#RingTheBell, Next Week in Trading: New Zealand Rate Hike

Manchester United, Carmax, Carnival, New Zealand rate hike, and everything else the market will be watching for in the coming week.

This week, traders received interest rates decisions from the Federal Reserve, Swiss National Bank, Norges Bank, Bank of Indonesia, Bank of Japan, and Bank of England.

The general reading from these central banks is that the world is currently in a downward cycle. The Fed slashed rates while the BOJ for the first time signaled that it will slash rates in the October meeting.

Meanwhile, earnings from companies like Adobe and FedEx disappointed.

In this article, we will look at the what to expect in the coming week.

Monday

On Monday, traders will receive the preliminary manufacturing and services PMI data from Australia, France, Germany, the European Union, and the United States.

The PMI data is important because it tells investors about the activities of the purchasing managers in the manufacturing and services sectors. It is a good indicator of what is happening in the economy.

In recent months, the global PMI data has been subdued as companies reduce their spending as a result of the trade war.

Tuesday

On Tuesday, traders will receive capacity utilization and manufacturing data from Turkey. They will also receive the German business expectation, current assessment, and business climate index from IFO.

The business expectations are expected to rise from 91.3 to 91.5 while the current assessment is expected to jump from 97.3 to 98.6. The business climate index is expected to increase from 94.3 to 95.1.

All these numbers are relatively subdued as the German economy weakens. However, there is a likelihood that the German government will unleash more fiscal stimulus to support the economy.

Deutsche Bank Focus

From Brazil, traders will receive the BCB Copom meeting minutes and the mid-month CPI data. From the US, they will receive the consumer confidence data from the Conference Board.

On corporate earnings, these key companies will report on Tuesday: Manchester United, IHS Markit, Carmax, Jabil, Cintas, and Neogen Corporation.

5 Tips for trading Earnings

Wednesday

On Wednesday, traders will receive trade numbers from New Zealand and the interest rates decision from the central bank. Traders expect that the central bank will buck the trend and raise interest rates by 25 basis points.

From the United States, they will receive new home sales numbers. Economists surveyed by Reuters expect the sales to increase by 645k. This will be better than the previous increase of 635k.

On earnings, they will receive financial results from companies like KB Homes, Pier 1 Imports, and Raymond James Financial.

Monetary Policy: How the Central Bank Works

Thursday

On Thursday, traders will receive important numbers from Sweden. The numbers to watch will be the consumer and manufacturer confidence, PPI, and trade. Hong Kong will also release its trade numbers.

Traders will want to know the impact of the recent demonstrations on the imports.

From the US, they will receive the final reading of the GDP data. They expect that the US economy expanded by 2.0% in the second quarter, which is lower than the first quarter’s growth of 3.1%. They will also receive the pending home sales data.

On earnings, the companies to watch will be FactSet Research, Conagra Brands, Rite Aid, Accenture, Micron, Carnival, and Vail Resorts.

Friday

On Friday, traders will receive CPI data from Tokyo, which is the most important city in Japan, while from China, they will receive industrial profits for the year.

From Sweden, they will receive the retail sales for the month of August and from the EU, they will receive the consumer and business confidence data.

From the US, traders will receive the core durable goods orders, core PCE price index, and personal income and spending data.

On earnings, they will receive data from Zedge, Datasea, and TDH Holdings.

Useful external resources

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