Sections
| Title | Starting Page | Number of Pages |
|---|
| The Week Ahead | 1 | 1 |
| The Long View | 1 | 1 |
| Ratings Round-Up by Njundu Sanneh | 1 | 1 |
| Financials Downgraded in US, Upgraded in Europe. | 1 | 1 |
| Market Data | 1 | 1 |
| Moody s Capital Markets Research recent publications | 1 | 1 |
| Weekly Market Outlook Contributors: | 1 | 1 |
| Credit Markets Review and Outlook | 2 | 4 |
| Debt grows as profits shrink for a fifth time since 1982 | 2 | 2 |
| Higher interest rates risk prolonging today s profits slump | 4 | 1 |
| Faster inflation s lack of breadth increases the risks concerning higher rates | 4 | 2 |
| Topic of the Week By Ben Garber, Economist, Moody s Capital Markets Research, Inc. | 6 | 4 |
| Investor confidence reduces bond market turmoil | 6 | 1 |
| The pool of ultra-high risk debtors shrinks | 7 | 2 |
| Investor confidence in the energy sector spikes | 9 | 1 |
| The Week Ahead US, Europe, Asia-Pacific | 10 | 10 |
| THE US | 10 | 1 |
| Friday, October 28 | 10 | 1 |
| GDP Third Quarter (Advance Estimate) | 10 | 1 |
| Time: 8:30 am | 10 | 1 |
| Forecast: 2.5% | 10 | 1 |
| GDP growth is slated to improve significantly in the third quarter as the drag from slower inventory growth fades out. But the underlying economic lift from consumer spending is sliding after rising 4.3% annualized in the second quarter. With auto s... | 10 | 1 |
| University of Michigan Consumer Sentiment October Final | 10 | 1 |
| Time: 10:00 am | 10 | 1 |
| Forecast: 88.2 | 10 | 1 |
| Historically low consumer inflation expectations as seen in the Michigan sentiment survey can have serious policy implications. The initial October reading of 2.4% annualized expected inflation between five and ten years from now is the all-time low.... | 10 | 1 |
| Monday, October 31 | 10 | 1 |
| Personal Income &Spending September | 10 | 1 |
| Time: 8:30 am | 10 | 1 |
| Forecast: 0.4% income, 0.4% spending | 10 | 1 |
| Personal spending looks to expand strongly in September after showing no change in August. Yet the long-term trend for consumer spending appears less hearty, with retail sales excluding autos and fuel rising a subdued 3.7% year-over-year in the third... | 10 | 1 |
| Tuesday, November 1 | 10 | 1 |
| ISM Manufacturing Index October | 10 | 1 |
| Time: 10:00 am | 10 | 1 |
| Forecast: 51.5 | 10 | 1 |
| The ISM Manufacturing Index is projected to continue showing positive but not overly strong levels in October. Manufacturing output rose in three of the past four months, yet was unchanged year-over-year in September. To perpetuate the recent produc... | 10 | 1 |
| Vehicle Sales October | 10 | 1 |
| Forecast: 17.3 million | 10 | 1 |
| Vehicle sales are forecast to fall back in October after spiking by 5% in September. Heavy incentives are needed to keep auto sales afloat after an extended boom period has faded out. The 1.2% yearly decline of vehicle sales last quarter is close to... | 10 | 1 |
| Wednesday, November 2 | 11 | 1 |
| FOMC Rate Decision | 11 | 1 |
| Time: 2:00 pm | 11 | 1 |
| Forecast: 0.25%-0.5% fed funds target range | 11 | 1 |
| The coming election and the lack of a post-meeting press conference rule out any probability of a November rate hike, despite policymaker protests to the contrary. Solid job figures in line with September s results will allow for the first and only f... | 11 | 1 |
| Thursday, November 3 | 11 | 1 |
| Productivity &Unit Labor Costs Third Quarter Preliminary | 11 | 1 |
| Time: 8:30 am | 11 | 1 |
| Forecast: 1.6% productivity, 1.5% unit labor costs | 11 | 1 |
| Productivity is expected to display an encouraging uptick in the third quarter following three straight quarterly contractions. Accounting for the restructuring of the financial sector and the decline in commodity sector investment, trends in product... | 11 | 1 |
| ISM Non-Manufacturing Index October | 11 | 1 |
| Time: 10:00 am | 11 | 1 |
| Forecast: 56.1 | 11 | 1 |
