The week ahead | Calamatta Cuschieri

Keynotes from Apple

Apple's annual September product showcase is scheduled for Tuesday. The globally-broadcasted press release sees Apple CEO Tim Cook take the stage to unveil their latest products and upcoming updates to their current product line. The company is expected to release three new iPhones, which is a change from recent norms, and will see the iPhone 8 at the centre of attention throughout the event. Apple will make a statement with the iPhone 8 in design and features.

Words from the president of the European Commission

Jean-Claude Juncker is expected to deliver the annual State of the Union speech this week in a more upbeat mood than a year ago, when the 28-nation bloc was buffeted by the U.K.’s decision to leave, and anti-EU parties appeared to be on the march. In his September 13th speech to the European Parliament in Strasbourg, France, Juncker will ask EU governments to give his commission, the EU’s executive arm, the authority to begin free-trade negotiations with Australia and New Zealand.

Bank of England policy meeting

The Bank of England is expected to hold interest rates steady and make no changes to its asset purchasing program when it gathers Thursday for its September Monetary Policy Committee meeting. The fall in sterling following the U.K.'s vote to leave the European Union has pushed up the cost of imports, making goods more expensive for British consumers. However, the anticipated slowdown in the U.K. economy following Brexit leaves the bank reticent to make such moves, predicting that inflation will soon fall. The central bank is set to keep interest rates at a record low of 0.25 percent and maintain its quantitative easing (QE) program at a rate of £435 billion ($573 billion).

Disclaimer:

This article was issued by Peter Petrov, Junior Trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, view and opinions provided in this article is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.