Market moving info – week starting Sept. 22, 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 results of a referendum in Scotland over whether the country should be independent were in favour of keeping the UK intact. Over 55% of those who voted were against independence, compared with 44.7% who said “yes.”
  • Shares in Chinese e-commerce giant Alibaba (BABA) jumped in their debut on the New York Stock Exchange. On Friday, shares were trading at $92.70, after being priced at $68 late on Thursday in the much-hyped IPO. They closed at $93.89, 38% above the initial asking price.
  • The Federal Reserve maintained its commitment to keep interest rates low for an extended period of time.
  • The European Central Bank’s first Targeted Long-Term Refinancing Operation (TLTRO) disappointed. Take-up from banks in the eurozone was only 82.6 billion euros, compared with the most modest of expectations of around 100 billion euros in a survey of economists by Bloomberg.

This week:

Monday, Sept. 22

Europe:

  • Eurozone flash consumer confidence data for September.
  • Belgium reopens two sovereign debt issues, a 10-year and a 20-year, to raise 2 billion euros.
  • ECB President Mario Draghi speaks in front of a committee at the European Parliament.
  • UK ONS House Price Index Guidance, Trends in the UK housing market 2014
  • UK Labour Party conference ongoing.

US:

  • Existing home sales data for August.

Corporate events:

  • UK milk and dairy producer Dairy Crest half-year trading statement release.
  • UK gemstone explorer and minder Gemfields full-year results.
  • US food safety diagnostics provider Neogen first-quarter results.
  • US auto parts supplier AutoZone fourth-quarter earnings.

Tuesday, Sept. 23

Europe:

  • French final GDP data, second quarter.
  • French manufacturing PMI for September, preliminary.
  • German manufacturing PMI for September, preliminary.
  • Eurozone manufacturing PMI for September, preliminary.
  • ECB publishes Consolidated Financial Statement of the Eurosystem.
  • UK mortgage approvals for August.
  • UK ONS releases public sector finances data for August.
  • UK ONS report on intergenerational transmission of poverty in the UK & EU – 2014
  • Polish retail sales data for August.
  • Hungary central bank interest rate.
  • Hungary second-quarter current account balance data.

US:

  • US Markit manufacturing PMI for September, preliminary.
  • FHFA housing price index for July.

Corporate events:

  • UK cruise operator Carnival third-quarter earnings release.
  • US electronic payments solutions provider USA Technologies fourth-quarter results.
  • US-based retailer Bed, Bath & Beyond second-quarter earnings.

Wednesday, Sept. 24

Europe:

  • Germany IFO business sentiment index for September.
  • The Netherlands issues new 5-year sovereign bond to raise 4 billion euros.
  • UK ONS report: Measuring National Well-being – Domains and Measures – September 2014

US

  • Weekly mortgage applications data from the Mortgage Bankers Association.
  • Weekly crude inventories.
  • New home sales data for August.

Corporate events:

  • UK pharmaceutical and business services provider Clinigen full-year earnings.
  • German nanotechnology specialist Nanogate second-quarter earnings.
  • French technology consulting firm Alten half-year earnings.
  • US-listed consultancy Accenture fourth-quarter results.
  • US homebuilder KB Home third-quarter results release.

Thursday, Sept. 25

Europe:

  • ECB publishes eurozone money supply data.
  • Eurozone members’ national balance sheet data, excluding the Eurosystem.
  • ECB’s President Mario Draghi speaks in Vilnius, Lithuania.
  • Austria industrial production data for July.
  • Spanish producer prices for August.
  • UK Help-to-Buy housing scheme data for August.
  • UK CBI reported sales for September.
  • Czech central bank interest rate.
  • Turkish central bank interest rate.

US:

  • Weekly initial jobless claims.
  • Durable goods orders for August.
  • Markit flash services PMI for September.
  • Kansas City Fed survey.

Corporate events:

  • French scanners maker Microwave Vision half-year earnings.
  • French recreational vehicles and kit maker Trigano foruth-quarter sales.
  • Swedish clothes retailer Hennes & Mauritz third-quarter results.
  • German home improvement chain Hornbach second-quarter earnings.
  • US sports shoes maker Nike first-quarter results.
  • US semiconductor devices maker Micron Technology fourth-quarter results.

Friday, Sept. 26

Europe

  • Germany consumer confidence index GsK for October.
  • French consumer confidence index for September.
  • Spanish mortgage statistics for July.
  • UK Land Registry full house price index for August.
  • Slovak producer prices data for August.
  • Hungary unemployment for August.

US

  • Second-quarter GDP, third estimate.
  • Second-quarter GDP deflator, third estimate.
  • Michigan University consumer confidence for September.

Corporate events:

  • Canadian smartphones-maker Blackberry second quarter results.
  • US specialty retailer Finish Line second-quarter earnings release.

@AntoniaOprita

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