Report experts: Most important global economic news for this week - TOP 5

Baku. 9 October. REPORT.AZ/ The most important global economic news for this week will be announced in the United States, Eurozone, UK and China.

Analytical Group of Report News Agency identified the most important 5 economic news of the week that could affect global financial market:

1) The US Federal Reserve System (Fed) protocols related to the previous meeting will be announced on October 11 at 22:00 Baku time. In addition, one of the real candidates for the post of Janet Yellen, member of the Board of Governors of Fed Jerome Powell is expected to address at the meeting. Also, during the week, member of the Fed Board of Governors Lael Brainard, Dallas Fed Chairman Robert Kaplan, Minneapolis Fed Chairman Neel Kashkari, and Chicago Fed President Charles Evans will make a speech. Notably, after the latest economic figures, the Fed's probability of increasing its rate in December exceeded 90%;

2) On October 11, at 16:30 pm Baku time, the US Department of Commerce will release inflation figures. According to the Consensus forecast, inflation will increase by 0.6% in September and base inflation by 0.2%. Compared to last year, inflation is expected to be 1.8%. In addition to these indicators, retail trade turnover, production price index, labor market indicator for open vacancies, etc., on October 13, expected to be disclosed;

3) On October 12, at 18:30 pm, the head of the European Central Bank (ECB) Mario Draghi is expected to address at annual meeting of the World Bank Group and the IMF in Washington, D.C., US. In this panel, investors will monitor the ECB's monetary policy prospects;

4) The volume of production in the UK processing sector will be announced on October 10;

5) On October 13, at 07:00, the Chinese trade balance for September will be announced. Experts estimate that the trade balance surplus will fall from $ 42.0 billion in August to $ 39.5 billion in September.