Economic calendar: PMI data day!

7:26 AM 22 September 2023
  • BoJ maintains interest rates and reaffirms dovish monetary outlook
  • PMI data and Canadian retail sales data on the calendar.
  • S&P500 with biggest intraday drop since March 2023 

Asia-Pacific markets are trading at mixed levels during today's session in the face of the lack of surprise over the Bank of Japan's decision. On the other hand, however, sentiment toward the European market is deteriorating as the start of the session approaches, which remains overshadowed by the biggest declines in the S&P500 cash index since March this year. 

Investors' attention today will focus on Ueda's conference following the BoJ decision, PMI data from major economies and speeches by ECB and Fed central bankers.

Today's major macro events:

07:30 am BST; Japan - Press conference after the BoJ decision.

08:15 am BST; France - PMI index from France for September.

  • Manufacturing. Forecast: 46; Previously: 46
  • Services. Forecast: 46. Previously: 46

08:30 am BST; Germany - PMI index from Germany for September.

  • Manufacturing. Forecast: 39.5. Earlier: 39,1
  • Services. Forecast: 47.2. Previously: 47,3

09:00 am BST; Eurozone - Eurozone PMI index for September.

  • Manufacturing. Forecast: 44. Earlier: 43,5
  • Services. Forecast: 47.7. Previously: 47,9

09:30; UK - UK PMI index for September.

  • Manufacturing. Forecast: 43. Earlier: 43
  • Services. Forecast: 49.1. Previously: 49,5

12:00 am BST - Speech by Guindos from the ECB. 

01:30 pm BST; Canada - Retail sales for July.

  • Headline reading. Forecast: 0.4% m/m. Earlier: 0.1% m/m
  • Excluding cars. Forecast: 0.5% m/m. Previously: -0.8% m/m. 

01:30 - FED's Cook speech.

02:45 pm BST; USA - US PMI index for September.

  • Manufacturing. Forecast: 47.9; Earlier: 48
  • Services. Forecast: 49.1. Previously: 49,5

 

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