The main event this week will be the Federal Reserve’s policy meeting in September. Investors will also be watching several corporate earnings releases, investor days and the latest economic data.
publishes its quarterly results on Monday, followed by the results of
go wednesday, so
report Thursday. Investor Days this week includes Biogen on Tuesday,
The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could take stock of its plans to start cutting back on its monthly asset purchases. Wednesday afternoon’s press conference with Fed Chairman Jerome Powell will be closely watched.
Economic data released this week includes the Conference Board’s leading economic index for August Thursday. There will also be several updates on the US housing market, including the National Association of Home Builders Housing Market Index for September Monday, new Census Bureau home construction data for August Tuesday, and sales. of existing National Association of Realtors homes. for August on Wednesday.
Lennar Reports Third Quarter Fiscal 2021 Results.
Merck presents data on its anticancer drug portfolio, in collaboration with the 2021 congress of the European Society for Medical Oncology.
The national association of Home Builders releases its September Housing Market Index. Economists are forecasting a reading of 73, two points below the August figure, which was the lowest in more than a year.
Tuesday September 21
Adobe, AutoZone and FedEx publish the profits.
Biogen is hosting an investor day to discuss its neuroscientific therapy pipeline.
The census office reports on new residential construction for the month of August. The consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% above the July level. Housing starts are down from their post-financial crisis peak of 1.725 million, reached in March of this year.
Wednesday 22 September
FOMC announces its monetary policy decision. The Federal Reserve is expected to keep the fed funds rate unchanged near zero, but could signal that it will cut back on asset purchases later this year.
General Mills Reports First Quarter Fiscal 2022 Results.
Yum China Holdings
organize their investor days 2021.
Bank of Japan
announces its monetary policy decision. The BOJ is generally expected to keep its short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency until the end of September due to the Covid-19 Delta variant.
The national association of Realtors reports sales of existing homes for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5%
of the 599,000 in July.
Thursday 23/09 /
Accenture, Costco Wholesale, Darden Restaurants and Nike are hosting conference calls to discuss their quarterly results.
Salesforce.com is holding its 2021 Investor Day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the attendees. Salesforce completed its $ 28 billion acquisition of Slack this summer.
The conference council publishes its leading economic index for the month of August. Economists are forecasting a 0.5% month-over-month increase, following a 0.9% increase in July. The Conference Board currently forecasts gross domestic product growth of 6% for 2021 and 4% for 2022.
Kansas City South
organizes an extraordinary shareholders’ meeting to vote on a proposed merger with
Canadian Pacific Railway
Write to Nicholas Jasinski at [email protected]