliminary estimate, inflation rose from 3.2% in August to 3.8% in September, a stronger-than-expected increase. A further upward revision could reinforce expectations of additional interest rate hikes by the European Central Bank (ECB).

In addition to these economic releases, geopolitical developments surrounding Iran and the Strait of Hormuz remain a key factor for financial markets. A further rise in oil prices could increase inflationary pressure and influence interest rate expectations. Conversely, an easing of tensions could help restore confidence in the stock and bond markets.

Economic Calendar for Week 42

Below is an overview of the most important macroeconomic releases for the coming week. These figures may lead to increased volatility in the financial markets.

Monday, October 12, 2026:

United States:

• Columbus Day: U.S. bond markets are closed. (Stock markets are open.)

Tuesday, October 13, 2026:

United States:

• 1:00 p.m.: JPMorgan Chase quarterly earnings

• 1:30 p.m.: Goldman Sachs quarterly earnings

Wednesday, October 14, 2026:

Europe:

• 8:00 a.m.: ASML quarterly results

United States:

• 2:30 p.m.: Consumer Price Index (CPI) for September
• 2:30 p.m.: Core Consumer Price Index for September

Thursday, October 15, 2026:

United States:

• 2:30 p.m.: September Retail Sales
• 2:30 p.m.: Producer Price Index (PPI) for September
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Friday, October 16, 2026:

Europe:

• 11:00 a.m.: Eurozone Consumer Price Index for September

   

United States:

• 2:30 p.m.: Import and Export Price Index for September

Please note that publication dates and times are subject to change. For the most up-to-date information, always consult the official communication channels of the relevant institutions and government agencies.

Disclaimer: Investinginvolves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. They are therefore intended for educational purposes only.