What to Watch in the Day Ahead - Tuesday, October 13

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Wall Street's earnings season gathers pace, with major US banks leading a slate of third-quarter results from corporate America. US banking giant JPMorgan is expected to report third-quarter results, with analysts forecasting higher profit. Investors are likely to focus on the outlook for dealmaking and trading, as well as executives’ views on the health of the US economy. At the same time, Goldman Sachs is expected to report a higher third-quarter profit, benefiting from a rebound in mergers and acquisitions that is set to boost investment banking fees and a rise in equities revenue driven by market volatility amid the US-Iran war. Investors will also be watching for any comments on CEO succession plans. Citigroup is expected to report strong third-quarter profit, helped by growth in investment banking and trading income, while Wells Fargo is expected to report a rise in third-quarter profit and revenue, supported by strong net interest income. Investors will look for Citibank management's commentary on consumer spending and the impact of interest rate hikes.

In healthcare, UnitedHealth Group is expected to report its third-quarter results. Investor focus will be on its medical cost management and the performance of its health insurance and Optum health services units. Additionally, Johnson & Johnson is set to report its third-quarter results before markets open and focus will be on changes in the company's annual outlook, comments around demand for key drugs and momentum in its medical devices business.

Federal Reserve Board Governor Christopher Waller is scheduled to participate in an AI discussion at the Bloomberg New Economy Forum 2026 in New Delhi (0345/0745). Later in the day, Richmond Fed President Thomas Barkin is set to take part in a discussion at the Howard University School of Business in Washington (1300/1700), while Boston Fed President Susan Collins is expected to speak on "Perspectives on the Economy and Financial Landscape" at the 25th Annual Regional and Community Bankers Conference in Boston (1600/2000).

The National Association of Realtors (NAR) is scheduled to release existing home sales data for September, with sales expected to slip to 3.95 million units from 3.98 million in August.

Apple is expected to unveil a suite of new smart home products that use its newly AI-infused Siri virtual assistant at an event in New York, including a new iPad-like device intended to hang on walls or sit on tabletops.

In Argentina, national statistics agency INDEC is due to release inflation data. Monthly inflation is expected to have accelerated to 1.9% in September from 1.7% in August, driven by seasonal factors that pushed up food prices. On an annual basis, inflation is forecast to ease slightly to 33.3% in September from 33.5% the previous month.

(Compiled by Imran Zafar; Edited by Diti Pujara)