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The most important for next week's stock markets in one post
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Loading...The seemingly calm beginning of the new week of economic news - but that should not be misleading. There are many catalysts that can easily overturn sentiment and show the direction of major indexes and currency pairs by the end of the month.
Brexit has remained among the most discussed topics in recent months (and even more), as closer to the last deadline for separation between the UK and the EU - the more confused everything seems. The latest news that worsens investor uncertainty is that UK Cabinet ministers want Theresa May to resign in May following local elections. Naturally, this is going to happen in the following way: "You sign the Brexit deal, and I promise to resign." The future of the UK economy is hanging out, with prospects still as bleak as the past year. It would be very unfortunate if the estate of Theresa May was just the whole mess. The good thing about this possible change in leadership is that with the new management, optimism may emerge that will force investors to rely on good companies that undoubtedly have the potential to rise to new record levels.
Another closely followed topic is the so-called US-China trade rhetoric and how it affects global growth. After all the negativity and fears of a slowdown in the global economy, we have already made progress and a good tone in the negotiations. At this stage, everyone must be clear that a deal will be reached. Donald Trump is known for his entrepreneurial flair and it would be extremely illogical if a businessman out of his status sign a bad deal for the world's strongest economy. And in order for there to be a truce - both sides must be satisfied, compromises will not be made here.
During the week, we expect 3 solutions for interest rates from large central banks, the first of which is on Tuesday with the Reserve Bank of Australia at 5:30 am. On Wednesday, the same decision will be made in Canada, and Europe will follow on Thursday. No one is expected to change the base rate from the three banks, but the focus will certainly fall on Mario Draghi from the ECB, with his press conference being tracked for signals of future bankers' policy and the overall state of the economy.
On Friday in the US, the latest US employment data will be published, with better than expected figures supporting the dollar, while weaker will have a negative effect. The fears that the government's closure will affect the slowdown in the US economy are real, and this Friday we will find out if this is really the case.
Monday:
02:30 Australia - Building Permits
11:30 UK - Construction PMI
Tuesday:
05:30 Australia - RBA Interest Rate Decision
11:30 UK - Services PMI
17:00 USA - New Home Sales
21:00 USA - Federal Budget Balance
Wednesday:
02:30 Australia - Gross Domestic Product
15:15 USA - ADP Nonfarm Employment Change
15:30 USA - Trade Balance
17:00 Canada - BoC Interest Rate Decision
17:30 USA - Crude Oil Inventories
Thursday:
02:30 Australia - Retail Sales
14:45 Europe - ECB Interest Rate Decision
15:30 USA - ECB Press Conference
Friday:
01:50 Japan - Gross Domestic Product
15:30 USA - Building Permits
15:30 USA - NFP
15:30 Canada - Employment Change
20:00 USA - Baker Hughes Oil Rig Count
Trader Aleksandar Kumanov Read more:
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