8 Important Economic Data News Market Focus This Week (11-15 Sept 2023)

<p>&nbsp;Here are some of the important economic data that will be the focus of the market throughout this week.</p><p><br /></p><p>UK Employment Data (Tuesday 2.00 PM): Before facing inflation data and the central bank meeting next week, earlier this week the market will first assess the employment sector in the UK which will be published for an initial impression of the central bank's monetary policy.</p><p><br /></p><p>UK GDP data (Wednesday 2.00 PM): UK economic growth will be observed which is also part of the indicator for the central bank to adjust monetary policy to the current level of the economy based on the reading of the data present.</p><p><br /></p><p>US Inflation Data (Wednesday 8.30 PM): Will have a big impact on currency movements, especially the USD, is the reading of the American consumer price index. Forecasts for rising inflation rates are worrying investors for the risk of uncertainty that will continue to hit the market. Speculation regarding policy by the Fed will influence the pace of the market.</p><p><br /></p><p><br /></p><p>Australian Employment Data (Thursday 9.30am): After last week's RBA meeting which saw the Aussie dollar depreciate significantly, investors will also be looking at the upcoming employment data. Job growth in August is predicted to be good, while the unemployment rate is expected to remain at 3.7%.</p><p><br /></p><p>ECB Policy Meeting (Thursday 8.15pm): An increasingly dovish signal by President Christine Lagarde has expected the latest interest rate by the ECB to remain at 4.25%. But the follow-up statement is important to note which will be an indication of the direction of further price movements, especially for the Euro.</p><p><br /></p><p>US Retail Sales Data (Thursday 8.30pm): Expected falling figures for retail sales for August will paint a gloomy picture of spending activity in the US. This can also affect inflation and also the Fed's policy-setting decisions.</p><p><br /></p><p>China Industrial Production Data (Friday 10.00 AM): As the world's second largest economy, China's industrial data is also the focus of the market. The expected increase in production for August will further restore the current market sentiment.</p><p><br /></p><p>US Consumer Confidence Data (Friday 10.00 PM): Closes trading this week and will affect the movement of the US dollar currency, this survey will measure the financial level of consumers which can give an idea of the level of spending and economic activity in the future.</p>