Next week's key market focuses are the National CPI, US corporate earnings and the trend in the US PMI. The increasing pace of domestic and overseas earnings announcements and the outlook for inflation indicators could affect market sentiment.
In Japan, the National CPI is scheduled to be released on the 23rd next week, with a 2.1% month-on-month increase expected. The period also coincides with expectations for the Bank of Japan's decision on an interest-rate hike, and the CPI result could prompt a short-term market reaction.
In the US, earnings announcements will gather pace. GM and Netflix on the 20th, IBM, Meta, Tesla and Texas Instruments on the 21st, and Newmont and P&G on the 22nd will be among the companies in focus. The key issue is expected to be the level of concern surrounding excessive enthusiasm over AI investment.
As US inflation indicators, September CPI rose 3.7% year on year, exceeding market expectations, while September PPI rose 1.3% month on month. These figures could affect the performance of US long-term interest rates and the stock market's reaction during the next recovery phase.
In the foreign exchange market, the dollar-yen trend will be closely watched, while movements in US interest rates and instability in Europe could affect the market. Market attention is also expected to focus on the FOMC schedule and developments at the Bank of Japan.