Markets: Week Ahead For 26th to 30th September
We're approaching the end of the notoriously bad month of September. So what has the final week got in store for us? What could be the catalyst for a rally or further crashes?
The IMF wrapped up it's annual meetings yesterday the 25th. Unfortunately for those betting on a fast recovery, no further loan approvals were announced for Greece.
We've got a speech from Bernanke on Wednesday. Given the market's reaction last week to the Fed's comments of 'significant downside risk' Bernanke's words could act to soothe markets or put them further into a nose dive. The most pertinent data out this week is the US Jobless claims and US GDP figures. The bets have been mounting for sometime over whether or not the US will have a double dip and the figures will shed some light on the debate.
Also in the beleaguered Eurozone we have unemployment figures being released. Given the current 10% unemployment rate, increases may lead the ECB to get off its ass, stop worrying so much about inflation and ramp up its bond purchases.
Monday 26th September
- German Business Climate Data Released
- New Home Sales US
- Fed dissenter Narayana Kocherlakota, President of Minneapolis Fed speaks
Tuesday 27th September
- New Home Sales (Australia)
- Fed dissenter Richard Fisher, President of the Dallas Fed speaks on why he voted against Operation Twist
Wednesday 28th September
- Fed Chairman Bernanke Speaks in Cleveland Ohio (5pm) on the topic of emerging markets
Thursday 29th September
- German Unemployment Rate
- US Jobless Claims
- US GDP 2011Q2
- Fed dissenter Charles Plosser, President of Philadelphia Fed gives his views on the economy
Friday 30th September
- Euro-zone unemployment rate
- US Core PCE Price Index (measure of inflation)
- Chicago PMI
