iBankCoin
Joined Dec 4, 2012
319 Blog Posts

The Week Ahead: Lots Of Central Bank Action, Starts Today

1. Geopolitical Events. On Monday Japanese Prime Minister Abe speaks. On Tuesday President Obama will address the United Nations General Assembly. On Wednesday the FOMC and BOJ announce their latest interest rate decisions. On Thursday ECB Head Mario Draghi speak. The week concludes with the President’s Panel at the Philadelphia Federal Reserve.

2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and housing starts, existing home sales and leading indicators.

3. Earnings Releases. Notable releases include ASNA ADBE FDX LEN GIS RHT KMX CCL AZO FINL.

Monday, September 19:

Markets in Japan are closed for trading but Japan’s Prime Minister Shinzo Abe speaks in New York in a key speech.

Minutes from the Reserve Bank of Australia (RBA) are due out.

Tuesday, September 20:

Wells Fargo (WFC) CEO John Stumpf appears before the Senate Banking Committee to answer questions about questionable actions by the bank.

President Obama speaks to the United Nations General Assembly.

The Federal Reserve Open Market Committee (FOMC) begins a two day meeting.

August Housing Starts are due out at 8:30 a.m. EDT and are expected to fall to 1,190,000 from 1.211,000.

Wednesday, September 21:

The Federal Reserve Open Market Committee (FOMC) concludes a two day meeting and is expected to leave interest rates unchanged. Press conference to follow at 2:30 p.m. EDT with Federal Reserve Chairman Janet Yellen.

Overnight The Bank of Japan is out with its latest interest rate decision.

Thursday, September 22:

European Central Bank (ECB) President Mario Draghi speaks to the European Systemic Risk Board Conference.

August Existing Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 5,475,000 from 5.390,000.

Also at 10:00 a.m. EDT, August Leading Indicators are due out and are expected to drop to 0.1% from 0.4%

Friday, September 23:

Several Federal Reserve Regional Presidents speak at the President’s Perspective Panel at the Philadelphia Federal Reserve.

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