Macro
Week ahead: October CPI lands Tuesday, with CoreWeave, Cisco and Applied Materials reporting
Inflation data and a run of AI-linked earnings give Wall Street a dense calendar after last week's tech sell-off.
HedgeWeekly News Desk ·
The US will publish October consumer price data on Tuesday, November 10, at 8:30 a.m. Eastern, followed by October producer prices on Friday, November 13, at the same hour. Headline and core CPI, shelter and services inflation are the focus, according to TradingKey's calendar for the week of November 9-13.
The Federal Reserve held its target range at 3.75% to 4.00% in October, with two members dissenting in favour of a quarter-point rise. SBS News reported that a hotter-than-expected CPI reading could revive concern about further hikes and is the main gauge for the December decision. Technology shares fell sharply last week, and investors are watching whether dip buying returns, SBS said.
The earnings slate leans towards AI infrastructure. CoreWeave reports after the close on Tuesday. Nebius reports before the open on Thursday, November 12, while Cisco, Applied Materials and Cerebras Systems report after the close that day. Franco-Nevada reports after the close on Wednesday, and Japanese lenders Mitsubishi UFJ and Sumitomo Mitsui report before the open on Friday. US stocks trade normally on Veterans Day, Wednesday, but the bond market is closed.
For funds and allocators, the week pairs the inflation print with the first financing and capex updates from AI cloud names since the sell-off, so results and CPI may move the same positions. A closed Treasury market on Wednesday means rates traders will have no US cash-bond price between Tuesday's CPI reaction and Thursday. Watch commentary on spending and funding from CoreWeave and Nebius, and equipment demand from Applied Materials.