The week ahead: 12/09/22
While Thursday’s Bank of England monetary policy decision has been postponed following the death of Queen Elizabeth II, there is still plenty of macroeconomic data this week, with German, US, UK, French and eurozone inflation figures, and US and UK retail sales. Earnings are scheduled from Oracle, Ocado, Petra, Tullow Oil, Dunelm, Adobe, Renishaw and Keir.
Monday 12 September
In the UK today’s highlights are the July industrial and manufacturing production figures, along with the July trade balance. Meanwhile in the US, enterprise software firm Oracle, on the verge of displacing Google Cloud as the world’s fastest-growing cloud vendor, will report quarterly earnings to the market.
Tuesday 13 September
UK online supermarket Ocado and diamond mining group Petra both post earnings on Tuesday, the former having last week announced Hannah Gibson as its new CEO for Ocado Retail. We’ll also see the latest Australian Westpac consumer sentiment and NAB business confidence, the UK average earnings and claimant count, German CPI, and the German and eurozone ZEW economic sentiment. OPEC releases its monthly oil production report at midday (UK time) while, in the afternoon, look out for US CPI and the federal budget balance.
Wednesday 14 September
All eyes on UK inflation on Wednesday, as the August CPI data is released at 7am. In July annual price inflation hit another 40-year high at 10.1%. We’ll also have Japanese and eurozone industrial production figures to digest, plus the US PPI for August. Half-year figures come from oil and gas exploration company Tullow Oil along with preliminary results from homeware retailer Dunelm.
Thursday 15 September
The Bank of England’s monetary policy decision, due on Thursday, has been postponed to 22 September following the death of Queen Elizabeth II. Last week MPC member Catherine Mann said a ‘fast and forceful’ hike in UK interest rates is required. A busy schedule also includes the Japanese trade balance, Australian employment change, French CPI, eurozone Q2 wages and July trade balance, US retail sales, the import and export price indices, industrial production, business and retail inventories, plus the NY Empire State and Philadelphia Fed manufacturing indices. Keep an eye out too for earnings from design software firm Adobe, UK engineering company Renishaw and construction group Kier.
Friday 16 September
At 3am (UK time) on Friday the Chinese industrial production fixed asset investment figures for August are scheduled to be released. The impact of the cost-of-living crisis will be measured via UK retail sales for August and the latest eurozone CPI, while the week draws to a close in the US with the University of Michigan consumer sentiment index.
Published: 12 September 2022
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