Week’s main events (August 21 – August 25)
This week, investors will focus on US Federal Reserve Chairman Jerome Powell’s speech at the Central Bank’s annual conference in Jackson Hole, where he will share his views on the future trajectory of interest rates. Fed executives reiterated that there is still much work to be done in their fight against inflation. Investors should also keep an eye on the People’s Bank of China’s interest rate decision. Chinese banks unexpectedly lowered interest rates last week, and expectations are growing that PBoС will cut the prime rate on Monday. Also, Eurozone countries will publish important data on manufacturing and services PMI that will show the health of the economy during a period of high-interest rates.
- – New Zealand Trade Balance (q/q) at 01:45 (GMT+3);
- – China PBoC Loan Prime Rate at 04:15 (GMT+3);
- – German Producer Price Index (m/m) at 09:00 (GMT+3).
- – US Existing Home Sales (m/m) at 17:00 (GMT+3);
- – US FOMC Member Bowman Speaks at 21:30 (GMT+3).
- – New Zealand Retail Sales (q/q) at 01:45 (GMT+3);
- – Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
- – Australia Services PMI (m/m) at 02:00 (GMT+3);
- – Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
- – Japan Services PMI (m/m) at 03:30 (GMT+3);
- – Singapore Consumer Price Index (m/m) at 08:00 (GMT+3);
- – German Manufacturing PMI (m/m) at 10:30 (GMT+3);
- – German Services PMI (m/m) at 10:30 (GMT+3);
- – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
- – Eurozone Services PMI (m/m) at 11:00 (GMT+3);
- – UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
- – UK Services PMI (m/m) at 11:30 (GMT+3);
- – Canada Retail Sales (m/m) at 15:30 (GMT+3);
- – US Manufacturing PMI (m/m) at 16:45 (GMT+3);
- – US Services PMI (m/m) at 16:45 (GMT+3);
- – US New Home Sales (m/m) at 17:00 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
- – Jackson Hole Symposium at 15:00 (GMT+3);
- – US Core Durable Goods Orders (m/m) at 15:30 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3);
- – US FOMC Member Harker Speaks at 19:00 (GMT+3).
- – Japan Tokyo Core CPI (m/m) at 02:30 (GMT+3);
- – German GDP (q/q) at 09:00 (GMT+3);
- – German Ifo Business Climate (m/m) at 11:00 (GMT+3);
- – Jackson Hole Symposium at 15:00 (GMT+3);
- – US FOMC Member Harker Speaks at 16:00 (GMT+3);
- – US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3);
- – US Fed Chair Powell Speaks at 17:05 (GMT+3);
- – ECB President Lagarde Speaks at 22:00 (GMT+3).
by 2023.08.21
, Open Account