The Market ThesisNext Week Outlook
Asia & Pacific Edition
November 8, 2026 at 9:00 AM ET
By MacroGlide's Analysts
Markets Outlook for the week of November 9 – 15, 2026
China CPI and Trade Data to Shape Market Sentiment
Is the market ready for the week ahead?
Next week in Asia, China’s economic releases set the pace with CPI (YoY) and the inflation rate both forecast to rise 0.8% on Monday, just below last month’s 0.9%. China’s trade data is also expected, with consensus pointing to 33% growth in both exports and imports, signaling continued strength after previous readings of 36.3% and 31%. Earnings from KT Corporation on Tuesday and Mitsubishi UFJ’s report on Friday add a sector-specific backdrop, with MUFG’s EPS estimate steady at 0.45. This combination of easing inflation and resilient trade supports regional equities and commodity demand. Together, these catalysts indicate stable positioning in Asia’s markets, with financial shares exposed to report-driven shifts.
Key Upcoming Events
China CPI Data Released
China's Consumer Price Index (CPI) data is released on November 9. Forecast is for a year-on-year increase of 0.8%, compared to the previous 0.9%. This data matters now because it signals the pace of inflation in China, affecting real incomes and demand across the region. Against the current macro backdrop of low and stable inflation, a soft CPI print maintains flexibility for policy support and underpins commodity flows. This impacts regional equities and the CSI300 index through shifts in earnings expectations and sector rotation.
China Trade Data Released
China's trade data, including imports and exports, is released on November 9. Both exports and imports are forecast to grow 33%, following previous readings of 36.3% and 31% respectively. These data points matter because they reflect the strength and breadth of demand recovery in China and Asia now, with direct links to regional supply chains. Combined with the current growth backdrop, strong trade growth supports manufacturing and stabilizes risk appetite across the region. This affects the Hang Seng Index and Asian equities through trade-exposed sectors.
Australia NAB Business Confidence Released
Australia's NAB Business Confidence report is released on November 9. The previous reading was -13, with no explicit forecast available. This matters now because business sentiment reflects current investment intentions and hiring plans amid ongoing global demand uncertainty. In the current regime of uneven growth in Asia, this sentiment indicator provides context on Australia’s economic trajectory alongside commodity markets. The Australian dollar and the S&P/ASX index react through changes in outlook for investment and consumer activity.
KT Corporation Earnings Report
KT Corporation reports its earnings on November 10. Estimated EPS is $0.57 versus the previous $0.61. This matters because the telecommunications sector is navigating flat revenue growth and margin compression given current cost pressures and digital investment needs. Against the current policy backdrop, results from major telecoms like KT offer signals on sector resilience and the broader trajectory for corporate earnings breadth. The KOSPI index and sector equities move through earnings-driven revisions and sentiment shifts.
Seasonality
A brief look at the strongest seasonal patterns for the week ahead. These patterns highlight date ranges where this asset has historically shown consistent moves.
Sample period varies by company from 7 to 10 years of historical data.
Sample period varies by company from 7 to 10 years of historical data.
Key Financial Reports
Several major companies will report earnings next week. KT Corporation (KT) is set to release its results on November 10, with an EPS estimate of $0.57, down from $0.61 previously. These earnings will be crucial in assessing the telecom sector's performance amid current economic conditions.
EPS scheduled for the week of November 9 – 15, 2026 ET.
Key Macroeconomic Reports
On November 9, China will release its CPI data, with a forecast of 0.8%, down from the previous 0.9%. This report is crucial for understanding inflation trends in China. The inflation rate's direction will shape expectations for future monetary policy. Later that day, trade data from China is also expected, with imports projected to grow by 33% and exports by 33%, signaling continued strength in China's economy. These releases are likely to influence market views on regional equities and commodity demand.
Macroeconomic data scheduled on November 8, 2026 ET.
Top Stories
A quick look at the five stories that are set to shape next week's market sentiment. Explained with brief context highlighting why each story matters next week.
