The Week Ahead: Sept 21 – 25

Business confidence data from China and the euro zone will offer some pointers this week to where the global economy is going after the U.S. Federal Reserve kept markets guessing about when it will begin raising rates.


  • Sales of previously owned U.S. homes probably held near the highest level since 2007 in August after unexpectedly rising in July. The National Association of Realtors releases data at 10:00 in Washington.
  • Charter Communications Inc. and Time Warner Cable Inc. hold special meetings for their respective shareholders to vote on Charter’s proposed purchase of Time Warner Cable.
  • Federal Reserve Bank of Atlanta President Dennis Lockhart addresses the Buckhead Rotary Club.


  • Chinese President Xi Jinping begins a visit to the U.S., his first as China’s leader, amid growing tension over cyberhacking and China’s military moves in the South China Sea. Xi will participate in a Sept. 23 meeting with top U.S. executives that may include Apple Inc.
  • The U.S. Securities and Exchange Commission meets to consider proposing a new rule that would require liquidity risk-management programs for open-end management investment companies.
  • Perumin Mining Convention. Peru’s Energy & Mines Minister Rosa Maria Ortiz, its central bank President Julio Velarde and Southern Copper Corp. Chief Executive Officer Oscar Gonzalez Rocha are among scheduled speakers at the gathering in Arequipa, Peru. Through 09/25.


  • U.S. President Barack Obama welcomes Pope Francis to Washington at the start of the pontiff’s U.S. visit. Obama will host the pope for talks at the White House, with topics likely to include climate change, income inequality and the refugee crisis in Europe.
  • Colombian President Juan Manuel Santos, Ecopetrol SA Chief Executive Officer Juan Carlos Echeverry and Energy Minister Tomas Gonzalez are among scheduled speakers at the Heavy Oil Latin America Conference & Exhibition.
  • The U.S. Energy Information Administration releases its U.S. oil inventory report.
  • ECONOMY: MBA U.S. mortgage applications (weekly), Markit U.S. manufacturing PMI (Sept.), Canada retail sales (July), Brazil current account (Aug.), China Caixin flash manufacturing PMI (Sept.), Taiwan industrial production (Aug.), South Africa CPI (Aug.), South Africa PPI (Aug.), Ghana GDP (second quarter), Russian weekly CPI, Poland unemployment rate (Aug.), Croatia unemployment (Aug.), euro-area preliminary PMIs (Sept.).


  • -Japanese Prime Minister Shinzo Abe lays out goals for the rest of his term after being reappointed this month as leader of the Liberal Democratic Party for another three-year stint that could make him one of Japan’s longest-serving postwar prime ministers. Almost three years after his election, his Abenomics plan of fiscal and monetary stimulus has done little to re-inflate and revive the world’s third-biggest economy, which is on the brink of recession.
  • Sales of new U.S. homes probably continued to rebound in August after recording their biggest gain of the year in July.
  • U.S. durable goods orders probably fell in August for the first time in three months, held back by fewer bookings for commercial aircraft and slower global economic growth.
  • German Chancellor Angela Merkel and leaders of the country’s 16 regions hold talks to decide on the distribution of extra federal aid to cope with as many as 1 million refugees expected this year.
  • The U.S. Energy Information Administration releases its natural gas inventory report.
  • ECONOMY: U.S. initial jobless (weekly), Bloomberg Consumer Comfort index (weekly), Kansas City Fed manufacturing activity (Sept.), Brazil unemployment (Aug.), Mexico bi-weekly inflation (Sept. 15), Hong Kong exports, imports, trade balance (Aug.), Germany Ifo business confidence (Sept.), France manufacturing confidence (Sept.).


  • Confidence among U.S. consumers probably fell less than initially estimated, to 87, in the University of Michigan’s final September index. The gauge’s first estimate on Sept. 11 showed a decline to 85.7 from August’s 91.9 for the largest one-month decline since the end of 2012.






Categories: Capital Markets

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