Market moving info – week starting Sept. 15, 2014

Here’s a summary of last week’s market moving info and a look ahead to the data, events and earnings reports that are likely to move the markets this week.

Last week:

  • The British pound and UK stocks took a tumble when an opinion poll showed for the first time the “yes” camp arguing for independence for Scotland ahead. Various UK businesses have tried to persuade people to vote “no” and analyst warned people had not understood the economic consequences of a vote for independence.
  • A fresh round of sanctions were imposed on Russia by the European Union and the US, while Russia warned they would affect the ceasefire in place for Ukraine and threatened to retaliate by banning imports of cars from the EU.
  • Jean-Claude Juncker, the president of the European Commission, gave the position of financial services commissioner to the UK’s representative Lord Hill of Oareford. The move is seen as an attempt to placate British fears that the EU is threatening the City of London and to persuade the UK to stay in the EU.

This week:

Monday, Sept. 15

Europe:

  • OECD launches its economic outlook publication.
  • Swiss producer prices for August.
  • Eurozone trade balance for July.
  • UK Rightmove house price index.
  • Polish inflation, current account balance.

US:

  • Empire manufacturing index for September.
  • Industrial production data for August.

Corporate events:

  • UK’s Monitise (MONI.L) preliminary full year results.
  • Germany’s Bet at home (ACX.DE) half-year results.
  • US Analogic Corp (ALOG) fourth-quarter results.

Tuesday, Sept. 16

Europe:

  • Spanish labour costs for the second quarter.
  • Eurozone labour costs for the second quarter.
  • ECB publishes consolidated financial statement of the Eurosystem.
  • UK consumer, retail price inflation for August.
  • UK ONS house prices for July.
  • Bank of England quarterly bulletin for third quarter.
  • Germany ZEW sentiment survey for September.

US:

  • Producer prices for August.
  • Fed monetary policy meeting starts.

Corporate events:

  • UK’s Asos (ASC.L) trading statement for fourth quarter.
  • UK’s Thomas Cook (TCG.L) trading update.
  • US Adobe (ADBE) third quarter earnings release.

Wednesday, Sept. 17

Europe:

  • ECB Governing Council meeting in Frankfurt (no statement scheduled).
  • Eurozone inflation data for August.
  • Eurozone construction output for July.
  • Eurozone new car registrations for August.
  • Italy trade balance for July.
  • UK Bank of England minutes of September policy meeting.
  • UK unemployment rate for July.
  • Russian retail sales for August.
  • Russian industrial output for August.
  • Polish industrial output for August.

US

  • Weekly mortgage applications data from the Mortgage Bankers Association.
  • Weekly crude inventories.
  • Inflation data for August.
  • Current account balance, second quarter.
  • Fed monetary policy meeting statement and news conference.

Corporate events:

  • UK Smiths Group (SMIN.L) fourth-quarter results.
  • UK IG Group (IGG.L) management statement.
  • French Renault (RNO.PA) August sales.
  • US General Mills (GIS) first quarter earnings.

Thursday, Sept. 18

Europe:

  • Scotland residents vote in independence referendum.
  • ECB announces first TLTRO allotment.
  • ECB publishes eurozone investment fund statistics.
  • Switzerland trade balance for August.
  • Sweden second quarter GDP.
  • UK retail sales for August.
  • UK CBI trends total orders for September.
  • UK gross mortgage lending data for August.
  • Greece unemployment rate for the second quarter.
  • Italy current account balance for July.
  • Ireland second quarter GDP.
  • Ireland trade balance for July.
  • Portugal current account balance for July.
  • Ukraine industrial output for August.

US:

  • Weekly initial jobless claims.
  • Housing starts, building permits for August.
  • Philly Fed business outlook for September.
  • Household net worth change data for second quarter.

Corporate events:

  • UK retailer French Connection (FCCN.L) half-year results.
  • French medical information services provider Cegedim (CGM.PA) second quarter earnings.
  • US Rite Aid (RAD) second quarter earnings.
  • US Oracle (ORCL) first quarter earnings.
  • US ConAgra (CAG) first quarter earnings.

Friday, Sept. 19

Europe

  • Eurozone balance of payments data for July.
  • Germany producer prices for August.
  • French wages data for the second quarter.
  • Bank of England’s UK banks external claims data for the second quarter.

US

  • Leading indicators for August.
  • Regional and state unemployment data for August.

Corporate events:

  • UK-listed investment manager Investec (INVP.L) pre-close briefing.

@AntoniaOprita