Source: Australian Financial Review
RBA’s ugly outlook spells tough times for Australia’s economy
The Reserve Bank of Australia has updated its forecasts for economic growth, inflation, and unemployment in its latest monetary policy statement. The interest rate has risen to 4.85 per cent, the highest in 18 years, highlighting the economy's fragility. RBA governor Michele Bullock noted that this situation may make people feel poorer, resembling a recession, even though the bank does not predict a technical recession. The 75-page quarterly Statement on Monetary Policy reveals concerning economic indicators.
Source: Australian Financial Review
RBA board tensions rise over pre-meeting rate signals
Tensions have surfaced among Reserve Bank of Australia board members regarding deputy governor Andrew Hauser's public comments about likely interest rate increases. Board members privately criticized Hauser for signaling a rate rise two weeks before the official meeting, believing it undermined their independence. This discord was evident in the split 6-3 decision to raise interest rates to 4.85 per cent, an 18-year high, during their recent two-day meeting.
Source: Australian Financial Review
‘Chickens coming home to roost’: 70pc of inflation surge homegrown
The Business Council of Australia has urged the government to cut spending growth and focus on productivity, following analysis showing that 70 per cent of the inflation surge is driven by domestic demand. This call came after the Reserve Bank of Australia raised interest rates for the fifth time this year, citing domestic demand as a key factor. Business leaders expressed frustration that the government has ignored warnings about excessive spending growth relative to the economy.
Source: Australian Financial Review
Chalmers gags PC from examining tax and IR impacts on business
Treasurer Jim Chalmers has blocked the Productivity Commission from examining the effects of industrial relations and tax settings on business dynamism. This decision has drawn criticism from business groups, as the Commission's interim report indicated that many participants identified these factors as crucial. The report authors stated they could not include recommendations for improvement due to the restrictions imposed by Chalmers, despite the importance of these issues in their inquiry.
Other Headlines
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Explore all past issues →The Market ThesisNext Week Outlook
Asia & Pacific Edition
November 8, 2026 at 9:00 AM ET
Markets Outlook for the week of November 9 – 15, 2026
China CPI and Trade Data to Shape Market Sentiment
Is the market ready for the week ahead?
Next week in Asia, China’s economic releases set the pace with CPI (YoY) and the inflation rate both forecast to rise 0.8% on Monday, just below last month’s 0.9%. China’s trade data is also expected, with consensus pointing to 33% growth in both exports and imports, signaling continued strength after previous readings of 36.3% and 31%. Earnings from KT Corporation on Tuesday and Mitsubishi UFJ’s report on Friday add a sector-specific backdrop, with MUFG’s EPS estimate steady at 0.45. This combination of easing inflation and resilient trade supports regional equities and commodity demand. Together, these catalysts indicate stable positioning in Asia’s markets, with financial shares exposed to report-driven shifts.
Key Upcoming Events
China CPI Data Released
China's Consumer Price Index (CPI) data is released on November 9. Forecast is for a year-on-year increase of 0.8%, compared to the previous 0.9%. This data matters now because it signals the pace of inflation in China, affecting real incomes and demand across the region. Against the current macro backdrop of low and stable inflation, a soft CPI print maintains flexibility for policy support and underpins commodity flows. This impacts regional equities and the CSI300 index through shifts in earnings expectations and sector rotation.
China Trade Data Released
China's trade data, including imports and exports, is released on November 9. Both exports and imports are forecast to grow 33%, following previous readings of 36.3% and 31% respectively. These data points matter because they reflect the strength and breadth of demand recovery in China and Asia now, with direct links to regional supply chains. Combined with the current growth backdrop, strong trade growth supports manufacturing and stabilizes risk appetite across the region. This affects the Hang Seng Index and Asian equities through trade-exposed sectors.
Australia NAB Business Confidence Released
Australia's NAB Business Confidence report is released on November 9. The previous reading was -13, with no explicit forecast available. This matters now because business sentiment reflects current investment intentions and hiring plans amid ongoing global demand uncertainty. In the current regime of uneven growth in Asia, this sentiment indicator provides context on Australia’s economic trajectory alongside commodity markets. The Australian dollar and the S&P/ASX index react through changes in outlook for investment and consumer activity.
