Global geopolitical trends we’re tracking this week:
Key Dates
September 13 – China new loans and loan growth. This will be an indicator of to what extent the national team banks eased financing conditions amidst the Delta outbreaks of early August. A Reuters poll predicts 12.3% loan growth for August, mirroring July gains.
September 13 – OPEC monthly report. OPEC is expected to downgrade its oil demand forecasts owing to the slow speed of pandemic recovery witnessed in major economies.
September 13 – India Consumer Price Index (CPI) for August.
September 13 – Australia housing price index for Q2.
September 14 – UK average earnings for July.
September 14 – UK unemployment for July.
September 14 – Spain Consumer Price Index (CPI) for August. If the numbers out of other major European economies are any indication, Spain’s inflation data is likely to surprise on the upside. The flash estimate came in at 3.3%, up from 2.9% in July (see Data Snapshot).
September 14 – US Core CPI for August.
September 14 – Canada manufacturing sales for July.
September 14 – China industrial production for August.
September 14 – China retail sales for August.
September 15 – UK Consumer Price Index (CPI) and Producer Price Index (PPI) for August.
September 15 – France and Italy CPI data for August.
September 15 – Euro zone wages for Q2.
September 15 – Euro zone industrial production.
September 15 – Canada core Consumer Price Index (CPI) for August. All eyes are on the August CPI data after July saw a 3.7% year-on-year jump – the largest since May 2011. The release also comes just days before Canadians are scheduled to head to the polls on September 20.
September 15 – US industrial production for August.
September 15 – US crude oil inventories.
September 15 – New Zealand GDP for Q2.
September 15 – Japan exports for August.
September 15 – Australia unemployment data for August.
September 16 – Euro zone trade data for July.
September 16 – US core retail sales for August.
