THE WEEK AHEAD

The Economic Data calendar for the week of the 21th through the 25th is relatively light. Attached below is a snapshot of some (though far from all) of the headline numbers that we will be focused on.  

 

 

Monday Sept. 21

 

North America

Leading Indicators for August will be released at 10 AM.

 

Europe

In the UK, Rightmove house prices for September will be released on Sunday evening while on Monday the DMO will be placing its new 2050 Index-linker issue (UK TIP equivalent).

 

Asia

Markets will be closed in Japan on Monday for a holiday.

 

 

Tuesday Sept. 22

 

North America

A FOMC 2 day meeting will commence on Tuesday and the Treasury will be auctioning 2 year notes at 1 PM. Weekly ICSC, Redbook and ABC Consumer Comfort index data will also be released at normal scheduled times. In Canada, Retail Sales figures for July will be released at 8:30 AM.

 

Europe

August trade balance data will be released in Switzerland on Tuesday morning.

 

Asia

August unemployment will be announced in Taiwan on Tuesday morning as will HK CPI for August.

 

 

Wednesday Sept. 23

 

North America

Weekly MBA Mortgage application data will be released on Wednesday morning along with EIA oil gas and distillate stock levels. At 1 PM the Treasury will auction 5 year Notes while the FOMC Policy Announcement is scheduled for 2:15 PM.

 

Europe

Reuters PMI for the Eurozone in aggregate, Germany and France (Composite, Services and Manufacturing) for September will be released on Wednesday morning as will Eurozone Industrial orders. French Consumer Spending figures for July, as well as Business Confidence and production Outlook sentiment index levels for September will also be published.  At 5:15 am Germany will issue a 5 year Bobl (note that last week’s auction saw orders exceed supply by a major margin). In the UK, BBA Mortgage and Consumer Credit data for August will be issued while the BOE minutes from the September 10th meeting will be published at 4:30 AM.

 

Asia

Taiwanese Export orders and Industrial Production figures for August will be issued on Wednesday morning, as will Singapore CPI.  Despite financial markets being closed for Autumn Equinox Japanese trade data for August will be released on Wednesday evening. 

 

 

Thursday Sept. 24

 

North America

August Existing Homes Sales will  be released at 10AM, while at 1 PM the Treasruy will auction 7 year Notes. Weekly Initial Claims, M2 and EIA Natural gas stocks data will be released at the normally scheduled times.

 

Europe

German IFO Business Sentiment measures for September are slated for release on Thursday while September Consumer Confidence figures will be issued in France. In Italy, July Trade data will be issued.

 

Asia

August Trade data will be announced in Hong Kong on Thursday morning. In Japan July All-Industry Index levels will be announced in the morning while in the evening August Corporate Service Prices will be issued. Indian weekly Wholesale Inflation levels are also scheduled for release.

 

 

Friday Sept. 25

 

North America

Durable Orders and Shipments for August will be released at 8:30 AM on Friday while the Michigan Sentiment Final for September will be issued at 9:55. At 10 AM New Home sales Figures for August will be announced.

 

Europe

Eurozone M3, French Q2 GDP (Final) and Italian Retail Sales for Italy are all on the calendar for Friday morning as is UK Q2 Business Investment data.

 

Asia

On Friday morning August Manufacturing data will be issued in Singapore as will Taiwanese August M2.


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