Week Ahead starting 11/9/23: US inflation; ECB; ZEW; Oracle; Adobe; H&M
US inflation figures will be key for investors wanting clarity on the Fed’s monetary policy path in the coming months.
Germany’s ZEW comes in a week when the European Central Bank is seen taking a wait-and-see stance on interest rates. Plus, Oracle, Adobe and Hennes & Mauritz hand in their report cards.
Monday
Next week is going to be a big week for inflation, with everyone eagerly waiting for the US inflation number.
Tuesday
But before that, there are some other important things happening in the trading world. Australia will be sharing information on consumer and business confidence, the UK will reveal their unemployment rate, and Germany will announce the ZEW. We'll also be keeping an eye on the Chevron strike and the overall volatility in the energy sector. The API crude oil inventories will be a really important piece of information to watch.
Wednesday
There are other significant data releases too, like monthly gross domsstic product (GDP) numbers, industrial production, and trade balance data in the UK, as well as industrial production figures in the eurozone. So, lots of things happening in Europe! The European Central Bank (ECB) will also be making some moves next week.
Thursday
In the US, the consumer price numbers will be a big deal because they give us hints about what the Federal Reserve might do with interest rates. We'll also be eagerly awaiting the release of the ElA crude oil inventories.
On Thursday, Australia will share their unemployment rate figures, the ECB will announce their interest rate decision, and the US will reveal retail sales, producer price index data, and initial jobless claims data. Plus, China will release their industrial production figures towards the end of the week, which will tell us more about the impact of recent stimulus measures and consumer trends.
Friday
Amidst all this, there is some concern about the tech sector and the volatile oil market. Some people think there might be a recession, but our guest speaker disagrees. However, they do point out that oil is a key indicator and could potentially affect the market and tech stocks, like Apple.
Speaking of Apple, their product unveiling and Oracles first-quarter earnings are definitely events to look out for. And let's not forget about the upcoming earnings releases from companies like Sieva Tree Drinks, Jim Group, Teloil, Resro, Adobe, Cure Group, and H&M. It's shaping up to be a busy week for both corporate and economic news.
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