Week Ahead - Oct 6th

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The US government shutdown will remain the focus next week as the extended impasse between members of Congress showed little signs of improvement. The shutdown jeopardizes releases from Federal agencies including the trade balance, jobless claims, and the budget statement after the September jobs report and other key data has already been delayed. Still, the minutes from the FOMC's last meeting is still expected. Among non-governmental releases, October's Michigan Consumer Sentiment surveyed will be eyed. Also on the monetary policy front, the ECB will release its meeting account and the RBNZ will set its policy rate. Meanwhile, key data in Europe includes Germany and Italian industrial production and the Eurozone's retail sales. Inflation will be due from Brazil, Mexico, Russia, and major ASEAN members.

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