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- Week ahead 28.08 – 01.09.2017
Week ahead 28.08 - 01.09.2017
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Loading...Last week, we saw stock market growth, with major indices being able to return some of their losses accumulated in the previous two weeks. This was mainly due to the weak performance of the US dollar, the growth in raw materials and Janet Yellen's support for the regulations, which is introduced after the financial crisis. Yellen's comments have increased speculation that a further raise of interest rates by the end of the year is quite possible. The market is now estimated to be 66%. During his speech at Jackson Hall, Mario Draghi did not commit to specific plans for monetary policy, and was more involved in his speech on it.
Next week, the most important event is again from the United States, namely Non Farm Payrolls, on Friday. Economic forecasts indicate that new jobs will be around 175,000. We expect US indices and the dollar to trade with low volumes and without strong volatility before the announcement of official data. Increased volatility in indices and dollars will be observed on Wednesday when we will receive information on ADP forecast data and on Friday after official announcement.
Economic news and events that will move markets next week
Monday:
- A holiday in the UK
- 10:15 Switzerland - Unemployment rate
- 15:30 US - Trade Balance
- 17:00 US - Fed Index of Dallas
Tuesday:
- 02:30 Japan - Unemployment rate
- 02:30 Japan - Household expenses
- 05:00 Japan - Consumer Price Index
- 09:00 Germany - GFK consumer climate
- 09:45 France - GDP
- 09:45 France - Consumer spending
- 15:30 Canada - Industrial Production Price Index
- 16:00 United States - House Price Index S&P/Case-Shiller 20 City
- 17:00 USA - Consumer Confidence
- 23:30 US - API Oil inventories
Wednesday:
- 01:45 New Zealand - Building permits
- 02:50 Japan - Retail sales
- 04:30 Australia - Building permits
- 09:00 UK - Nationwide House Price Index
- 11:00 Switzerland - ZEW Index of Economic Expectations
- 15:00 Germany - Consumer Price Index
- 15:15 USA - ADP Non-Farm Payrolls
- 15:30 USA - GDP
- 15:30 Canada - Current Account
- 17:30 USA - Oil Inventories
Thursday
- 02:50 Japan - Industrial production
- 04:00 China - Manufacturing PMI
- 04:00 New Zealand - ANZ Business Trust
- 04:30 Australia - Mortgage Loans
- 04:30 Australia - Private Sector Loans
- 08:00 Japan - Construction Orders
- 09:00 Germany - Retail sales
- 09:45 France - Consumer Price Index
- 11:00 Germany - Unemployment rates
- 11:00 Germany - Number of unemployed
- 12:00 Eurozone - Consumer Price Index
- 12:00 Eurozone - Unemployment rates
- 15:30 Canada - GDP
- 16:45 USA - PMI of Chicago
- 17:00 US - Upcoming sales of existing homes
Friday
- 02:30 Australia - AIG Index of Production
- 02:50 Japan - Capital spending
- 04:45 China - Caixin PMI Production Index
- 10:15 Switzerland - Retail sales
- 10:55 Germany - Manufacturing PMI - Preliminary
- 11:00 Eurozone - Manufacturing PMI
- 11:30 UK - Manufacturing PMI
- 15:30 USA - Non Farm Payrolls
- 15:30 USA - Unemployment rate
- 17:00 United States - Manufacturing PMI
- 17:00 US - Michigan Consumer Confidence
Jr Trader Petar Milanov
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