Markets: What to look out for this week? – Deutsche Bank

Analysts at Deutsche Bank suggest that it's a busy start to the week today as in Europe we'll get the August Bank of France industry sentiment print while in the UK data due out includes the July trade balance, July industrial and manufacturing production, and the July GDP reading.

Key Quotes

“The September Sentix investor confidence print for the Euro area is also due in the morning while it's also worth keeping an eye on Turkey's Q2 GDP print. In the US, the only data release is July consumer credit. Away from that the Fed's Bostic will be speaking on the economic outlook. EU Chief Brexit Negotiator Michel Barnier is also due to speak at the Bled Strategic Forum while EU and US Trade Chiefs Cecilia Malmstrom and Robert Lighthizer are scheduled to meet. Russia President Putin is also due to meet Japan PM Abe.”

“Tuesday: The focus in Europe will be the August employment report in the UK and ZEW survey for September in Germany. In the US we'll get the August NFIB small business optimism reading, final July wholesale trade sales and inventories data and July JOLTS job openings. Away from that the ECB's Nouy is scheduled to speak while European Parliament will debate on applying sanctions against Hungary. Russia and China President's Putin and Xi Jinping are also scheduled to meet in Vladivostok while Argentina's rate decision is due.”

“Wednesday: It's a fairly quiet day for data on Wednesday. With nothing of note in Asia, in Europe we'll get the final August CPI revisions in Spain and July industrial production for the Euro area. In the US the August PPI report is the only data of note. Later on the Fed's Bullard and Brainard are scheduled to speak at separate events while the Fed will release the Beige Book. European Commission President Jean-Claude Juncker will also delver the State of the Union address.”

“Thursday: Things pick up again on Thursday with the big central bank highlights being the BoE, ECB and CBT monetary policy meetings. The main data highlight will be the August CPI report in the US. Other notable data includes the final August CPI revisions for Germany and France and the latest weekly initial jobless claims and August monthly budget statement in the US. The Fed's Bostic is also scheduled to speak on the economy and monetary policy in the evening while the Fed's Quarles testifies to the Senate Banking Committee. The IMF will also be hosting a conference on sovereign debt with Managing Director Christine Lagarde delivering opening remarks. Also of potential interest could be South African Finance Minister Nhlanhla Nene and Moody’s Vice President Lucie Villa's speech at the Moody’s sub-Saharan Africa summit.”

“Friday: It's a busy end to a busy week on Friday. Overnight we get August retail sales, industrial production and fixed assets investment data in China. In Europe the highlights include the final August CPI revisions for Italy, and July trade balance and Q2 labour costs for the Euro area. In the US the week ends with the August retail sales report, August import and export price index, August industrial production, manufacturing production and capacity utilization, July business inventories and finally the preliminary September University of Michigan survey. Elsewhere the BoE's Carney and Fed's Rosengren and Evans are slated to speak during the day. Russia's Central Bank meeting is also worth keeping an eye on.”