Let’s take a look at the FXTS Weekly Market Preview for the upcoming week 9th – 13th September 2024. Discover the key events of the week ahead, including economic data releases and the quarterly reports of publicly listed companies.
Economic Highlights
This week, the European Central Bank (ECB) takes centre stage as markets eagerly await the latest decision on interest rates. While expectations lean towards another rate cut due to easing inflation pressures, the ECB’s guidance on future monetary policy remains uncertain, particularly in light of persistent recession risks.
In the US, August’s Consumer Price Index (CPI) data will be closely scrutinised ahead of the upcoming Federal Reserve (Fed) meeting on September 17-18. Speculation on potential Fed rate cuts will hinge on this release, as early PMI data has suggested that inflationary pressures may be easing.
For Europe, aside from the ECB’s highly anticipated decision, final inflation figures for Germany and France will be released, while the Eurozone’s industrial production data will provide key indications about the region’s economic activity. In the UK, July’s GDP report and labour market data will be pivotal, particularly after recent positive growth in PMI data for both July and August.
In the Asia-Pacific region, China’s inflation, retail sales, and production data will be the primary focus, along with Japan’s Q2 GDP figures and India’s industrial output. Market participants will look to these updates to gauge the region’s broader economic trajectory, particularly in light of global inflationary trends and growth forecasts.
Key Events
Monday 9th September
Earnings
- Oracle Corporation (ORCL) – Q1 2025
Releases
- Japan (GDP) – Q2 2024, Final
- China (CPI, PPI) – August
- Mexico (Inflation) – August
Tuesday 10th September
Earnings
- GameStop Corporation (GME) – Q2 2024
Releases
- Germany (Inflation) – August, Final
- UK (Labour Market Report) – July
- Spain (Industrial Production) – July
- Italy (Industrial Production) – July
- Brazil (Inflation) – August
Wednesday 11th September
Earnings
- Manchester United Ltd. (MANU) – Q4 2024
Releases
- China (M2, New Yuan Loans, Loan Growth) – August
- UK (Monthly GDP, Manufacturing, Services, Construction Output) – July
- US (CPI) – August
Thursday 12th September
Earnings
- Adobe Inc. (ADBE) – Q3 2024
Releases
- Spain (Inflation) – August, Final
- Brazil (Retail Sales) – July
- India (Industrial Production) – July
- Eurozone (ECB Interest Rate Decision)
- US (PPI) – August
- US (Monthly Budget Statement) – August
Friday 13th September
Earnings
- No noteworthy releases
Releases
- Japan (Industrial Production) – July, Final
- France (Inflation) – August, Final
- Eurozone (Industrial Production) – July
For a more detailed look at this week’s market events, head over to our Economic Calendar.
