CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: UK Supreme Court ruling in the spotlight

06:58 24 September 2019
  • UK Supreme Court to rule on Parliament prorogation today

  • German IFO indices to be released in the morning

  • CB Consumer Confidence to be a key reading of the US session

9:00 am BST - Germany, IFO indices for August. German ZEW indices released last week came in better-than-expected but they still remain deep into negative territory. Headline IFO index has been free falling since the beginning of 2018 and reading for September 2019 is expected to show another deterioration. 

10:30 am BST - UK Supreme Court ruling on Parliament prorogation. The UK Supreme Court is expected to issue a ruling on whether PM Johnson had the right to prorogue Parliament or not. In case the Court rules prorogation unlawful, it is likely to order Parliament to resume the session. Moreover, such a ruling could see PM Boris Johnson resign.

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1:00 pm BST - Hungary, Interest rate decision. The Hungarian central bank is expected to leave rates unchanged today with main rate staying at 0.9%.

3:00 pm BST - US, CB Consumer Confidence and Richmond Manufacturing indices for September. Preliminary Michigan data for September hinted at improvement in moods of consumers. However, CB data is expected to show a decline from 135.1 pts to 133.5 pts. Simultaneously, Richmond manufacturing index will be released and it is expected to tick higher from 1 to 2 pts.

9:40 pm BST - API report on crude inventories. Private report on the change in the US oil stockpiles is expected to show a decline of 0.7 mb after last week’s print showed a build of 0.6 mb. However, this data may be somewhat overlooked by the market as investors focus on the situation in the Middle East.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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