Central banks take the stage; Kroger income; Trade talks between the US and China

Central banks take the stage; Kroger income; Trade talks between the US and China

before the fair thursday
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1. Central banks take the stage: The European Central Bank, the Bank of England and the Turkish Central Bank will make political decisions on Thursday.

The ECB and the Bank of England are expected to keep rates stable, but there could be more drama in Turkey.

The Turkish lira lost 40% against the dollar this year and inflation has risen to almost 18%. But the central bank did not respond, expressing its concern that President Recep Tayyip Erdogan, who speaks out against higher interest rates, is influencing monetary policy.

The lira fell before the meeting, which is viewed by investors as an important test of central bank independence.

2. Kroger merit: America's largest food chain will report its quarterly figures in front of the bell.

Kroger (KR) has intensified its efforts to withdraw from online competition. In the past month alone, she has made attempts in China, a home delivery service and visions of a future without plastic bags.

Earlier this year, the company signed an exclusive agreement with the British online supermarket Ocado to use its technology in the United States.

Traditional retailers struggle to keep up with the changing habits of their customers. British department store John Lewis gave another example on Thursday, reporting a 99% drop in profits in the first half of the year.

3. China Trade Talks: The Trump administration has given China a new chance to talk to trade, while US officials are preparing to impose high tariffs on a large number of Chinese goods. The Chinese Ministry of Commerce said it welcomed the invitation.

President Donald Trump said last week that new tariffs on $ 200 billion of Chinese goods could "come very soon" and warned that another, even bigger wave of measures would be "ready in the short term if I wanted".

The two economic superpowers have already set tariffs of 25% to more than $ 50 billion of exports from other countries.

4. No deal Brexit planning: The British government is holding a Cabinet meeting to plan a life after Brexit and to examine the impact of uncontrolled withdrawal from the European Union.

It will then publish another series of announcements advising companies on how to prepare for a Brexit without trading, a result that companies have warned against.

The announcements contain information about mobile phone charges during travel abroad and environmental standards.

The pound was flat against the dollar.

5. Overview of the global market: US stock futures rose higher.

European markets have opened up mixed. Shares in Asia ended up with gains.

The Dow Jones Industrial Average closed 0.1% higher on Wednesday, while the S & P 500 was flat. The Nasdaq lost 0.2%.

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6. Income and Economy: Adobe Systems (ADBE) will release the result after the final chime.

The US Bureau of Labor Statistics will release its CPI report at 8:30 am ET in August.

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7. Come this week:
Thursday – Kroger announces profit, US consumer inflation report, European and British central banks report interest rate decisions
Friday – US retail sales and consumer confidence reports

CNNMoney (London) First published September 13, 2018: 4:50 ET

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