Economic calendar: Fed banker speeches, another hike? 🔔

7:15 AM 19 October 2023
  • Contracts indicate a lower opening in Europe
  • Data on wages and industrial production in Poland
  • Unemployment benefits and speeches from Fed bankers

Contracts on indices indicate a lower opening of the cash session in Europe on Thursday. Quotations follow a weaker session in the Asia-Pacific region as investors increasingly fear an escalation of conflict in the Middle East.

Today, we will get several key macroeconomic data for the Polish market, including data on wages for September. The wage growth is expected to be 10.8% YoY compared to 11.9% a month ago. Nevertheless, these readings are still significantly higher than the historical average of around 5.0%. Meanwhile, the decline in industrial production is expected to accelerate to -3.6% for September compared to -2.0% in August.

For investors monitoring the US market, the key data will be unemployment benefits and another series of real estate market data. Unemployment benefits are expected to remain at a low level, standing at 212k for the last week.

Detailed calendar of the day:

10:00 AM (BST), Macroeconomic data from Poland:

  • Industrial production for September: expectations -3.6% YoY; previously -2.0% YoY
  • Wage growth: 10.8% YoY; previously 11.9% YoY

2:30 PM (BST), Macroeconomic data from the US:

  • Philadelphia regional index for September: expectations: -6.5; previously -13.5
  • Unemployment benefits: expectation 212k; previously 209k

4:30 PM (BST), US, data on secondary market home sales:

  • Expectations: 3.9 million; previously 4.04 million

Bankers' speeches:

  • 2:00 PM (BST) - FOMC member; Jefferson
  • 5:00 PM (BST) - FOMC chairman; Jerome Powell
  • 6:20 PM (BST) - FOMC member; Goolsbee
  • 6:30 PM (BST) - FOMC member; Barr
  • 10:30 PM (BST) - FOMC member; Harker

Quarterly company reports:

  • American Airlines (AAL.US) - before the start of the US session
  • Philip Morris (PM.US) - before the start of the US session
  • AT&T (A.US) - before the start of the US session
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