1. U.S.-China 'Trade War' Developments In Focus
Market focus is largely attuned to the next potential steps in the tit-for-tat trade dispute between the U.S. and China after the Asian nation said Friday it was preparing retaliatory measures against U.S. tariffs, targeting $60 billion worth of U.S. goods with import duties of between 5% and 25%.
2. Earnings Season Starts To Wind Down
About 40 S&P 500 companies are due to report financial results this week, in what will be the last big wave of the second-quarter earnings season.
3. U.S. Inflation Data
Consumer prices are expected to have risen 0.2% last month and 3.0% over the prior year, according to estimates.Excluding the cost of food and fuel, core inflation is projected to climb 2.3% on a year-over-year basis.
4. China Trade Figures
The report is expected to show that the country’s trade surplus narrowed to $39.1 billion last month from $41.6 billion.Exports are forecast to have climbed 10.0% from a year earlier, while imports are expected to rise 17.0%.In addition to the trade data, the Asian nation will publish a report on foreign exchange reserves on Tuesday, followed by data on consumer and factory inflation figures on Thursday.
5. UK Preliminary GDP
The report, released by the Office for National Statistics at 0830GMT (4:30AM ET) on Friday, is forecast to reveal the economy grew 0.4% in the April-June quarter, after expanding at a 0.2% clip in the previous three-month period.On an annualized rate, the British economy is expected to grow 1.3% in the three months ended June 30, a tad faster than the 1.2% clip in the preceding quarter.The Bank of England raised interest rates last week, but signaled it was in no hurry to lift them further as Britain heads for Brexit next year with no clear plan for leaving the European Union.
Source: Investing
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