KT Corporation Earnings Report
KT Corporation reports its earnings on November 10. Estimated EPS is $0.57 versus the previous $0.61. This matters because the telecommunications sector is navigating flat revenue growth and margin compression given current cost pressures and digital investment needs. Against the current policy backdrop, results from major telecoms like KT offer signals on sector resilience and the broader trajectory for corporate earnings breadth. The KOSPI index and sector equities move through earnings-driven revisions and sentiment shifts.
Seasonality
A brief look at the strongest seasonal patterns for the week ahead. These patterns highlight date ranges where this asset has historically shown consistent moves.
Stocks & ETFs
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Sample period varies by company from 7 to 10 years of historical data.
Commodities & Crypto
Detailed View →Return
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Sample period varies by company from 7 to 10 years of historical data.
Key Financial Reports
Several major companies will report earnings next week. KT Corporation (KT) is set to release its results on November 10, with an EPS estimate of $0.57, down from $0.61 previously. These earnings will be crucial in assessing the telecom sector's performance amid current economic conditions.
Earnings Per Share (EPS)
Detailed View →Reaction
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EPS scheduled for the week of November 9 – 15, 2026 ET.
Key Macroeconomic Reports
On November 9, China will release its CPI data, with a forecast of 0.8%, down from the previous 0.9%. This report is crucial for understanding inflation trends in China. The inflation rate's direction will shape expectations for future monetary policy. Later that day, trade data from China is also expected, with imports projected to grow by 33% and exports by 33%, signaling continued strength in China's economy. These releases are likely to influence market views on regional equities and commodity demand.
Macroeconomic Data
Detailed View →Macroeconomic data scheduled on November 8, 2026 ET.
Top Stories
A quick look at the five stories that are set to shape next week's market sentiment. Explained with brief context highlighting why each story matters next week.
RBA’s ugly outlook spells tough times for Australia’s economy
The Reserve Bank of Australia has updated its forecasts for economic growth, inflation, and unemployment in its latest monetary policy statement. The interest rate has risen to 4.85 per cent, the highest in 18 years, highlighting the economy's fragility. RBA governor Michele Bullock noted that this situation may make people feel poorer, resembling a recession, even though the bank does not predict a technical recession. The 75-page quarterly Statement on Monetary Policy reveals concerning economic indicators.
Source: Australian Financial Review
RBA board tensions rise over pre-meeting rate signals
Tensions have surfaced among Reserve Bank of Australia board members regarding deputy governor Andrew Hauser's public comments about likely interest rate increases. Board members privately criticized Hauser for signaling a rate rise two weeks before the official meeting, believing it undermined their independence. This discord was evident in the split 6-3 decision to raise interest rates to 4.85 per cent, an 18-year high, during their recent two-day meeting.
Source: Australian Financial Review
‘Chickens coming home to roost’: 70pc of inflation surge homegrown
The Business Council of Australia has urged the government to cut spending growth and focus on productivity, following analysis showing that 70 per cent of the inflation surge is driven by domestic demand. This call came after the Reserve Bank of Australia raised interest rates for the fifth time this year, citing domestic demand as a key factor. Business leaders expressed frustration that the government has ignored warnings about excessive spending growth relative to the economy.
Source: Australian Financial Review
Chalmers gags PC from examining tax and IR impacts on business
Treasurer Jim Chalmers has blocked the Productivity Commission from examining the effects of industrial relations and tax settings on business dynamism. This decision has drawn criticism from business groups, as the Commission's interim report indicated that many participants identified these factors as crucial. The report authors stated they could not include recommendations for improvement due to the restrictions imposed by Chalmers, despite the importance of these issues in their inquiry.
Source: Australian Financial Review
Other Headlines
IEA chief predicts climate action comeback ahead of COP31 summit
Copper and conflict trigger profit surge for Buffett-backed Japanese commodity traders
US, Russia and China discuss meeting between Trump, Putin and Xi
China’s soaring chemical exports threaten new trade war front
Enjoying The Market Thesis? Get more news and analysis with our regional editions for The United States and Europe & UK.
If you received this newsletter from someone else, subscribe here.
To stop receiving The Market Thesis, unsubscribe.
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