Below are the key events that market participants should watch out for in this week:
1. FED Policy meet:
Without a doubt, the most important event that will be keenly watched across the globe as it could give further clue on the tapering plans of Federal Reserve regarding its monthly asset purchases. The outcome will be known on 22nd September
2. India Bank Loan Growth:
An indicator of credit flow in the economy, this data point is slated to release on Friday.
The value of total outstanding loans in India expanded by 6.70 percent year-on-year in the two weeks to August 27. The value of deposits in India similarly rose 9.5 percent YoY in the period ending August 27.
3. US Initial Jobless Claims as of September 18:
The number of Americans filing new claims for unemployment benefits jumped to 3,32,000 in the week ending September 11. This data point will be released on Thursday.
4. US Housing Market Index:
In the previous month this index dropped to a level of 75 as against market expectation of 80. Also, this number was the lowest since July 20. So, it looks like the US Housing Market still has some time before a sustained recovery. Will the reading bring some reprive in September? It will be known tomorrow.
5. It’s yet another IPO – Paras Defence:
This defence and space engineering company is launching its IPO on September 21. It has set the price band at Rs 165-175 per equity share and plans to raise Rs 170.77 crore. The IPO is open till September 23.
6. BoJ decision on interest rates:
The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent during its July meeting by an 8-1 vote. What will be the course of action this time around? Well, we will get to know this on Wednesday!
This is for educational purposes only.