High Impact News – Upcoming Week
As we step into another bustling week in the markets, here are some key economic indicators and data releases that you should keep an eye on:
Wednesday, August 28:
Australia: The Monthly Consumer Price Index for July is set to be announced, with expectations pinned at 3.4%, a slight decrease from the previous 3.8%. This figure will give insights into inflation trends down under.
Thursday, August 29:
Eurozone: A trio of inflation data including the Consumer Price Index (CPI) for August is expected, which is a preliminary figure but crucial for understanding the inflationary pressure within the Eurozone.
USA: Preliminary data for the Gross Domestic Product Annualized for Q2 will also be released, expected to remain steady at 2.8%. This will be a significant indicator of the overall health and trajectory of the US economy.
Friday, August 30:
Japan: Tokyo's Consumer Price Index for August will help gauge inflation levels in Japan’s capital, with a keen eye on the core CPI excluding food and energy.
Australia: Retail Sales for July are anticipated, expected to show a slight decrease in consumer spending growth to 0.2% from 0.5% the previous month.
Eurozone: More detailed inflation data will be available with the release of the Core Harmonized Index of Consumer Prices for August.
Canada: The Gross Domestic Product for Q2 will provide insights into Canada's economic performance, a key indicator for investors.
USA: Core Personal Consumption Expenditures for July will be closely watched by the Federal Reserve as a preferred gauge of inflation.
Saturday, August 31:
China: The National Bureau of Statistics will release both the Manufacturing and Non-Manufacturing PMI for August, offering a snapshot of economic activity in the manufacturing and services sectors.
These data releases are pivotal, potentially prompting volatility across various asset classes, so remember to prepare your intra-day strategies accordingly, keeping an eye on how these figures might sway market sentiment and monetary policy decisions around the globe.