In the coming week, as financial markets navigate a dynamic economic landscape, investors and analysts will keep a keen eye on a slew of important economic data releases. From Asia to Europe and the United States, here’s a breakdown of the significant events and data releases to watch out for:
Asia
Monday:
- Singapore will kick off the week with the release of its export sales data for August, excluding oil.
Tuesday:
- The Reserve Bank of Australia is set to publish the minutes of its latest meeting, providing insights into the country’s monetary policy outlook.
Wednesday:
- South Korea will unveil its Producer Price Index (PPI) for August.
- Japan is expected to disclose key data on imports, exports, and trade balance for the same month.
- The People’s Bank of China will announce the prime lending rate (LPR), a crucial indicator of the country’s monetary policy stance.
Friday:
- Japan will conclude the week with the revelation of its August inflation rate.
- The Bank of Japan is scheduled to hold a pivotal monetary policy meeting and make its interest rate decision known.
Europe
Tuesday:
- The European Union (EU) is set to release its August inflation rate, shedding light on the region’s inflationary pressures.
Wednesday:
- Germany will report its Producer Price Index (PPI) for August, offering insights into the country’s inflationary trends.
- Britain is expected to unveil its August inflation rate, a critical economic indicator for the United Kingdom.
Thursday:
- The Bank of England (BOE) will make a significant announcement regarding its interest rate decision, affecting the UK’s monetary policy direction.
Friday:
- England will report its August retail sales data, providing insights into consumer spending patterns.
- The S&P Services/Primary Manufacturing Purchasing Managers’ Index (PMI) for September will be released, offering a snapshot of economic activity in the region.
- France, Germany, and the EU are set to report their September Services/Primary Manufacturing PMI figures, contributing to a broader view of European economic performance.
United States
Monday:
- The United States will report the September housing market index from the National Association of Home Builders (NAHB).
Tuesday:
- Key data on home construction starts in August will be released, shedding light on the state of the US housing market.
Wednesday:
- The US Energy Information Administration (EIA) will publish its weekly oil stocks report, impacting energy markets.
- The US Federal Reserve (Fed) is scheduled to hold a crucial monetary policy meeting and announce its interest rate decision, affecting global financial markets.
Thursday:
- The United States will report the number of weekly jobless claims, providing insights into the labor market.
- The second quarter 2023 current account balance data will be released, offering a view of the nation’s trade dynamics.
- The September manufacturing index from the Philadelphia Fed will provide valuable insights into regional manufacturing activity.
- Data on August second-hand home sales and the Guidance on the August economy from the Conference Board will be unveiled.
Friday:
- The United States will release the S&P Global Services/Primary Manufacturing Purchasing Managers Index (PMI) for September, offering a comprehensive view of the country’s economic health.
These key economic data releases will play a significant role in shaping investor sentiment and market trends in the week ahead. Market participants will closely analyze these numbers for insights into the economic recovery and potential shifts in monetary policy across the globe.