FINANCIAL MARKETS LOOK TO INFLATION DATA AND RATE DECISIONS FROM THE BOE AND SNB

INFLATION AND CENTRAL BANKS

The American, United Kingdom and German economies all release key inflation data this week. The U.S Consumer Price Inflation and Producer Price Inflation reports will take center stage, as the Federal Market Open Committee will meet next week to decide on interest rates.

We also see the Bank of England and the Swiss National Bank deliver interest rates decisions. Both Central Banks are expected to keep interest rates on hold, with investors looking for clarification on upcoming rate rises, future economic growth and inflation.

Monday 11th September, Norwegian CPI

The Norwegian economy releases August CPI data, with economists expecting a dramatic month on month fall. CPI is expected to decline –0.4 percent, sharply lower than the July figure of +0.3 percent.

Should we see a strong decline in the monthly CPI headline figure, as forecasted, traders should watch for a strong reaction in the domestic currency, the Norwegian Krona.

Tuesday 12th September, United States JOLTs Job Openings

The United States economy release the JOLTs job openings report, which is a key survey done by the U.S Bureau of Labor Statistics, that helps to measure U.S job vacancies.  

The previous month saw 6,163,0000 U.S job openings, which was much better than the initial forecast of 5,775,000. Investors will pay close attention to how hurricane IRMA, and the recent floods in Texas effect this month's headline number.

Wednesday 13th September, United States PPI

The United States economy releases August Producer Price Index data, which measures the change in the price of goods sold by U.S manufacturers, and is a leading indicator of U.S consumer price inflation.

Last month, the U.S Producer Price Index headline figure surprised financial markets with a worrying –0.1 percent decline. Analysts now expect U.S PPI to rebound, with a solid +0.3 monthly increase.

Thursday 14th September, BOE And SNB Interest Rate Decisions

The Bank of England are expected to maintain interest rate at record low levels, with investors combing through the details of the BOE meeting minutes, and the votes casted by members of the Monetary Policy Committee.

We also see the Swiss National Bank decide on interest rates, with most economists expecting the SNB to remain on hold. Traders will look to the monetary policy statement, with focus on any mention from policy makers on the rising value of the Swiss France.

Friday 15th September, United States Retail Sales

United States retail sales are expected to decline sharply for the month of August, as weather effects from recent flooding and storms take hold on the American economy.

Retail sales in the U.S are forecasted to show a +0.1 percent reading, which is much lower than the previous forecast of +0.6 percent.