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Welcome to your guide to the week ahead in the markets.

ECB monetary policy meeting

Expectations are high ahead of this week’s European Central Bank policy meeting. A run of poor Eurozone data has raised bets on further rate cuts, while investors have snapped up government bonds in the bloc in anticipation of a potential restart to the quantitative easing programme.

US ISM was dire – will CPI, retail sales and sentiment be any better?

Key releases on the US calendar this week could crank up the odds of more easing from the Federal Reserve before the year is through. Last week’s ISM manufacturing print shocked, with the index falling into contraction territory. Soft readings from the upcoming CPI, retail sales, or University of Michigan sentiment index could see further dovish bets.

UK GDP and average earnings – background noise?

Sterling remains almost exclusively at the mercy of Brexit-related news flow, but growth and wage figures might draw some attention. After having been stuck on hold thanks to the uncertainty of Brexit, the Bank of England may have to be quick out of the starting gate once the October 31st departure deadline passes. Data recently has been weak and another blow from either growth or earnings would see expectations of a rate cut climb.

Kroger earnings

It’s been another bad year for Kroger so far. KR is down 12% year-to-date, compared with rises of 14% for the S&P 500 and 16% for its industry. Peers such as Target and Walmart have had strong quarters. Will Kroger’s own investments in expanding online and delivery offerings help it deliver a strong Q2 report?

Corporate diary

September 11thHermes InternationalH1
September 12thWM Morrison SupermarketsQ2 2020
September 13thKrogerQ2

Coming Up on XRay

We’re got loads of great sessions for you this week. with our expert guests and residents. Watch live, or catch up when it’s convenient for you. Subscribe to submit questions that our presenters answer in real time.

07.15 GMTSeptember 10thEuropean Morning Call
15.30 GMTSeptember 10thAsset of the Day: Bullion Billions
15.45 GMTSeptember 10thAsset of the Day: Oil Outlook
07.00 GMTSeptember 12thLive Trading Room
18.00 GMTSeptember 12thThe Stop Hunter’s Guide to Technical Analysis

Key Economic Events

Stay ahead of the markets by understanding what key economic events are coming up, and what impact they could have on your trades.

08.30 GMTSeptember 9thUK Monthly GDP
01.30 GMTSeptember 10thChina CPI
08.30 GMTSeptember 10thUK Average Earnings
00.30 GMTSeptember 11thAustralia Westpac Consumer Confidence
11.45 GMTSeptember 12thECB Monetary Policy Rate and Statement
12.30 GMTSeptember 12thUS CPI
12.30 GMTSteptember 13thUS Retail Sales
14.00 GMTSeptember 13thUS Preliminary Michigan Sentiment Index

Latest news

New Zealand dollar drops on unexpected dovish tone from RBNZ

Wednesday, 10 July 2024

Indices

Unexpected dovish tone from RBNZ drops New Zealand dollar

Sterling steady as investors take in UK, French election results

Tuesday, 9 July 2024

Indices

Sterling steady near one-month high in wake of UK election

BP shares fall on Q2 profit warning

Tuesday, 9 July 2024

Indices

BP shares drop over 4% on Q2 lower profit warning

BP shares dip ahead of Powell Congress testimony

Tuesday, 9 July 2024

Indices

BP dips, Powell Congress speech ahead, records for Tokyo, NY

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