Red Economy News:
Week Ahead – September 23rd, 2024
As we approach the week of September 23rd, 2024, the global economic landscape is poised for significant developments that could impact markets and investor sentiment. This article highlights key economic events and indicators to watch, particularly focusing on inflation data, central bank decisions, and market reactions.
Key Economic Indicators in the United States
In the United States, the week will be pivotal with several critical economic reports:
– Core PCE Inflation:
The core Personal Consumption Expenditures (PCE) price index is expected to provide insights into inflation trends. Following a 0.3% monthly increase last month, this reading will be closely monitored as it remains the Federal Reserve’s preferred inflation gauge.
– Personal Income and Spending:
Anticipated increases in personal income and spending will shed light on consumer behavior amid ongoing economic adjustments.
– S&P Global Flash PMI:
The release of flash PMI data will be crucial for assessing the manufacturing and services sectors, providing early insights into economic activity for September.
– Federal Reserve Speeches:
Several Federal Reserve officials, including Chair Jerome Powell, are scheduled to speak, offering potential clues about future monetary policy directions.
European Economic Developments
Across the Atlantic, Europe will also see significant data releases:
– Flash PMI Estimates:
The Eurozone and major economies like Germany and France will release flash PMI estimates. These figures are expected to indicate ongoing contraction in manufacturing while services may show slower growth.
– Inflation Reports:
Preliminary inflation figures from France and Spain will be released, providing context for price pressures within the region.
– Central Bank Decisions:
Interest rate decisions are anticipated from several central banks, including Sweden’s Riksbank and Switzerland’s SNB. The Swiss National Bank is expected to lower rates for a third consecutive meeting.
Asia-Pacific Economic Highlights
In the Asia-Pacific region, several key events are on the radar:
– Australia’s RBA Meeting:
The Reserve Bank of Australia (RBA) is set to announce its interest rate decision. Analysts expect borrowing costs to remain unchanged amid mixed economic signals.
– Japan’s Flash PMIs:
Following a market holiday, Japan will release its flash PMIs for September, which will provide insights into economic conditions post-holiday.
– China’s Economic Data:
In China, industrial profits data for August will be released, offering a glimpse into the health of its manufacturing sector.
Market Sentiment and Geopolitical Factors
The backdrop of these economic indicators includes ongoing geopolitical tensions that could influence market sentiment. Recent disruptions in global supply chains due to geopolitical events have raised concerns about inflationary pressures. As central banks navigate these challenges, their responses will be crucial in shaping market expectations.
Monday, September 23 2024
|
7:15 am
|
EUR |
French Flash Manufacturing PMI
|
Actual:? | Forecast: 44.3 | Previous: 43.9 | ||||
| EUR |
French Flash Services PMI
|
Actual:? | Forecast: 53.0 | Previous: 55.0 | |||||
|
7:30 am
|
EUR |
German Flash Manufacturing PMI
|
Actual:? | Forecast: 42.4 | Previous: 42.4 | ||||
| EUR |
German Flash Services PMI
|
Actual:? | Forecast: 51.1 | Previous: 51.2 | |||||
|
8:30 am
|
GBP |
Flash Manufacturing PMI
|
Actual:? | Forecast: 52.3 | Previous: 52.5 | ||||
| GBP |
Flash Services PMI
|
Actual:? | Forecast: 53.5 | Previous: 53.7 | |||||
|
1:45 pm
|
USD |
Flash Manufacturing PMI
|
Actual:? | Forecast: 48.6 | Previous: 47.9 | ||||
| USD |
Flash Services PMI
|
Actual:? | Forecast: 55.3 | Previous: 55.7 |
Tuesday, September 24 2024
| Tue Sep 24 |
4:30 am
|
AUD |
Cash Rate
|
Actual:? | Forecast: 4.35% | Previous:4.35% | ||||
| AUD |
RBA Rate Statement
|
|||||||||
|
5:05 am
|
JPY |
BOJ Gov Ueda Speaks
|
||||||||
|
2:00 pm
|
USD |
CB Consumer Confidence
|
Actual:? | Forecast: 103.5 | Previous: 103.3 | |||||
|
5:10 pm
|
CAD |
BOC Gov Macklem Speaks
|
Wednesday, September 25, 2024
| Wed Sep 25 |
1:30 am
|
AUD |
CPI y/y
|
Actual:? | Forecast: 2.8% | 3.5% |
Tuesday, September 24 2024
| Thu Sep 26 |
7:30 am
|
CHF |
SNB Monetary Policy Assessment
|
|||||||
| CHF |
SNB Policy Rate
|
Actual:? | Forecast: 1.00% | Previous: 1.25% | ||||||
|
8:00 am
|
CHF |
SNB Press Conference
|
||||||||
|
12:30 pm
|
USD |
Final GDP q/q
|
Actual:? | Forecast: 2.9% | Previous: 3.0% | |||||
| USD |
Unemployment Claims
|
Actual:? | Forecast: 224K | Previous: 219K | ||||||
|
1:20 pm
|
USD |
Fed Chair Powell Speaks
|
Friday, September 27, 2024
| Fri Sep 27 |
12:30 pm
|
CAD |
GDP m/m
|
Actual:? | Forecast: 0.1% | Previous: 0.0% | ||||
| USD |
Core PCE Price Index m/m
|
Actual:? | Forecast: 0.2% | Previous: 0.2% |
other data:
Conclusion
The week ahead promises to be eventful with critical economic indicators and central bank actions that could significantly influence financial markets. Traders and investors should prepare for potential volatility as they monitor PCE inflation in the U.S., flash PMIs across Europe and Asia, and key interest rate decisions globally. Staying informed about these developments will be essential for making strategic trading decisions in a dynamic market environment.
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