By David Papier

We kick off the week with some European data coming in at 10:00 (BST) Monday with the Italian trade balance and the Final CPI figures from the Eurozone. We also have data from across the Atlantic with the Empire State Manufacturing Index coming from the US at 13:30 (BST) and the Foreign Securities Purchases release over in Canada.

In the early hours of Tuesday morning, we have the monetary policy meeting minutes from Australia coming off the back of the decision to hold rates at 1.5% a few weeks ago. This may be an interesting read if you’re trading AUD, given its recent multi-year lows a consequence of the US-China trade war. There is also an OPEC-JMMC meeting throughout Tuesday attended by the 13 OPEC members and the 11 other oil-rich nations. It’s common for officials to speak to reporters throughout the day alongside the customary closing statement, so keep checking for news of any important changes or decisions.

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After observing a Bank Holiday on Monday, Japan kick starts Wednesday with the BOJ policy rate being decided in the early hours, announcing their statement on monetary policy in the following press conference. Interest rates are expected to stay the same at -0.10% with their central bank chief confirming that interest rates would not rise ‘for quite a long time’. Later in the day, we have a wrath of data coming out of the UK with Annual CPI figures, including Monthly PPI and Yearly RPI, released at 09:30 (BST). We round off Wednesday with the usual weekly Crude Oil Inventories which hardly ever comes out in line with expectation causing market movements.

The final major interest rate decision takes place on Thursday morning with Libor rate for the Swiss Franc (CHF) being released at 8:30 (BST). The Swiss National Bank (SNB) is due to deliver their monetary policy assessment in a press conference shortly after. Additional UK data is also due on Thursday with retail sales being posted. The release will further indicate if the sustained good weather has encouraged spenders to keep their wallets open, following recent positive data linked to the good weather and a successful world cup performance. We also have a second day of OPEC-JMMC meetings following the first day of talks on Tuesday.

On Friday we have a barrage of European data starting in France, with the release of their Flash Manufacturing and service figures at 8:00 (BST). Germany follows suit at 8:30 (BST), with the whole Euro Zone release due at 9:00 (BST). The UK release their Public Sector Net Borrowing figures at 9:30 (BST) with Canada closing out the week with a full data set at 1:30 (BST),  including Monthly CPI figures and Monthly Core Retail Sales figures amongst others.

Of course, Brexit negotiations and the future of Theresa May, alongside the US-China trade war, remain top of the political agenda, so make sure you stay informed of any new developments.  

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Economic Calendar

(All times are in BST)



Monday, 17th September

10:00 EU CPI - Final - MoM
10:00 EU CPI - Final - MoM

Tuesday, 18th September

No high Impact data

Wednesday, 19th September

00:50 JPN Trade Balance – Exports – YoY
00:50 JPN Trade Balance – Imports - YoY
00:50 JPN Trade Balance
09:30 UK CPI –YoY
13:30 US Housing Starts – Housing Starts Number – MoM
15:30 EIA Crude Oil Stocks (Net Change)
23:45 AUD GDP –Expenditure – QoQ
23:45 AUD GDP –Production – QoQ

Thursday, 20th September

08:30 CHF LIBOR Rate
09:30 UK Retail Sales - MoM
09:30 UK Retail Sales – YoY
13:30 US Unemployment Claims – WoW
15:00 EU Consumer Confidence- Flash
15:00 US Existing Home Sales – Total Sales

Friday, 21st September

00:30 JPN CPI – National - YoY
00:30 JPN CPI – National Core - YoY
01:30 JPN PMI – Flash Estimate – Manufacturing
08:15 FR PMI – Flash Estimate – Manufacturing
08:30 DE PMI – Flash Estimate – Manufacturing
09:00 EU PMI – Flash Estimate – Manufacturing
09:00 EU PMI – Flash Estimate – Services
09:00 EU PMI – Flash Estimate – Composite
13:30 CAD CPI –MoM
13:30 CAD CPI –YoY
13:30 CAD Retail Sales - MoM



Corporate Calendar


Monday, 17th September

Dairy Crest Group –Trading Statement
Fed Ex Corp Earnings Announcement

Tuesday, 18th September

No high Impact data

Wednesday, 19th September

Kingfisher PLC – Interim Results
Babcock International Group Plc – Trading Statement

Thursday, 20th September

IG Group Holdings Plc – Trading Statement
Kier Group Plc -Final Results
French Connection Group Plc – Interim Results

Ex-Dividend

AIREA PLC [AIEA] (1.75 p)
Henry Boot PLC [BOOT] (3.2 p)
Crest Nicholson Holdings Plc [CRST] (11.2 p)
Dunedin Smaller Companies Investment Trust Plc [DNDL] (5.5 p)
Drax Group PLC [DRX] (5.6 p)
Dart Group PLC [DTG] (6 p)
Dignity PLC [DTY] (8.64 p)
Forterra Plc [FORT] (3.3 p)
Gamma Communications Plc [GAMA] (3.1 p)
Henderson High Income Trust Plc [HHI] (2.43 p)
Hargreaves Services PLC [HSP] (4.5 p)
Hunters Property Plc [HUNT] (0.8 p)
Irish Continental Group PLC [ICGC] (0.0421 EUR)
International Public Partnership Ltd [INPP] (3.5 p)
Kainos Group Plc [KNOS] (4.6 p)
Macfarlane Group PLC [MACF] (0.65 p)
Mattioli Woods PLC [MTW] (11.5 p)
Non-standard Finance Plc [NSF] (0.6 p)
Pendragon PLC [PDG] (0.8 p)
Petrofac Ltd [PFC] (0.127 USD)
PPHE Hotel Group [PPH] (16 p)
Playtech Ltd [PTEC] (0.121 EUR)
Redrow PLC [RDW] (19 p)
Rank Group (The) PLC [RNK] (5.3 p)
Renishaw PLC [RSW] (46 p)
Chelverton Small Companies Dividend Trust Plc [SDV] (2.19 p)
Standard Life Private Equity Trust Plc [SLPE] (3.1 p)
STV Group PLC [STVG] (6 p)
Taptica International Ltd [TAP] (0.0398 USD)
Unite Group PLC [UTG] (3 p)Unite Group PLC [UTG] (6.5 p)
Vitec Group (The) PLC [VTC] (11.5 p)

Friday, 21st September

Smith Group Plc – Final Results


Sources: Bloomberg/Companies

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