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The Week Ahead 10th Sep 2018

We have a busy week ahead of us, which will mainly be impacted by Central Banks (BoE and ECB) rate decisions and monetary policy statements. Throughout the week we will also receive UK GDP (July) and UK & Australian Employment data. The markets will finish the week by paying attention to the US Retail Sales (August) data which is due on Friday.

Monday at 9.30am, UK trade balance and GDP for the month of July is due. Gross Domestic Product estimates are for the figure to show 0.3% from previously published 0.1%. This data could increase volatility in UK Equities and also GBP currency crosses.

Tuesday at 9.30am, UK employment data is due. Unemployment rate estimates are pointing to an increase to 4.2% for July from previously published 4%.  Also average earnings for July are forecasted to increase to 2.5%, from a previously published figure in June of 2.4%. This data could increase volatility in UK Equities and also GBP currency crosses.

Wednesday at 3.30pm US Crude Oil Inventories for the last week are due to be published. Inventories are expected to fall by 3.4 million barrels from a 4.3 million drop previously published. This data could increase volatility in WTI Crude and also Brent Crude Oil futures.

 

Thursday at 12pm, BoE rate decision and monetary policy statement are due for release. Market expectations are for no change in policy, however markets will closely watch for the indication of any change in voting patterns. This data could increase volatility in UK Equities and also GBP currency crosses.

Thursday at 12.45pm, ECB rate decision will be followed by closely watched ECB press conference at 1.30pm. Market expectations are for no change in interest rate levels, however any indication about the future direction in monetary policy will be closely analysed during the press conference and ECB’s Mario Draghi speech. This data could increase volatility in Eurozone Equities and also EUR currency crosses.

Friday at 1.30pm, US retail sales for the month of August are due to be published. Market forecasts are pointing to the drop to 0.2% from the previously published 0.5% for the MoM figure. This data could increase volatility in US Equities and also USD currency crosses.

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