Next week's macro outlook: Fed enters blackout period, Jensen Huang to appear at GTC Berlin, Meta and Tesla earnings in market spotlight

BlockBeats news, October 18 - Last week, US tech stocks experienced a significant pullback, with the Nasdaq falling over 4% for the week as the market digested stronger-than-expected inflation data and re-evaluated the "unstoppable economy" narrative. The Federal Reserve has entered its blackout period ahead of the October 28 FOMC meeting, with no official commentary this week, leaving pricing more to tech giant earnings and economic data: Meta and Tesla will report earnings in concentration, while the semiconductor and memory sectors also enter their earnings disclosure window. On Friday, the preliminary PMI readings for Europe and the US, along with the final University of Michigan confidence reading, will test the rate hike path. Geopolitically, Trump has suspended comprehensive sanctions on Russia and tariff enforcement, setting an approximately 60-day assessment window, while disruptions to shipping in the Strait of Hormuz and escalating risks in the Middle East continue to support oil price premiums. Key events at a glance:

Tuesday:

NVIDIA GTC Berlin conference opens (through the 22nd).

Wednesday:

US API and EIA crude oil inventories for the week ending October 16;

Beijing time evening, NVIDIA CEO Jensen Huang delivers keynote at GTC Berlin;

US stocks enter super earnings day, with Meta, Tesla, IBM, and Lam Research reporting after the bell.

Thursday:

US initial jobless claims for the week ending October 17;

US pre-market, Nokia reports earnings; after the bell, Western Digital and MaxLinear report.

Friday:

US October S&P Global Manufacturing and Services PMI preliminary readings;

US October University of Michigan Consumer Sentiment Index final reading, one-year inflation expectations final reading;

Japan September CPI, Japan October Composite/Manufacturing/Services PMI preliminary readings, as the market gauges price temperature ahead of the Bank of Japan's October 30 decision.