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Fundamentals to watch out for this week

This week is quite risk heavy with important economic dockets and central bankers.

What to watch for over the coming days:

  • U.S. economic data:

After a disappointing NFP report last Friday, focus will be on the next set of data from the United States and that includes, ISM non-manufacturing PMI on Tuesday, and Beige book release on Wednesday. Fed’s Williams and Rosengren are scheduled to speak this week.

  • UK economic data:

All the three manufacturing PMI have rebounded and beat market expectations. The focus will be on the next data sets to evaluate whether these bounces are recovery or dead cat. Keep an eye for BRC shop price on Tuesday, Halifax house prices on Wednesday, Consumer inflation and trade balance data on Friday.

  • ECB, BoC, RBA and Mark Carney:

European Central Bank (ECB) will announce its monetary policy on Thursday, which is likely to be a major mover for the Euro, whereas Bank of England (BoE) governor Mark Carney would be testifying before parliament on inflation report hearings. The Reserve Bank of Australia (RBA) will announce policy decision on Tuesday and Bank of Canada will announce it on Wednesday.

  • Chinese economic data:

Chinese economic data almost always a must watch. Most vital ones would be the trade balance report and FDI on Thursday and inflation readings on Friday.

In addition to the above unscheduled Brexit commentaries would keep weighing on the market.

 

  • Market Data
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