Weekly Market Outlook (19-23 August)

UPCOMING EVENTS: Monday: New Zealand Services PMI, Fed’s Waller, BoC’s Senior Loan Officer Survey. Tuesday: PBoC LPR, RBA Meeting Minutes, Canada CPI, Eurozone Wage Growth. Wednesday: Canada PPI, FOMC Meeting Minutes. Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, ECB Meeting Minutes, US Jobless Claims, Jackson Hole Symposium. Friday: New Zealand Retail Sales, Japan CPI, Canada Retail Sales, Fed Chair Powell, Jackson Hole…

Read more

Newsquawk Week Ahead: Jackson Hole, Fed and ECB Minutes, Canada and Japan CPI, Flash PMI

19th-23rd August 2024: Mon: US Democratic National Convention (Aug 19-22), Bank of Indonesia Announcement, New Zealand Trade Balance (Jul) Tue: US Democratic National Convention (Aug 19-22), PBoC LPR, RBA Minutes, Riksbank Announcement, CBRT Announcement, EZ Final CPI (Jul), Canadian CPI (Jul) Wed: US Democratic National Convention (Aug 19-22), FOMC Minutes, Japanese Trade Balance (Jul) Thu: US Democratic National Convention…

Read more

Biden says Gaza ceasefire deal 'is closer than three days ago'

US President Joe Biden says “we’re not there yet but we’re closer than three days ago”. I don’t think many traders are trying to predict the outcome of this but Iran seems to have backed off in its planned attack. Here is what Israeli geopolitical analyst Michael Horowitz said: US has put forth a bridging proposal that aims to…

Read more

Dow Jones climbs 100 points on Friday

Dow Jones chalked in further gains on Friday as investors sentiment climbs. Equities are on pace for one of their best weeks of the year. Consumer sentiment indicators ticked higher on Friday. The Dow Jones Industrial Average (DJIA) notched in 100 points on the high side on Friday after kicking the day off on the low side. Bids tested…

Read more