The Week Ahead Sept. 28 – Oct. 2

MONDAY, SEPT. 28

  • U.S. President Barack Obama and Russian President Vladimir Putin meet on the sidelines of the UN General Assembly in New York this week at the request of Putin. The meeting would mark the first face-to-face talks between the leaders in more than a year, and will focus on the conflicts in Ukraine and Syria.
  • Federal Reserve Bank of New York President William C. Dudley discusses monetary policy in an interview with the Wall Street Journal.
  • U.S. personal spending and incomes probably advanced in August, fueled by a stronger labor market, a report from the Commerce Department is projected to show.
  • ECONOMY: Pending U.S. home sales (Aug.), Dallas Fed manufacturing index (Sept.), Mexico unemployment rate (Aug.), China industrial profits (Aug.), Italian consumer confidence (Sept.).

TUESDAY, SEPT. 29

  • Home prices in 20 U.S. cities probably increased at a faster pace in the 12 months ended in July, according to an index from S&P/Case-Shiller.
  • Consumer confidence probably declined in September as volatility in U.S. equity markets picked up on concerns about the global economy.
  • ECONOMY: Brazil IGP-M inflation index (Sept.), euro-area economic confidence (Sept.), German CPI (Sept.), U.K. mortgage approvals (Aug.), Hungary unemployment (Aug.), Russia current account (second quarter), Croatia industrial output (Aug.).

WEDNESDAY, SEPT. 30

  • Last day of fiscal 2015. U.S. federal agencies operating non-essential services, such as national parks and Internal Revenue Service taxpayer-information phone lines, won’t have the authority to spend money beginning tomorrow without a congressionally approved appropriations bill or a stopgap funding measure for the 2016 fiscal year. At issue in this year’s bill is funding for the women’s health organization Planned Parenthood, a target of anti-abortion groups and more than 40 conservative Republicans. A legislative impasse triggered a 16-day government shutdown in October 2013.
  • Canada reports gross domestic product for July. Statistics Canada reported for June that output grew by 0.5 percent after five previous contractions.
  • The U.S. Energy Information Administration releases its U.S. oil inventory report.
  • Madison Square Garden Co. splits into two companies, with one holding the sports and entertainment units — home of the New York Knicks basketball team and Radio City Music Hall — and the other consisting of regional sports networks.
  • Federal Reserve Chair Janet Yellen and Federal Reserve Bank of St. Louis President James Bullard make opening remarks at the central bank’s annual Community Banking Research and Policy Conference.
  • ECONOMY: U.S. MBA mortgage applications (weekly), U.S. ADP employment (Sept.), Chicago purchasing managers index (Sept.), Brazil primary budget balance (Aug.), S. Korea business confidence survey (Oct.), Japan industrial production (Aug.), Japan retail sales (Aug.), South Africa trade balance (Aug.), Kenya CPI (Sept.), euro-area CPI (Sept.), euro-area unemployment (Aug.), German unemployment rate (Sept.), U.K. GDP (second quarter), Italian unemployment rate (Aug.), Italian CPI (Sept.), Portugal retail sales (Aug.), Portugal industrial production (Aug.), Poland CPI (Sept.), Turkey trade balance (Aug.), Egypt GDP (second quarter).

Thursday, OCT. 1

  • China will announce its official manufacturing purchasing managers’ index for September. The reading fell in August to the lowest in three years as monetary easing failed to revive growth drivers weighed by overcapacity and sliding prices. Caixin Media and Markit Economics are also scheduled to announce their own version of the PMI index.
  • Chinese President Xi Jinping is expected to make a televised address on the 66th anniversary of the founding of the People’s Republic of China. The nation’s markets will be closed for the weeklong National Day holiday, which ends on Oct. 7.
  • Joe Biden is expected to decide by today whether or not to enter the race for the 2016 Democratic nomination for U.S. president, according to people familiar with the vice president’s thinking.
  • Manufacturing in the U.S. probably expanded in September at the slowest pace since May 2013 as demand from overseas customers weakened.
  • The U.S. Energy Information Administration releases its natural gas inventory report.
  • New Jersey Transit, the U.S.’s third-biggest rail and bus operator, raises fares an average 9 percent from today in an effort to help close a $120 million budget deficit.
  • ECONOMY: U.S. Challenger job-cut announcements (Sept.) U.S. jobless claims (weekly), U.S. Bloomberg consumer comfort (weekly), U.S. Markit manufacturing PMI (Sept. final), U.S. construction spending (Aug.), Brazil monthly trade balance (Sept.), South Africa manufacturing PMI (Sept.), South Africa consumer confidence (third quarter), euro-area manufacturing PMI (Sept.), U.K. manufacturing PMI (Sept.), Russia current account (third quarter), Russia manufacturing PMI (Sept.), Poland manufacturing PMI (Sept.), Hungary manufacturing PMI (Sept.), Czech manufacturing PMI (Sept.), Turkey manufacturing PMI (Sept.).

Friday, OCT. 2

  • Employers in the U.S. probably added more jobs in September than a month earlier, while the jobless rate held at a seven-year low of 5.1 percent, economists forecast the Labor Department will report.
  • Energy ministers from members of the Group of 20, including oil producers Saudi Arabia, Russia and Mexico, gather in Istanbul.
  • ECONOMY: U.S. factory orders (Aug.), Brazil industrial production (Aug.), Hong Kong retail sales (Aug.), S. Korea consumer prices (Sept.), Japan jobless rate (Aug.), Japan monetary base (Sept.), Japan company inflation expectations from Tankan survey (third quarter), euro-area PPI (Aug.), U.K. construction PMI (Sept.), Romania retail sales (Aug.), Hungary trade balance (July).

Source

-Syfur

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Categories: Capital Markets

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