As global economies continue to navigate the complexities of the post-pandemic era, this week’s economic calendar will be packed with key events and data releases from Asia, Europe, and the United States. Here’s a breakdown of what to expect in the world of finance and economics this week:
Asia
Monday: China will kick off the week by revealing the total amount of Yuan-denominated loans disbursed in August, providing insights into the country’s credit activity.
Tuesday: Australia will take center stage with two significant releases – the September Consumer Sentiment Index from Westpac and the August Business Sentiment Index from National Australia Bank (NAB). These indicators will shed light on consumer and business confidence in the Australian economy.
Wednesday: South Korea will follow suit with the release of its August unemployment rate, offering a glimpse into the country’s labor market dynamics.
Thursday: Japan will enter the fray by reporting machinery orders for July, providing valuable data on the country’s industrial activity. Meanwhile, Australia will unveil its unemployment rate for August, offering insights into the employment landscape down under.
Friday: Singapore will take the spotlight as it reports export sales excluding oil for August, shedding light on the country’s trade performance. In a major data deluge, China will release a slew of economic indicators for August, including the house price index, industrial production, retail sales, unemployment rate, and fixed asset investment. Additionally, Indonesia and India will reveal their import and export figures along with trade balances for August.
Europe
Tuesday: England will release its unemployment rate for July, giving us an understanding of the labor market situation in the United Kingdom. The European Union (EU) and Germany will jointly report the September Eurozone Economic Sentiment Index from the ZEW Institute, offering a gauge of economic sentiment in the Eurozone.
Wednesday: The EU will release data on industrial production for July, providing insights into the manufacturing sector’s performance in the Eurozone.
Thursday: All eyes will turn to the European Central Bank (ECB) as it announces its interest rate decision, with implications for monetary policy in the Eurozone.
Friday: France will close out the week by revealing its August inflation rate, a key indicator of price movements in the French economy.
United States
Monday: The United States will kick off the week by reporting consumer inflation expectations for August, offering insights into how consumers perceive inflationary pressures.
Tuesday: The focus will shift to small businesses as the United States reports the August Small Business Sentiment Index from the National Federation of Independent Business (NFIB).
Wednesday: A data-packed day for the United States will include the release of the Consumer Price Index (CPI) for August, a crucial inflation measure. Additionally, the US Energy Information Administration (EIA) will unveil weekly oil stock data, providing a snapshot of the energy sector.
Thursday: The United States will continue its data releases with the weekly jobless claims figures, August retail sales data, the August Producer Price Index (PPI), and July business inventories, all offering insights into various aspects of the US economy.
Friday: The week will conclude with a series of significant releases, including the Empire State Manufacturing Index for September from the New York Fed, import and export prices for August, industrial production data for August, and the belief index for September preliminary consumer confidence from the University of Michigan. These indicators will collectively provide a comprehensive view of the current state of the US economy.
Investors, policymakers, and analysts around the world will closely monitor these economic events to gain valuable insights into the global economic landscape and potential future developments.