Week’s main events (September 09 – September 13)
The week’s main event will be the US inflation data on Wednesday. Inflation is expected to continue to decline and fall to 2.6% in annualized terms. This will increase the probability that the US Fed may cut the rate by 0.5% in September to reduce the economic impact. On Tuesday, the UK labor market data will be released, and a weak report may increase the likelihood of a rate cut by the Bank of England at the next meeting. On Thursday, the ECB will make its interest rate decision. Economists and money markets agree that the ECB will cut the rate by 0.25%. Also worth keeping an eye on this week is inflation and trade balance data from China.
- – Japan GDP (q/q) at 02:50 (GMT+3);
- – China Consumer Price Index (m/m) at 04:30 (GMT+3);
- – China Producer Price Index (m/m) at 04:30 (GMT+3).
- – Australia NAB Business Confidence (m/m) at 04:30 (GMT+3);
- – China Trade Balance (m/m) at 06:00 (GMT+3);
- – German Consumer Price Index (m/m) at 09:00 (GMT+3);
- – UK Average Earnings Index (m/m) at 09:00 (GMT+3);
- – UK Claimant Count Change (m/m) at 09:00 (GMT+3);
- – UK Unemployment Rate (m/m) at 09:00 (GMT+3);
- – Canada BoC Macklem Speech (m/m) at 15:10 (GMT+3).
- – UK GDP (m/m) at 09:00 (GMT+3);
- – UK Industrial Production (m/m) at 09:00 (GMT+3);
- – UK Manufacturing Production (m/m) at 09:00 (GMT+3);
- – UK Trade Balance (m/m) at 09:00 (GMT+3);
- – US Consumer Price Index (m/m) at 15:30 (GMT+3)
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
- – Japan Producer Price Index (m/m) at 02:50 (GMT+3);
- – Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);
- – Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);
- – US Producer Price Index (m/m) at 15:30 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3)
- – Eurozone ECB Press Conference at 15:45 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
- – Eurozone Industrial Production (m/m) at 12:00 (GMT+3);
- – US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3).
by 2024.09.09
, Open Account