As investors and economists continue to track the pulse of the global economy, several key events are scheduled in the upcoming week that could influence financial markets and provide insights into the state of various economies. Here are some of the major economic calendar events to watch for in the week of September 25-29, 2023.
Monday, September 25, 2023:
- TR Business Confidence for September: The Turkish Business Confidence Index is expected to be released, providing an indication of the sentiment among Turkish businesses.
- DE Ifo Business Climate for September: The Ifo Business Climate Index, a leading indicator of economic sentiment in Germany, will be released. A higher reading suggests improving business conditions.
- GB CBI Distributive Trades for September: The Confederation of British Industry (CBI) will publish its Distributive Trades survey, which measures retail sales and reflects consumer sentiment in the UK.
- US Chicago Fed National Activity Index for August: This index, published by the Federal Reserve Bank of Chicago, provides a comprehensive gauge of economic activity. A positive reading indicates economic expansion.
Tuesday, September 26, 2023:
- US CB Consumer Confidence for September: The Conference Board’s Consumer Confidence Index will be released, measuring consumer sentiment and expectations for the US economy. A higher reading suggests increased consumer spending.
- US New Home Sales for August: The US Census Bureau will release data on new home sales, providing insights into the health of the housing market.
- JP BoJ Monetary Policy Meeting Minutes: The Bank of Japan’s minutes from its recent monetary policy meeting will be published, shedding light on the central bank’s decision-making process.
Wednesday, September 27, 2023:
- AU Monthly CPI Indicator for August: Australia’s Consumer Price Index (CPI) will be released, offering an overview of inflationary pressures in the country.
- DE GfK Consumer Confidence for October: This survey measures German consumers’ expectations for the economy and their personal financial situation in the coming months.
- DE 10-Year Bund Auction: The German government will auction off its 10-year bonds, with investors closely watching the demand, as well as the interest rate at which the bonds are sold.
- US Durable Goods Orders for August: This report provides insights into the demand for long-lasting goods, such as appliances and machinery, in the US economy.
Thursday, September 28, 2023:
- ES Inflation Rate Preliminary for September: Spain’s preliminary inflation rate for September will be released, showing the change in consumer prices. A higher figure may raise concerns about inflationary pressures.
- EA Economic Sentiment for September: The European Commission will release its economic sentiment indicator, which measures consumer and business sentiment across the Eurozone.
- IT Business Confidence for September: Italy’s Business Confidence Index will be published, indicating the sentiment among Italian businesses.
- US GDP Growth Rate Final for Q2: The final reading of the US GDP growth rate for the second quarter will be released, providing an overview of the country’s economic growth.
- CA GDP for July: Canada’s Gross Domestic Product (GDP) data for July will be released, offering an indication of economic activity in the country.
Friday, September 29, 2023:
- JP Retail Sales YoY for August: Japan’s retail sales figures will be published, providing insights into consumer spending in the country.
- GB Nationwide Housing Prices for September: The Nationwide House Price Index will be released, reflecting changes in UK house prices. A higher reading indicates a strengthening property market.
These economic calendar events provide an overview of key data releases and speeches that are likely to influence market sentiment and shape the economic narrative in the week ahead. Investors and economists will closely monitor these events for clues on the state of various economies and potential market movements.