US market focus: Inflation and industrial output in the spotlight

(1) On Friday, the US market will focus on import prices, industrial output, regional bank earnings reports, and speeches from Federal Reserve officials. Following this week's higher-than-expected inflation data, the market continues to monitor the developments in inflation, economic growth, and Treasury yields. (2) At 20:30 Beijing time, the US import and export price index will be released. The market expects import prices to rise by 0.7% to 0.8% month-on-month, and export prices to increase by about 1% month-on-month. If import prices exceed expectations, concerns over sticky inflation may intensify. (3) At the same time, the New York Fed Service Sector Activity Survey will also be released. (4) At 21:15 Beijing time, US September industrial output will be released, with the market expecting a month-on-month increase of 0.4%, a capacity utilization rate of about 76.5%, and manufacturing output up by about 0.3% month-on-month. (5) Stronger-than-expected industrial output could reinforce expectations for further tightening by the Federal Reserve, while weaker-than-expected data may trigger concerns over slowing economic growth. (6) At 21:15 Beijing time, capacity utilization and manufacturing output data will also be announced. (7) At 1:00 a.m. Beijing time the next day, the Baker Hughes oil and total rig count will be released, with energy prices remaining sensitive to changes in the Middle East situation. (8) At 2:00 a.m. Beijing time the next day, the US monthly budget statement will be published. (9) At 4:00 a.m. Beijing time the next day, the US Treasury International Capital flows data will be announced, providing clues for the public to assess overseas demand for US financial assets. (10) Federal Reserve Chair Walsh and International Monetary Fund Managing Director Georgieva are scheduled to hold discussions, with the exact time yet to be determined. Investors will be watching for statements on inflation, monetary policy, global growth, and financial stability. (11) Throughout the day, attention will also be on the International Monetary Fund and World Bank meetings, crude oil and Middle East-related news, Treasury yields, and position adjustments ahead of the weekend.