Personal consumption expenditure: The PCE index is the Federal Reserve’s preferred measure of inflation, and the latest data will be closely followed ahead of the central bank’s policy meeting on November 3. The core PCE index, which excludes volatile components such as energy and food, is expected to have risen 0.2 per cent in September following a 0.3 per cent increase in August, according to a Refinitiv poll of economists. That should push the year-on-year increase to 3.7 per cent.
Big Oil: Investors will be watching just how well the recent jump in oil prices to seven-year highs has played out for ExxonMobil and Chevron, which both report earnings before Wall Street’s opening bell. Exxon is expected to report net income of more than $6.5bn, a level not reached since 2016, according to Refinitiv. Chevron’s net profit is expected to come in at more than $4.2bn, also its highest level in years.
US earnings: Newell Brands,…
