Events to Watch in 2019

A challenging 2018 has investors on edge going into the new year, making it crucial to monitor potential risk factors.

January 04, 2019

Equity markets had a rough year, with the S&P 500 posting its first negative annual return since 2008. The yield curve continued to flatten as interest rates rose higher. After climbing to a two-year high of $76 per barrel, WTI crude oil prices sharply tumbled. Still, inflation remains low and the economy continues to expand, albeit at a more modest pace as we make our way through the later stages of the business cycle. Going into 2019, there is much to watch, as we’ll likely see continued volatility due to slowing economic growth, tightening central bank policies, and rising political uncertainty. Domestically our monetary policy is still expected to be data dependent, so economic indicators will be meaningful as they come in. As geopolitical issues can have a significant impact on global markets, there will be several events to keep an eye on over the course of the year, including Brexit and elections in Europe, India, and Argentina.

ECONOMIC DATA RELEASES CENTRAL BANK MONETARY POLICY MEETINGS/ANNOUNCEMENTS GEOPOLITICAL EVENTS

1/4

U.S. Employment

1/23

BoJ

1/22

World Economic Forum

1/11

U.S. CPI

1/24

ECB

3/1

Expiration of extension for U.S. to increase tariffs on Chinese imports to 25%

1/30

2018 and 4Q18 U.S. GDP

1/30

FOMC

3/29

Brexit takes effect

2/1

U.S. Employment

2/7

BoE

3/31

Ukraine Presidential Elections

2/13

U.S. CPI

3/7

ECB

3/31

Turkish Local Elections

3/8

U.S. Employment

3/15

BoJ

4/12

World Bank and IMF Meeting

3/9

U.S. Equity Bull Market Anniversary

3/20

FOMC

TBD

Indian General Elections (April or May)

3/12

U.S. CPI

3/21

BoE

5/2

England and Northern Ireland Local Elections

4/5

U.S. Employment

4/10

ECB

5/26

European Parliamentary Elections, Belgian Elections

4/10

U.S. CPI

4/25

BoJ

TBD

OPEC Meeting (May or June)

4/26

1Q18 U.S. GDP

5/1

FOMC

6/28

G20 Summit

5/3

U.S. Employment

5/2

BoE

10/20

Greek Legislative Election

5/10

U.S. CPI

6/6

ECB

10/21

Canadian Federal Election

6/7

U.S. Employment

6/19

FOMC

10/27

Argentina General Election

6/12

U.S. CPI

6/20

BoE, BoJ

 

 

7/5

U.S. Employment

7/25

ECB

 

 

7/11

U.S. CPI

7/30

BoJ

 

 

7/26

2Q18 U.S. GDP

7/31

FOMC

 

 

8/2

U.S. Employment

8/1

BoE

 

 

8/13

U.S. CPI

9/12

ECB

 

 

9/6

U.S. Employment

9/18

FOMC

 

 

9/12

U.S. CPI

9/19

BoE, BoJ

 

 

10/4

U.S. Employment

10/24

ECB

 

 

10/10

U.S. CPI

10/30

FOMC

 

 

10/30

3Q18 U.S. GDP

10/31

BoJ

 

 

11/1

U.S. Employment

11/7

BoE

 

 

11/13

U.S. CPI

12/11

FOMC

 

 

12/6

U.S. Employment

12/12

ECB

 

 

12/11

U.S. CPI

12/19

BoE, BoJ

 

 

Source: Bureau of Labor Statistics, U.S. Federal Reserve, Bank of England, Bank of Japan, European Central Bank, Bureau of Economic Analysis.

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