The meeting of the European Central Bank (ECB) will be the big date for the markets next week. Experts hope that Christine Lagarde will be cautious and will not give many clues about when they will start with the reduction of their stimuli related to Covid (the PEPP, emergency purchase program for the pandemic), but they acknowledge that the president of the ECB will have a difficult time in the question and answer round and that you will have to prevent the market from being scared by the possibility that the program ends earlier than expected.
And, as Europe sets the pace (second quarter GDP will be released on Tuesday), Wall Street closes Monday for the Labor Day holiday.
Here are the most important keys for the next five trading days:
MONDAY, SEPTEMBER 6
– US stock market closed for public holidays.
– Factory orders July Germany.
– Meeting of the EcoFin.
– UK Construction Purchasing Managers Index August.
– Sentix Eurozone Investor Confidence September.
TUESDAY, SEPTEMBER 7
– Trade balance in August China.
– Exports and imports in August China.
– RBA interest rate decision.
– Industrial production Germany July.
– September Eurozone ZEW Business Confidence Index.
– ZEW Business Confidence Index September Germany.
– Second quarter GDP Eurozone.
WEDNESDAY, SEPTEMBER 8
– GDP Japan second quarter.
– Weekly inventories of crude oil and distillates from the US IEA.
– Fed Beige Book.
THURSDAY, SEPTEMBER 9
– CPI China August.
– Exports and imports Germany July.
– ECB interest rate decision.
– ECB press conference.
– Weekly US unemployment claims.
– Speech by Williams, member of the FOMC USA.
FRIDAY, SEPTEMBER 10
– Industrial and manufacturing production United Kingdom July.
– GDP United Kingdom July.
– CPI Germany August.
– Industrial production Spain July.
– Wholesale inventories July USA.
– Testimony before the Parliament of authorities of the BOE United Kingdom.