The week ahead in equities, indices, forex and commodities.

GDP releases for the UK and US are the highlights of the week, while earnings season hits full speed with results from Apple, Amazon and Google due out.

Macro data is weighted to the end of the week, with the preliminary third quarter GDP readings for the UK due Thursday and the US on Friday. After Britain’s decision to leave the EU, the data will show whether the country’s economy has already suffered a material decline, or if the fall in sterling has indeed acted as a buffer to growth in the short-term. US data should offer more clues about how close the Federal Reserve is to hiking interest rates.

Meanwhile it’s a very busy week for corporate earnings releases.

Apple leads the way on Tuesday, with investors looking for details about how the new iPhone 7 is delivering. The stock has rallied around 20% since the start of July, but remains some way short of the record high hit last year.

It’s a massive day for Wall Street, with Dow 30 components 3M, Merck, Caterpillar and Procter & Gamble also due to report on Tuesday.

On Thursday attention turns to Alphabet, Google’s parent company, and Amazon. Twitter is also due to release earnings amid ongoing chatter about a potential sale. Embattled German corporate giants Volkswagen and Deutsche Bank are also set to report earnings.

Staying with struggling banks; RBS is the highlight on the FTSE earnings front, with earnings due on Friday. Oil giants Chevron and Exxon Mobil will among the other firms reporting that day.

Economic Calendar

(All times are BST)

Monday, 24 October

00:50 – Japan trade balance, imports and exports

01:30 – Japan flash manufacturing PMI

08:00 – French flash manufacturing & services PMIs

08:30 – German flash manufacturing & services PMIs

09:00 – Eurozone flash manufacturing & services PMIs

14:45 – US flash manufacturing PMI

Tuesday, 25 October

09:00 – German Ifo business climate

15:00 – US CB consumer confidence

Wednesday, 26 October

01:30 – Australia CPI inflation

15:00 – US new home sales

15:30 – US crude oil inventories

Thursday, 27 October

09:30 – UK Q3 preliminary GDP reading

13:30 – US core durable goods, weekly unemployment claims

Friday, 28 October

00:30 – Japan CPO inflation, household spending, unemployment rate

13:00 – German CPI inflation

13:30 – US Q3 advance GDP reading

Earnings Calendar


Monday, 24 October

Visa (V) – Q4/2016, EPS estimate 0.728

Tuesday, 25 October

Apple (AAPL) – Q4/2016, EPS estimate 1.653

AT&T (T) – Q3/2016, EPS estimate 0.739

3M (MMM) – Q3/2016, EPS estimate 2.139

Caterpillar (CAT) – Q3/2016, EPS estimate 0.771

Chipotle Mexican Grill (CMG) – Q3/2016, EPS estimate 1.603

Lockheed Martin (LMT) - Q3/2016, EPS estimate 2.90

Merck & Co (MRK) – Q3/2016, EPS estimate 0.985

Procter & Gamble (PG) – Q1/2017, EPS estimate 0.978

General Motors (GM) – Q3/2016, EPS estimate 1.443

Fiat Chrysler (FCAU) – Q3/2016, EPS estimate 0.350

Whitbread (WTB) – S1/2017, EPS estimate 1.298

Wednesday, 26 October

Biogen (BIIB) – Q3/2016, EPS estimate 4.979

The Boeing Company (BA) – Q3/2016, EPS estimate 2.662

Coca-Cola (KO) – Q3/2016, EPS estimate 0.482

Northrop Grumman (NOC) – Q3/2016, EPS estimate 2.808

GlaxoSmithKline (GSK) – Q3/2016, EPS estimate 0.295

Lloyds Banking Group (LLOY) – Q3/2016, EPS estimate 0.021

Santander UK (ANL) – Q3/2016

Bayer (BAYN) – Q3/2016, EPS estimate 1.636

Thursday, 27 October

Alphabet (GOOGL) – Q3/2016, EPS estimate 8.629 (AMZN) – Q3.2016, EPS estimate 0.777

Ford Motor Co (F) – Q3/2016, EPS estimate 0.206

L-3 Communications (LLL) – Q3/2016, EPS estimate 1.825

Raytheon (RTN) – Q3/2016, EPS estimate 1.659

Twitter (TWTR) – Q3/2016, EPS estimate 0.088

Barclays (BARC) – Q3/2016, EPS estimate 0.017

BT Group (BT/A) – S1/2017

Deutsche Bank (DBK) – Q3/2016, EPS estimate 1.043

Volkswagen (VOW) – Q3/2016

Friday, 28 October

Chevron (CVX) – Q3/2016, EPS estimate 0.380

Exxon Mobil (XOM) – Q3/2016, EPS estimate 0.625

International Consolidated Airlines (IAG) – Q3/2016, EPS estimate 0.450

Royal Bank of Scotland (RBS) – Q3/2016, EPS estimate 0.045

Linde (LIN) – Q3/2016, EPS estimate 1.740

Sources: Bloomberg/CNBC