Friday Aug 23 2019 15:45
4 min
Welcome to your guide to the week ahead in the markets.
As markets weigh the prospect of more stimulus from global central banks, hard economic data this week will be eyed for any signs that the premise on which market expectations are based is wrong.
Friday sees the release of the flash CPI estimate for the Eurozone. Indications so far do not suggest inflation in the bloc is moving higher. The same day the Fed’s preferred inflation gauge, the core PCE measure, is released. Core CPI has been moving up lately but the PCE indicator has remained subdued.
After the G7 summit over the weekend, markets are looking to the EU and Britain for where the next move is on Brexit. MPs return on September 5th but there will be plenty of politicking going on behind closed doors before then.
With Aussie traders looking to the next RBA meeting at the start of September, this week’s download of data will be closely assessed for clues about future rate cuts. Construction work done, building approvals and capital expenditure figures are all set for release in the coming days.
After the end of the trading week on Saturday we get the latest manufacturing and services figures out of China. The key question for risk assets is whether the trade war is still biting down on Chinese expansion.
A batch of US figures are out including core durable goods (Monday), the second reading of the Q2 GDP print (Tuesday), while on Friday we get the Chicago PMI and University of Michigan consumer sentiment reports.
Earnings season is wrapping up, with just a couple of releases this week.
Aug 26th | Dollar General |
Aug 28th | Tiffany & Co |
Aug 28th | Hewlett Packard |
Aug 29th | Pernod Ricard |
Aug 29th | Best Buy |
There are plenty of things to look forward to on XRay this week. You can watch live, or subscribe to view on catch up.
07.15 GMT | Aug 27th | European Morning Call |
15.30 GMT | Aug 27th | Asset of the Day: Bullion Billions |
15.45 GMT | Aug 27th | Asset of the Day: Oil Outlook |
13.00 GMT | Aug 28th | Asset of the Day: Indices Insight |
07.00 GMT | Aug 29th | Live Trading Room |
There are a lot of dates for the diary this week, including US Core Durable Goods and Eurozone Flash CPI.
08.00 GMT | Aug 26th | German IFO Business Climate |
12.30 GMT | Aug 26th | US Core Durable Goods |
14.00 GMT | Aug 27th | US CB Consumer Confidence |
01.30 GMT | Aug 28th | Australian Construction Work Done |
14.30 GMT | Aug 28th | EIA Weekly Crude Oil Inventories |
01.00 GMT | Aug 29th | ANZ Business Confidence |
01.30 GMT | Aug 29th | Australia Private Capital Expenditure |
12.30 GMT | Aug 29th | US Q2 GDP (2nd Reading) |
09.00 GMT | Aug 30th | Eurozone Flash CPI |
12.30 GMT | Aug 30th | US PCE Inflation |