The week ahead: 13/09/21
After Monday’s OPEC report on the oil market, the focus will shift later in the week to consumer spending, with retail sales figures due to be published in the US and the UK. Notable earnings come from enterprise software provider Oracle, UK retailers Ocado and JD Sports, and photovoltaics firm JinkoSolar.
Monday 13 September
At midday (UK time) on Monday, OPEC publishes its monthly oil market report, giving an update on supply and demand in the global crude oil market. This will be followed later in the afternoon by the US federal budget balance. A light earnings schedule includes US multinational software company Oracle.
Tuesday 14 September
Look out for quarterly earnings from online supermarket Ocado, which should shed light on whether Covid-enforced changes in UK shopping habits will be maintained. We also expect half-year results from sportswear retailer JD Sports. In the morning we’ve got Japanese industrial production figures and UK employment data, followed in the afternoon by the latest US CPI.
Wednesday 15 September
Wednesday’s a busy day for macroeconomic data, with Chinese, eurozone and US industrial production, UK and French CPI, eurozone wages, the US import and export price indices and the Empire State manufacturing index on business conditions in New York. Companies reporting to the market include solar panel manufacturer JinkoSolar (recently assessing the impact of US import restrictions), hospitality chain The Restaurant Group and oil and gas firm Tullow Oil.
Thursday 16 September
Early on Thursday the Japanese trade balance is released, shortly followed by Australian employment data. Also keep an eye out for the eurozone trade balance and the Philadelphia Fed manufacturing index, while US retail sales data for August will keep consumer spending in focus, after July sales fell 1.1% compared to June. Earnings include UK construction group Kier and industrial equipment rental firm Ashtead.
Friday 17 September
One highlight on Friday is the UK retail sales data for August. Similar to the US, in July sales unexpectedly fell 2.5% month-on-month, halting the UK retail recovery. We’ll also see the latest eurozone CPI data and, rounding off the week in the US, the University of Michigan consumer sentiment index.
Published: 13 September 2021
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