The week ahead: 19/09/22
This week’s economic news will be dominated by interest rates, with monetary policy decisions due in Japan, the UK and the US. Also look out for Japanese CPI and German PPI, plus earnings from AutoZone, Kingfisher, Cineworld, Costco, Accenture, FedEx, PZ Cussons, CalAmp and CVS Group.
Monday 19 September
UK markets are closed on Monday for the special bank holiday to mark the funeral of Queen Elizabeth II. It is also a public holiday in Japan. US car parts retailer AutoZone will report fourth-quarter earnings before the US market opens.
Tuesday 20 September
Early on Tuesday the Japanese CPI for August is released, while later in the morning we’ll see the latest German PPI data. In the US we’ll get an update on house construction with the August building permits and housing starts. UK retail group Kingfisher makes its half-year report to the market: the B&Q owner is one of several retailers exposed to the impact of the cost-of-living crisis on UK consumers.
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Wednesday 21 September
At 7pm (UK time) on Wednesday we’ll find out the US Fed’s latest monetary policy decision. Expectations are growing that the FOMC will hike US interest rates by a full percentage point. Also look out for the CBI’s industrial trends orders report for the UK and the US existing home sales for August, plus the US weekly crude oil inventories.
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Thursday 22 September
We’ll have two more interest rate decisions to digest on Thursday, from the Bank of Japan and the Bank of England (postponed from 15 September). Other highlights include the US current account for Q2 and the weekly US initial jobless claims. Cinema group Cineworld reports to the market, after last week filing for Chapter 11 bankruptcy protection in the US. Figures are also due from US warehouse retailer Costco, professional services company Accenture, delivery firm FedEx, UK consumer goods manufacturer PZ Cussons, ‘internet of things’ provider CalAmp and UK veterinary services provider CVS Group.
Go long or short of UK, US and German equities.
Friday 23 September
Friday is another public holiday in Japan, and data is generally thin on the ground. A low-key end to the week includes the Australian, French, German, eurozone, UK and US flash manufacturing and services PMI updates for September. In August UK manufacturing production saw its steepest contraction since May 2020.
Published: 19 September 2022
You should under no circumstances consider the information and comments provided as an offer or solicitation to invest. This is a macro summary of scheduled news announcements and is not investment advice, independent research or an investment recommendation. The information provided is believed to be accurate at the date the information is produced.