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- What can we expect during the next week 08.05 of May 2017
What can we expect during the next week 08.05 of May 2017
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Loading...Last week, the stock market traded without major changes, and the indices continued to trade near historic highs, against the background of better financial reports that confirmed the positive development of the US economy. The main event investors expected was the Fed's decision on the US interest rate. The percentage remained unchanged at levels of 1.00%
Instruments such as gold and Japanese yen were trading down against a backdrop of positive expectations for French elections and better economic data from the United States. On the other hand, geopolitical tensions have declined since Trump has expressed a desire to negotiate with Kim Chen Un. However, the situation remains critical and tensions can easily escalate and negatively affect markets.
Oil fell to record levels after the US posted much more oil stocks than expected. This has had a negative impact on the indices and helped to trade in a narrow range throughout the week.
Here's what to expect next week.
Undoubtedly the news number one for the week will be the result of the second round of French presidential elections. Expectations currently favor Emanuel Macron with 62% against 38% for Le Pen. Traders will follow the news closely because it is expected to have a strong impact on all crosses with the euro.
The important news to watch next week:
Monday
China's trade balance – tentative
10:30 United Kingdom - Halifax Index of Housing Prices
11:00 Eurozone - Sentix Investor Confidence
Tuesday
04:30 Australia - Retail Sales
09:00 Germany - industrial production
15:30 Canada - building permits
Wednesday
01:45 New Zealand - Retail sales via credit cards
04:30 China - Consumer Price Index
17:30 US Oil Stocks
Thursday
00:00 New Zealand - Interest Rate
01:00 New Zealand - Statement by Graeme Wheeler – RBNZ President
11:30 United Kingdom - Industrial Production
14:00 United Kingdom - Bank of England decision on the level of interest rates
14:00 United Kingdom - Bank of England decision on the size of the program for quantitative easing
14:00 United Kingdom - Bank of England report on inflation
15:30 USA - Production Price Index
Friday
09:00 Germany - GDP
15:30 USA - Consumer Price Index
15:30 United States – Retail sales
Jr Trader Petar Milanov
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