The second half of September abounds in decisions of the world's most important banks with the American federal reserve at the forefront. The calendar is full of macro data, also from Poland, and the culmination of the week will be another credit rating of our country, this time issued by Moody's.
Monday, September 15
A day off in Japan, the occasion of the day of respect for the elderly means lack of trade on local stock exchanges. However, this will be at Asia from the morning, because at night China will publish a package of data on retail, industrial production, real estate prices and investments in urban areas.
In Europe, we will know the statistics of the July trade balance of the euro and Norway and producers in Switzerland. We will interest us the most 10:00 and final inflation results in Poland (for August).
In the afternoon, the Americans will show the September reading of the NY Empire State index, measuring the economic situation in the New York industrial district. Canadians will show data on the production of sold and wholesale.
The WSE will flow on a bit early semi -annual reports (after all, we are just finishing the third quarter). On Monday, these will be results, among others Instal in Kraków or Cloud.
Tuesday, September 16
At 8:00 we will learn a set of data from the British labor market. In the schedule until noon we still have wages in Hungary, inflation in Slovakia and Italy, and industrial production of the euro area, planned at 11.00. At the same time, there will be a reading of the external index measuring the mood of German financial analysts.
At 14.00, the NBP will show a base inflation reading.
The second half of the day, however, will be dominated by readings from America. Inflation data will be given by Canada. On the other hand, the United States will break down on retail sales, industrial production, export and import prices. In addition, at 16:00 we will know the report on wrestling of unsold goods and the real estate market index prepared by NaHB – the organization of American developers.
Semi -annual reports will show hot bumech in recent weeks, as well as Ambra, Tarczyński, OT Logistic, Asende, Archicom and Selena FM.
Wednesday, September 17
At night, Japan will show a foreign trade balance for August. The British will present August readings of consumer inflation (CPI) and producer (PPI). In turn, Slovaks will complement the image of the inflationary map of Central Europe in August. In Poland, the Central Statistical Office at 10:00 will publish the results of the September research on the consumer economic situation.
At 11:00 Eurostat will summarize inflationary statistics for European Union countries, publishing August HICP inflation readings.
At 14:30 Americans will present August statistics from housing. 16:30 is a standard time of publication of a weekly fuel supply report.
However, everyone will wait at 20:00, when a message from the Federal Open Market Committee meeting is published. The belief that the FED will make the first reduction in federal funds from November last year is dominated.
The open question remains whether it will be a “routine” cut by 25 pb., Or immediately a reduction of 50 pb. in the context of an increasingly weaker labor market.
Along with the FOMC message, the latest “fedocrop” and new macroeconomic projections of committee members will also appear. In addition, at 20:30 a press conference of the chairman of the Federal Reserve Jerome Powell will start. Its message may prove to be more important than the FOMC decision itself.
On the WSE, the results will show, among others Celon Pharma, Bioton, Lokum, Tauron, Śnieżka,
Thursday, September 18
On this day, August macroeconomic statistics from Poland will start flowing. Data on industrial production, manufacturers prices, the condition of the construction and assembly sector and statistics from the labor market covering only the segment of large non-financial enterprises will go first. Everything as usual at 10:00.
At the same time we will also know the balance of euro zone payment and the decision of the Norway Bank regarding the level of interest rates. At 13:00, the Bank of England will make an analogous decision. The calendar also has the speech of the ECB (Christine Lagarde) president, scheduled for 9.10.
On the American front we will see only weekly statistics of applications for unemployment benefit (14:30), which in September 11 proved to be the highest in nearly four years. We will also know the index of the conference Board ahead, as well as the Fede Store Fed index.
Semi -annual reports will show, among others: Autopartner, Pekaabex, Best, Answear.com, Ryvu, Allegro, Huuuge, Ferro, and Selvita.
Friday, September 19
In the morning of European time, the decision on interest rates will be announced by the Bank of Japan. We will also learn the reading of Japanese inflation.
In Europe, Slovakia will disappear data on unemployment, Great Britain on retail sales, Germans about producers' inflation, and France will give a reading index to business.
It will be another rating Friday. After Fitch on September 5, he reduced the perspective for Poland, on September 19, Moody's agency announced its decision.
Semi -annual reports will show, among others Dębica, Rafamet, Hydrotor, CI Games, Scope Fluidics. In the results of quarterly revision of index wallets, there will be changes regarding, among others mWIG40 and sWIG80.
Michał Kubicki
