PANews October 18 news, according to Jinshi, this week Wall Street began to waver, re-examining the performance of the U.S. economy that seemed "unbreakable." On Friday, technology stocks suffered broad selling, capping off a weak week for the market. The Nasdaq Composite fell 4.5% this week, its worst weekly performance since June; the S&P 500 fell 1.1% on Friday and 1.9% for the week. The following are the key points the market will focus on in the new week (all Beijing time):
Thursday, the Bank of Korea announces its interest rate decision
Thursday 00:00, European Central Bank President Lagarde delivers a speech
Thursday 22:00, euro area October consumer confidence index preliminary value, U.S. September Conference Board leading indicator MoM rate
Friday 14:00, UK September seasonally adjusted retail sales MoM rate
Friday 21:45, U.S. October S&P Global manufacturing/services PMI preliminary values
Friday 22:00, U.S. October University of Michigan consumer sentiment index final value, U.S. October one-year inflation rate expectation final value
The Federal Reserve has entered its blackout period ahead of the October 27-28 interest rate meeting. Next week, about 70 S&P 500 constituent companies will report earnings. Tesla (TSLA.O), Meta Platforms (META.O), Western Digital (WDC.O), AT&T (T.N) and other important individual stocks will report next week.