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The Week Ahead On The Markets


MongiIG

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The Week Ahead

Read about upcoming market-moving events and plan your trading week

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Week commencing 11 September

Chris Beauchamp's insight

US consumer price index (CPI) and the European Central Bank (ECB) rate decision are the key events this week, as markets look to recover from a poor start to September. A resurgence in price growth in the US could spark more worries about fresh Federal Reserve (Fed) rate hikes, while a hawkish ECB would spur concerns that the eurozone economy is tipping towards a recession. In a quiet week for earnings, housebuilder Redrow and retailer THG will be of interest in the UK.

 

 

Economic reports

  • Weekly view

Monday

None


Tuesday

1.30am – Australia Westpac consumer confidence (September): index to fall to 80.8 from 81. Markets to watch: AUD crosses

7am – UK employment data: July unemployment rate expected to hold at 4.2% and wages to rise 8%. Markets to watch: FTSE 100/250, GBP crosses

10am – German ZEW index (September): index to rise to -12. Markets to watch: EUR crosses


Wednesday

7am – UK gross domestic product (GDP) (July): growth to be -0.3% month-over-month (MoM) and 0.2% for the three months to July. Markets to watch: GBP crosses

1.30pm – US CPI (August): CPI to rise 0.3% MoM from 0.2%, and 3.4% year-over-year (YoY) from 3.2%. Core CPI to rise 0.2%, in line with last month, and 4.5% YoY, down from 4.7%. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 8 September): stockpiles fell by 6.3 million barrels in the preceding week. Markets to watch: Brent, WTI


Thursday

2.30am – Australia employment data: unemployment rate to fall to 3.6%. Markets to watch: AUD crosses

1.15pm – ECB rate decision: rates expected to be held at 4.25%. Markets to watch: eurozone indices, EUR crosses

1.30pm – US PPI (August), retail sales (August), initial jobless claims (w/e 9 September): PPI to rise to 0.4% from 0.3% MoM, and retail sales to rise 0.2% from 0.7%. Markets to watch: US indices, USD crosses


Friday

3am – China industrial production, retail sales (August): industrial production to rise 3.5% YoY, and retail sales to rise 2.2%. Markets to watch: China indices, CNH crosses

3pm – US Michigan consumer sentiment (September): expected to be 69.5, in line with last month. Markets to watch: USD crosses

 

 

Company announcements

 

 

 

 

Monday
11 September

Tuesday

12 September

Wednesday

13 September

Thursday

14 September

Friday

15 September

Full-year earnings

    Redrow Kier  

Half/ Quarterly earnings

Oracle Fevertree,
Wickes
Tullow Oil THG,
Adobe

Trading update*

     

 

 
 

Dividends

FTSE 100: Unite, Intertek, Melrose Industries

FTSE 250: Apax Global Alpha, LXI, Bakkavor, Int’l Public Partnerships, Energean

Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.

 

 

1 Comment


Recommended Comments

Well predicted, US CPI inflation rose 3.7% in August, exceeding forecasts. Core CPI is steady at 4.3%. Despite the inflation jump, #Bitcoin price holds above $26K, showing resilience. With BTC holding key support, bullish sentiment is intact as the market anticipates the Fed rate decision next week.

In my opinion, this is the best time to explore the current hybrid trend exemplified by platforms like Bitget Swap and Binance that merge the DEX security with CEX ease and liquidity aiming at enhancing the trading experience.

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