Next Week Preview | Fed's September Interest Rate Decision, China's September LPR Announcement, Grocery Delivery Giant Instacart Goes Public
Next week will see a major decision from the Federal Reserve, and the market expects that there will be no interest rate hike. New stocks such as Instacart, a grocery delivery giant, and Klaviyo, a US marketing automation platform, will be listed next week. Yoojiu Yousheng Biology-B, Le Cabin Logistics, and Tu Hu-W are currently in the process of going public. Automotive Zone, General Mill, and FedEx have released their earnings reports.
Major Financial Events
Tuesday (September 19th): OECD releases Economic Outlook report.
Thursday (September 21st): Federal Reserve announces interest rate decision and economic projections summary. Fed Chair Powell holds a press conference on monetary policy.
Friday (September 22nd): Fed Governor Lisa Cook delivers a speech. Bank of Japan announces interest rate decision.
Macro Data
Monday (September 18th): US NAHB Housing Market Index for September.
Tuesday (September 19th): US August Housing Starts (Annualized) and US August Building Permits.
Wednesday (September 20th): China's 1-year/5-year LPR as of September 20th.
Thursday (September 21st): US August Existing Home Sales (Annualized), US Q2 Current Account, US Philadelphia Fed Manufacturing Index for September.
Friday (September 22nd): US Markit Manufacturing/Services PMI Flash for September.
Hong Kong and US Stock Market IPOs
No new listings in Hong Kong next week. Youzhiyou Biology-B, Le Cabin Logistics, and Tu Hu-W are currently in the subscription phase.
Several new listings in the US next week, including grocery delivery giant Instacart.
Monday (September 18th): Subscription period ends for Youzhiyou Biology-B and Le Cabin Logistics.
Tuesday (September 19th): Subscription period ends for Tu Hu-W.
Friday (September 22nd): Youzhiyou Biology-B and Le Cabin Logistics announce the results of the lottery.
Companies recently listed through the hearing process: Dongruan Xikang, Zhixing Motors, Beijing Fourth Paradigm Intelligence, Zhongxu Future, TechStar Acquisition Corporation - Z, Kanghui Biology, Tiantu Capital, Growatt, Howkingtech, Lepu Xintai Medical Technology, Ronghui Lifestyle Group, Green Tea Group, Zhongliang Baiyue Zhijia Service, Hangzhou Borui Technology, RNA Biotech Company Sirnaomics, Novo Health Technology, and more.
Hong Kong IPOs recently filed: Nai Kan Entertainment, Everest Acquisition Corporation - Z, Pan-Asia International, Zhaogang.com, Quzhi Group, SF Holdings, Shulan Medical Management, Tianjudihe, Henan Jinyuan Hydrogen Energy Technology, Dida Chuxing, UBI Choice, Leading Star (Asia), Pu'er Lancang Ancient Tea Co., Ruqi Chuxing, Ma Liang Medical, Youbao Online, China SCE Group, Weisheng Pharmaceutical, Chabaida, and more.
Hong Kong and US Earnings Reports
Tuesday (September 19th): AutoZone.
Wednesday (September 20th): General Mills, FedEx.
Market Holidays
Monday (September 18th): Tokyo Stock Exchange closed for the day.