Market Review October 14: Awaiting CPI Inflation at 17:30, Goldman Sachs Soars, and Oil Rises
On Wednesday, October 14, 2026 (data as of 14:15 Almaty time / UTC+5), Asia tried to recover from the semiconductor crash, but the rebound faltered after ASML's report following the classic 'sell the news' scenario. Markets froze awaiting the main trigger of the week — US September inflation (CPI) at 17:30. Meanwhile, Brent oil rose above $106 amid geopolitical tensions, and the US banking sector showed strong but mixed Q3 results.
On Wednesday, October 14, 2026 (data as of 14:15 Almaty time / UTC+5), Asia attempted to recover from the semiconductor crash, but the rebound faltered after ASML's report following the classic "sell the news" scenario. Markets froze awaiting the main trigger of the week — US September inflation (CPI) at 17:30. Meanwhile, Brent oil rose above $106 amid geopolitical tensions, and the US banking sector showed strong but mixed Q3 results.
Asia: Failed Rebound and Profit Taking in Chips after ASML
Failed growth attempt: South Korea's KOSPI opened up 1.8% (Samsung gained over 4%) but closed down for the sixth consecutive session (−0.44%). ASML's report met revenue forecasts, triggering profit taking despite a strong Q4 outlook and warnings of capacity shortages in 2027–2028.
Japanese sector: Tokyo Electron and Lasertec shares fell following the reaction to ASML's report, dragging the Nikkei into its fifth consecutive losing day.
USA: Strong Bank Trading Income and Positive Futures
Earnings season: Goldman Sachs exceeded EPS forecasts by 30% ($17.01 vs. $13.09) thanks to trading. Meanwhile, the traditional lending segment faces pressure — JPMorgan missed profit and revenue expectations.
| Bank | EPS Actual / Forecast | Reaction |
|---|---|---|
| Goldman Sachs | $17.01 / $13.09 | +4.65% |
| Citigroup | $2.85 / $2.65 | −0.69% |
| Wells Fargo | $1.87 / $1.84 | −1.39% |
| JPMorgan | $5.75 / $5.93 | +0.18% |
Morning futures: S&P 500 (+0.22%), Dow (+0.31%), and Russell 2000 (+0.39%) trade moderately higher awaiting the CPI data release.
Commodities and Inflation: Brent Above $106 and Calm in Gold
Oil factor: Brent rose to about $106.6 due to Houthi strikes on Saudi infrastructure and new attacks on tankers in the Strait of Hormuz. The UST 10Y yield stabilized near 5.221%.
Precious metals: Gold remains confined within a narrow range of $4,155–4,174 for the third consecutive session. A volatility spike is expected immediately after the CPI release.
Calendar and Triggers of the Day (October 14, Almaty Time)
| Time | Event / Release | Status / Importance |
|---|---|---|
| 17:30 | US Consumer Price Index (CPI) for September | Critical |
| 18:30 | US Stock Market Opening (NYSE / Nasdaq) | High |
| Throughout the day | Bank of America and Morgan Stanley Earnings Reports | High |
What Traders Should Watch:
- Risk peak at 17:30: The CPI release and US market opening are only one hour apart. Reminder: trading within ±3 minutes around major news (including triggering of pending orders and stops) is prohibited.
- Semiconductor sector: The chip rebound did not hold; the market remains volatile and erratic. Avoid aggressive buying until volatility subsides.
- Geopolitical premium in oil: Brent above $106 amid escalation in the Strait of Hormuz. New positions should be taken with caution due to increased likelihood of price gaps.