Detailed Overview of Economic Events and Corporate Reporting on September 17, 2025: FOMC Meeting, CPI Data in the UK, Eurozone, and Russia, Bank of Canada Decision, General Mills Report, and Stock Market Impact.
What Investors Need to Know Today
Wednesday brings a mix of key macro indicators and targeted corporate releases. The focal points include the FOMC interest rate meeting, inflation (CPI) data from the UK, Eurozone, and Russia, the Bank of Canada's decision, as well as weekly oil inventories from the EIA. The geopolitical agenda is supplemented by news from the European Union, the U.S., China, and the UK, while Kazan Digital Week kicks off in Russia. Volatility is likely to increase as the evening progresses — plan your entry/exit levels and risk limits in advance.
Day’s Calendar (Times in MSK)
- 09:00 — UK: CPI (August)
- 10:30 — Speech by ECB President Christine Lagarde
- 12:00 — Eurozone: CPI (August, final estimate)
- 15:30 — U.S.: Housing Starts (August)
- 16:45 — Canada: Bank of Canada interest rate decision
- 17:30 — U.S.: EIA oil and petroleum product inventories
- 17:30 — Canada: Regulator press conference
- 19:00 — Russia: CPI
- 21:00 — U.S.: FOMC interest rate decision
- 21:30 — U.S.: FOMC press conference
Geopolitics and International Agenda
- The European Union is preparing its 19th sanctions package against Russia.
- The U.S. and China are concluding a round of trade talks in Spain (September 14–17).
- The UK is hosting a delegation of American businesses; meetings continue from September 16-18.
- An embassy roundtable is taking place in Moscow with the participation of the Russian Foreign Minister and heads of diplomatic missions from over 100 countries.
- Kazan Digital Week Forum is launching (Day 1): IT, AI, industrial digitization.
Conclusion: Geopolitical headlines can briefly impact currencies and commodities; strategic positions should be built on macro indicators rather than noise-driven news.
Monetary Policy: U.S. Federal Reserve and Bank of Canada
The evening decisions from North American regulators will set the direction for bond yields, the dollar exchange rate, and risk appetite. For interest-sensitive stocks (real estate, automotive sector, long-duration technology), both the size of the change and the rhetoric regarding the future trajectory will be important. Pay attention to the “dot plot” and assessments of inflation and the labor market; hints at the pace and depth of any potential easing/pause will be critical during the press conference.
Inflation: UK, Eurozone, Russia
- UK (CPI): Influences pound dynamics and expectations for the Bank of England. Core inflation and service components are vital.
- Eurozone (CPI): The final estimate will confirm or adjust the trajectory of price pressure; the market will assess room for a softer ECB line.
- Russia (CPI): The release is important for expectations regarding the Central Bank of Russia's key rate and OFZ yields; pay attention to food and non-food products.
Practical focus: A slowdown in inflation generally supports long-term bonds and a defensive consumer sector; acceleration strengthens the share of “hard currencies” and short durations.
Oil Market: EIA Report and Energy Sector
The report on oil and petroleum product inventories traditionally affects the volatility of Brent/WTI and the share prices of oil and gas companies. A decrease in commercial inventories supports prices and the stocks of producers/service companies; an increase puts pressure on the commodity complex and refiners’ margins. Additional signals include U.S. production dynamics and exports/imports.
U.S. (S&P 500): Key Corporate Reports of the Day
- General Mills (GIS) — report prior to market opening. Focus: volumes vs. price increases, demand elasticity, gross margin, comments on costs (grains, logistics), free cash flow trajectory, and distribution policy (dividends, buybacks). The staples sector may respond synchronously.
In the week ahead, the American market has a limited number of major reports; thus, macro factors (interest rates, inflation) dominate the corporate agenda.
Europe, Asia, and Canada: Corporate Agenda
The Euro Stoxx 50 and Nikkei 225 indices have few significant releases on this date; macro factors set the tone. Among other public companies attracting investor attention:
- Cracker Barrel (CBRL, USA) — after-market release; a consumer spending indicator outside the home.
- Manchester United (MANU, UK/USA) — corporate updates/reporting; interest in revenue from transfers, media rights, and commercial agreements.
- Innate Pharma (IPHA, France) — biotech; key comments on clinical programs and partnerships.
- Sangoma (Canada) — ICT solutions; metrics on ARR, margin, and customer retention.
- QuantaSing (QSG, China/USA) — online education; dynamics of the paying base and unit economics.
For European and Asian markets today, CPI/ECB rhetoric and global rates take precedence; corporate releases are secondary and targeted.
Risks and Scenarios of the Day
- Dovish Fed Shift: A cut/soft rhetoric will lead to a rise in “long” stocks, lower UST yields, and support for EM assets and gold.
- Hawkish Surprise from the Fed: Maintaining rates and/or harsh comments will strengthen the dollar and pressure the tech sector and commodities.
- Inflation Data Above Expectations: Increased volatility in European markets, raising short-term rate expectations.
- Geopolitical News: Headlines regarding sanctions/negotiations may cause short-term spikes in currency and oil.
Day's Summary: What Investors Should Pay Attention To
- The FOMC decision and the tone of the press conference will be the main drivers of cross-asset dynamics.
- UK and Eurozone CPI will signal the trajectory for the ECB and Bank of England; Russia’s CPI will provide guidance on further steps from the Bank of Russia.
- The EIA report provides short-term direction for Brent/WTI and the oil and gas sector stocks.
- General Mills serves as an indicator of consumer demand resilience and pricing power in staples.
- Risk discipline: ahead of evening releases, reduce leverage, use stop orders, and set allowances for drawdowns.
Overall strategy: await evening signals from the Fed, keep the portfolio diversified, and use intraday movements for targeted additions to quality assets with a long horizon.
