In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
5 important events this week will bring us!
- British average earnings index (Tue, 11:30 MT (8:30 GMT) time) – According to the forecasts, the indicator is expected to advance by 3.7%. Higher figures will be positive for the British pound.
- US CPI and core CPI (Tue, 15:30 MT (12:30 GMT) time) – The headline indicator is forecast to increase by 0.3%. At the same time, its core level is expected to increase by 0.2%. Higher-than-expected indicators will push the USD up.
- British CPI (Wed, 11:30 MT (8:30 GMT) time) – As for the British indicator of consumer inflation, it is expected to rise by 1.9%.
- Australian jobs data (Thu, 4:30 MT (1:30 GMT) time) – We anticipate the level of employment change for Australia to boost by 14.2 thousand jobs with the unemployment rate staying stable at 5.2%. Higher figures of employment change and lower unemployment rate are desired for the AUD bulls.
- US retail sales and core retail sales (Thu, 15:30 MT (12:30 GMT) time) – The level of retail sales is forecast to increase by 0.3%, while core retail sales will likely advance by 0.4%.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?