Monday

9am – German IFO index (September): index expected to fall to 84.3. Markets to watch: EUR crosses

1.30pm – Chicago Fed nat’l activity index (August): expected to rise to 0.15. Markets to watch: USD crosses

Tuesday

3pm – US new home sales (August), consumer confidence (September): sales to fall 1.7% MoM and confidence forecast to weaken, falling to 106.9. Markets to watch: USD crosses

Wednesday

7am – German GfK consumer confidence (October): index to rise to -24.8. Markets to watch: EUR crosses

1.30pm – US durable goods orders (August): orders to fall 2.9% MoM. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 22 Sept): stockpiles fell by 2.1 million barrels in the previous week. Markets to watch: Brent, WTI

Thursday

1pm – German CPI (September, preliminary): prices to rise 5.9% YoY and 0.6% MoM, from 6.1% and 0.3% in August. Markets to watch: eurozone indices, EUR crosses

1.30pm – US initial jobless claims (w/e 23 September), GDP (Q2, final): claims forecast to rise to 205K from 201K, and GDP to be revised to 2.2% QoQ. Markets to watch: US indices, USD crosses

3pm – US pending home sales (August): sales expected to rise 0.2%. Markets to watch: USD crosses

Friday

2.45am – China Caixin services & manufacturing PMI (September): manufacturing PMI expected to drop back into contraction territory, falling to 49, while services rises to 52.6. Markets to watch: China indices, CNH crosses

 

7.45 am – French CPI (September, preliminary): prices forecast to rise 4.8% YoY and fall 0.7% MoM, compared o 4.9% and a 1% rise in August. Markets to watch: eurozone indices, EUR crosses

8.55am – German unemployment data (September): unemployment rate to hold at 5.7%. Markets to watch: EUR crosses

10am – eurozone inflation (September, flash): prices expected to rise 5.5% YoY and 0.5% MoM, compared to 5.2% and 0.5% in August. Core CPI forecast to rise 4.5% YoY, a slowdown from August’s 5.3%. Markets to watch: eurozone indices, EUR crosses

1.30pm – US PCE price index (August): the Fed’s preferred measure of inflation, PCE index forecast to rise 3.5% YoY and 0.4% MoM, compared to 3.3% and 0.2% in July. Core PCE expected to be 0.2%, in line with July. Markets to watch: US indices, USD crosses

2.45pm – US Chicago PMI (September): index forecast to rise to 49. Markets to watch: USD crosses

Company announcements

	Monday 25 September	Tuesday 26 September	Wednesday 27 September	Thursday 28 September	Friday 29 September
Full-year earnings		Ferguson, PZ Cussons, Close Brothers
Half/ Quarterly earnings		AG Barr, Costco	Saga, Old Mutual, Pendragon, H&M, Micron Tech	Avacta, Nike	Carnival
Trading update*		United Utilities, ASOS