| After rebounding sharply in September from August s six-year low, the ISM Non-Manufacturing Index is projected to produce another sturdy result. The substantial long-term gains in hiring reflects the solid prospects for service sector output. Privat... | 11 | 1 |
| Factory Orders September | 11 | 1 |
| Time: 10:00 am | 11 | 1 |
| Forecast: 0.5% | 11 | 1 |
| Factory orders are positioned to rise for the third straight month in September, pushing past an extended rough patch for industrial demand. Despite recent monthly gains, factory orders fell 3.8% yearly in the three months ending August. Persistent ... | 11 | 1 |
| Friday, November 4 | 11 | 1 |
| Employment Report October | 11 | 1 |
| Time: 8:30 am | 11 | 1 |
| Forecast: 165,000 nonfarm payrolls, 4.9% unemployment rate | 11 | 1 |
| Exceptionally low totals for unemployment insurance claims point to some tightening in the labor market and hint of a solid result for nonfarm payrolls in October. Recent weekly claims data are setting over 40-year lows, as employers are extremely re... | 11 | 1 |
| Trade Balance September | 11 | 1 |
| Time: 8:30 am | 11 | 1 |
| Forecast: -$41.8 billion | 11 | 1 |
| Rising commodity costs can help widen the trade deficit in September. Moody s Industrial Metals Price Index rose 11% year-over-year last month, the largest such gain in two years. Though it raises the costs of imports to the US, that increase in raw... | 11 | 1 |
| EUROPE | 12 | 1 |
| Friday, October 28 | 13 | 1 |
| France: GDP (Q3; 6:30 a.m. BST) | 13 | 1 |
| France: Household Consumption Survey (September; 7:45 a.m. BST) | 13 | 1 |
| Germany: Retail Sales (September; 8:00 a.m. BST) | 13 | 1 |
| Russia: Monetary Policy (October; 11:30 a.m. BST) | 13 | 1 |
| Spain: Retail Sales (September; 8:05 a.m. GMT) | 13 | 1 |
| Germany: Employment Situation (October; 9:00 a.m. GMT) | 14 | 1 |
| Euro Zone: Provisional GDP (Q3, 10:00 a.m. GMT) | 14 | 1 |
| Euro Zone: Preliminary Consumer Price Index (October; 10:00 a.m. GMT) | 14 | 1 |
| Tuesday, November 01 | 14 | 1 |
| Wednesday, November 02 | 14 | 1 |
| Thursday, November 03 | 14 | 1 |
| Euro Zone: Unemployment (August; 10:00 a.m. GMT) | 14 | 1 |
| Friday, November 04 | 15 | 1 |
| Russia: Consumer Price Index (September; 1:40 p.m. GMT) | 15 | 1 |
| Asia-Pacific | 15 | 1 |
| Friday, October 28 | 15 | 1 |
| Japan Consumer Price Index September | 15 | 1 |
| Japan Employment Situation September | 16 | 1 |
| Japan Household Expenditures Survey September | 16 | 1 |
| Monday, October 31 | 16 | 1 |
| Thailand Industrial Production September | 16 | 1 |
| South Korea Industrial Production August | 16 | 1 |
| South Korea Retail Sales September | 16 | 1 |
| Japan Industrial Production September | 16 | 1 |
| Japan Retail Sales September | 16 | 1 |
| Japan Housing Starts September | 17 | 1 |
| Thailand Private Consumption September | 17 | 1 |
| Thailand Foreign Trade September | 17 | 1 |
| Tuesday, November 1 | 17 | 1 |
| South Korea Foreign Trade October | 17 | 1 |
| South Korea Consumer Price Index October | 17 | 1 |
| Australia Monetary Policy October | 17 | 1 |
| Japan Monetary Policy November | 18 | 1 |
| Wednesday, November 2 | 18 | 1 |
| New Zealand Employment Situation 2016Q3 | 18 | 1 |
| Japan Consumer Confidence October | 18 | 1 |
| Thursday, November 3 | 18 | 1 |
| Australia Foreign Trade September | 18 | 1 |
| Friday, November 4 | 18 | 1 |
| Australia Retail Sales September | 18 | 1 |
| Malaysia Foreign Trade September | 19 | 1 |
| Thailand Monetary Policy November | 19 | 1 |
| The Long View | 20 | 4 |
| Credit spreads | 20 | 1 |
| Defaults | 20 | 1 |
| US CORPORATE BOND ISSUANCE | 20 | 1 |
| Through the first 43 weeks of 2016, US$-denominated corporate bond issuance showed year-over-year percent changes of an 8.4% increase for investment-grade and a -7.0% drop for high-yield. US economic outlook | 21 | 1 |
| EUROPE | 21 | 1 |
| Asia Pacific | 22 | 2 |
| Ratings Round-Up | 24 | 1 |
| Ratings Round-Up | 24 | 1 |
| Ratings Round-Up | 25 | 1 |
| Market Data | 26 | 4 |
| Moody s Capital Markets Research recent publications | 30 | 3 |
