mask Week Ahead | Investor’s Eyes on European Council Summit of Brexit

14/ 10/ 2019

Week Ahead | Investor’s Eyes on European Council Summit of Brexit

14th October 2019 - 18th October 2019

Monday

  • EUR Industrial Production s.a. (MoM)
  • GBP BoE's Cunliffe Speech

On Monday, markets closed for USD/CAD/JPY as of Columbus day, Thanksgiving day and sports day respectively. From Eurozone, The Industrial Production is released by the Eurostat. It shows the volume of production of Industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. From UK, Deputy Governor for Financial Stability of the Bank of England Sir Jon Cunliffe will give a speech.

 

Tuesday

  • AUD: RBA Meeting Minutes
  • CNY: Consumer Price Index (YoY)
  • GBP: ILO Unemployment Rate (3M)
  • GBP: Average Earnings Excluding Bonus
  • EUR: ZEW Survey - Economic Sentiment

On Tuesday, the minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion. From China, Consumer Price Index is to be released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. From UK, ILO Unemployment Rate will be released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy followed by the Average Earning Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy.

 

Wednesday

  • GBP: Consumer Price Index
  • EUR: Consumer Price Index
  • USD: Retail Sales Control Group
  • CAD: BoC Consumer Price Index Core

On Wednesday, the Consumer Price Index will be released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.  From Eurozone, core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco.  From US, "retail sales control group", published by US Census Bureau, represents the total industry sales that are used to prepare the estimates of PCE for most goods. From Canada, Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products.

 

Thursday

  • GBP: European Council Summit on Brexit
  • USD: Initial Jobless Claims 4-week average

On Thursday, the European Council is set to meet in Brussels to discuss Brexit one day ahead of the deadline, trying to come to an agreement on an extension or the UK withdrawal from the EU. From US, Jobless claims that is published by the US Department of Labor as a measure of the number of people filing first-time claims for state unemployment insurance will also due out. It provides a measure of strength in the labor market. 

 

Friday

  • GBP: European Council Summit on Brexit
  • CNY: Gross Domestic Product (YoY)

On Friday, the European Council is set to meet in Brussels to discuss Brexit one day ahead of the deadline, trying to come to an agreement on an extension or the UK withdrawal from the EU. From China, Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing.