Monday:
The week starts with a strong economy with various key figures from the Scandinavian region. These include, for example, core inflation, the consumer price index, producer price index for Norway and inflation figures from Denmark. Italian industrial production for July and the foreign trade balance for Russia also follow during the day. After the intense quarterly reporting season of the past few weeks, companies are taking a break, but as always on the stock market: after the numbers means before the numbers.
So maybe you use Monday for a technical analysis using the HSBC trend compass. The combination of relative strength according to Levi and the momentum of a stock can be used to filter out interesting candidates for a more in-depth look. The trend compass is free for you and is updated weekly – take a look directly using the following link:
Tuesday:
On Tuesday the focus will be on the UK labor market. In addition to the unemployment figures, the average income of Brits is also published on a monthly comparison basis. The ZEW financial market test, on the other hand, captures the prevailing mood among German financial analysts. The most important international financial indicators are the subject of this survey: inflation rates, interest rates, stock indices, exchange rates and the price of oil. The index determined from the survey is scheduled to be published on Tuesday around 11:00 a.m. Apple’s latest product launch has also been announced for 7:00 p.m. Central European Time – Apple shareholders or potential investors should pay particular attention to the date. In the past, there have often been strong movements surrounding the event, also known as the “Apple Keynote.” At the end of the day there will be new insights for the raw materials markets in the form of the weekly API oil report.
Wednesday:
The Frankfurt Airport traffic figures, published by the Fraport company, are the starting signal on Wednesday. Important economic figures follow throughout the day: As the day before, we take another look at the United Kingdom. The gross domestic product, industrial production and the trade balance for July are published there. The International Energy Agency’s monthly oil report follows at around 10:00 a.m. As the afternoon progresses, the focus shifts to the US, where consumer prices and real incomes for August, as well as the Energy Information Administration’s weekly oil report, will be released.
Thursday:
In addition to the quarterly figures from the software provider Adobe Systems for the third quarter and the consumption prices for August from Finland and Sweden, the ECB interest rate decision is the core event of the week. After the last interest rate increase of 25 basis points to 4.25% (refinancing rate), the unadjusted rate climbed Consumption price index for the Eurozone from Eurostat continues undeterred from 123.47 points in June to 124.05 points in August. A survey from September 7th, 2023 by the Reuters news agency shows a divided opinion on the upcoming interest rate decision: Among the 66 financial experts surveyed, around 40% expected an increase in interest rates, while 60% expected the interest rate to remain the same. Monetary policy developments in Europe therefore remain exciting. Changes in interest rates have an inverse effect on the returns of bonds, which is why securities with bonds as an underlying can be suitable for investors to participate in changes in interest rates.
Friday:
A lot of economic data with potential influences on the markets awaits us on Friday. These include Chinese retail sales and industrial production, as well as German wholesale prices, for August. New figures are also being published in the USA: industrial production, capacity utilization and import and export prices from August are among the most important. From empirical economic research, there are expected to be the preliminary results of the University of Michigan consumer confidence survey and the Empire State Index, both for September. The Empire State Index measures the business activity of the manufacturing sector in New York State and is calculated using survey results among companies on the development of incoming orders, sales figures, inventories, prices, employee numbers and financial liabilities. In addition, the pharmaceutical company Novartis has called an extraordinary general meeting for Friday in which a decision will be made about the spin-off of the generics subsidiary Sandoz.
That was the weekly outlook – you can also find further stock market reading on our homepage. Whether it’s breaking news, specialist articles in our academy or the live webinars from Julius Weiß and Jörg Scherer. The weekly outlook is also available as a video on the HSBC certificates Instagram page:
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Source: HSBC