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Wednesday, September 23, 2020

C-Suite Advisory

Events On The Economic Calendar To Look Forward To in The Latter Part Of 2019

The financial world is constantly moving, with events taking place each day that disrupt everything from currency prices, to how everyday consumers utilize and manage their money.

Each of these events plays a part in forming the financial markets as we know them, however, so it’s essential to keep up to date with what’s coming up and when to prepare for upcoming changes.

Without preparation, businesses can struggle throughout the bigger financial changes throughout the year, and in some cases, miss vital investment opportunities. With the help of a What Is FinTech guide, businessmen and women can make more informed and intelligent decisions regarding investments, their financial activity and how best to respond to changing fiscal policies as a result of key economic events throughout the year.

The Upcoming Tech IPOs:

Each year, a number of leading companies open up their business to an Initial Public Offering (IPO). This is essentially the launch of business on the stock market, in which the business moves from being a private company to a public one. This year, there are sex major brands launching IPOs this year, including Airbnb and th We Company:

  1. Airbnb.
    Airbnb has also been relatively quiet about their IPO, they have confirmed that they are ready to launch at any given moment. For this reason, anyone hoping to invest or purchase shares should keep an eye on the markets in the meantime.
  2. The We Company.
    The We Company, better known as WeWork, is another company that hasn’t released an official date for their IPO launch just yet but are expected to go public later on this year. Valued at around $47 billion, their decision to launch the IPO has been a controversial one, so it’ll be interesting to see just how it plays out.
  3. Cloudflare.
    Cloudflare, one of the companies that ensures that websites run smoothly on the internet, has filed for its initial public offering.
  4. SmileDirectClub.
    Founded in 2014, SmileDirectClub, a medtech platform that was founded on the philosophy that “everyone deserves a smile” is headed for the public markets soon.
  5. Ping Identity.
    Ping Identity, a company whose software enables corporate workers to easily log in to many applications, has filed to go public.
  6. Datadog.
    Datadog, best known for its work in monitoring and analytics services for developers and IT operation teams, has filed to raise $100 million in an IPO, although the final figure may differ. The New York City-based tech firm’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide, what it says, is unified real-time observability of customers’ entire technology stack.

The End Of The U.S Fiscal Year: As the end of the U.S Fiscal Year sits on the horizon, the world is already sitting nervously on the edge of their seats, wondering just how rough the budget period will be. According to the Mueller Report findings, the budget process this year is set to be quite the battleground, seeing the branches of the U.S government divided over just where the fiscal property should go. With the addition of the expiry of the agreement to relax caps on defense and non-defense discretionary spending and the highly volatile political climate, we could see a government shutdown on the horizon.

Brexit – Estimated, October 2019: For those living in the UK or Europe, it feels like an eternity since Brexit made any sense – if it ever did. With the political unrest surrounding the recent election, calls for a second referendum and the threat of a no-deal Brexit looming over both the UK and the EU, the potential effect it could all have on the UK’s financial position is difficult to predict. While Leaders in Brussels have claimed they may be willing to work with the new Prime Minister (PM), there have also been statements claiming that no other deal except ex-PM Theresa May’s previously negotiated one will be available.

This level of uncertainty has been enough to plummet the GBP in recent weeks, and while it has proven to be both rising and falling, the volatility is concerning for many of those tradings in the Forex market.

Meetings 

  • ECB: The European Central Bank meets every six weeks to discuss key monetary policies. This includes existing policies that need amendments, and potential new policies designed to improve the financial markets and improve security and experience. The next monetary policy meeting will take place on 12th September 2019, where any decisions will be announced through a press release on the day of the meeting. For traders, in particular, these meetings work to set interest rates across the entire Eurozone, so the announcements are important to pay attention to. 
  • Bank Of England: The Bank Of England has just held a meeting, but are due to hold another on the 19th September 2019. The most recent MPC announcement as a result of the meeting saw a base rate of interest held at 0.75%, setting the country-wide standard. The next meeting could change this and so for any trader, investor or borrower, it’s important to watch for the announcement in mid-September.
  • Federal Reserve: In a similar manner to the ECB, the Federal Reserve meeting determines a set rate for the country, though this is in reference to the federal funds rate. The next meeting and announcement will be on the 17-18 September, in which any changes will be immediately announced, determining the interest rates across the country.
  • Bank Of Japan: The Bank Of Japan’s meetings work in a similar way to those above – the meeting takes place regularly to determine country-wide interest rates and any other potential policy changes. The aim of the board is to help achieve price stability in Japan, reaching a 2% year on year increase in the Consumer Price Index (CPI). 
  • OPEC: The Organisation of the Petroleum Exporting Countries (OPEC) meet regularly to determine production quotas for the reserves of crude oil. In 2017 alone, the organization supplied approximately 37% of all of the world’s oil, and its decisions can drastically affect the supply and price of the petrol and oil that each country receives. For this reason, any meeting has the potential to change fuel prices and even demand in the energy markets.

Non-Farm Payrolls Report

This report is essentially a monthly report that showcases the data of 80% of the US workforce employed in manufacturing, construction, and goods. This doesn’t include farmworkers, as the name suggests, but does provide the globe with an insight into just how the US economy is performing. The next release is set to take place on Friday 6th September and will provide those in the financial markets with a clearer idea of the health of the U.S economy at any one time.

There are plenty of financial events taking place throughout the remainder of 2019, however, these are some of the biggest that are worth paying attention to in the coming months. Pay attention to the announcements and adjust your monetary activity accordingly to make the most of the financial market.


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Mindy Wright

Mindy Wright

Deputy Commissioning Editor
Mindy Wright is CEOWORLD magazine's Deputy Commissioning Editor, and leads global newsroom coverage and management. She oversees and coordinates coverage of the news and ideas in partnership with writers across the continent. She has reported from more than 15 countries across Asia, Europe, Africa and the Americas. She has advised CEOs, investors, boards, and high-profile industry leaders on a wide range of issues impacting the global business landscape. She can be reached on email mindy-wright@ceoworld.biz. You can follow her on Twitter at @ceoworld.