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Chaotic August Finally Comes To An End

By Spreadex (Connor Campbell)Market OverviewAug 25, 2019 09:22
uk.investing.com/analysis/chaotic-august-finally-comes-to-an-end-200432171
Chaotic August Finally Comes To An End
By Spreadex (Connor Campbell)   |  Aug 25, 2019 09:22
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August – a month that has seen some truly wild swings – comes to an end this week with a focus on US GDP data.

US

As well as mopping up the end of the G7 meetings in France, Monday has the US dealing with the latest durable goods orders. Tuesday follows that with the CB consumer confidence numbers, before Thursday sees the biggie: the second look at the Q2 GDP data, with the advance reading previously coming in at 2.1% at the annualised rate. Friday, finally, closes out the week, and month, with the Chicago PMI, personal spending and Fed-favourite core PCE price index readings.

More important than all that data, however, will be any developments regarding the country’s overarching concerns. That includes the US-China trade war, which got nice and spicy in August, alongside the Fed’s position on a potential September rate cut, and any further signs of an impending recession.

UK

The UK really doesn’t have a lot lined up this week, seemingly taking Monday’s Bank Holiday as a cue to sit back and relax. Of course a fairly empty economic calendar doesn’t mean the month will come to a stress-free close for the FTSE and pound; the former is going to be susceptible to the wider market movements, while the latter is going to be constantly monitoring the state of play between the UK and EU.

Eurozone

Germany may be used as the measure stick for the entire Eurozone this week. The country sees the Ifo business climate figure on Monday, the final Q2 GDP reading on Tuesday, Gfk consumer climate estimates on Wednesday, import prices and inflation on Thursday, and retail sales on Friday.

Beyond Deutschland, France posts its GDP and consumer spending numbers on Thursday, while Friday sees the region-wide inflation data.

There’s also the small matter of Italy. Any political developments in the country could come to dictate European trading in the week’s quieter moments.

Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.

In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved.

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Chaotic August Finally Comes To An End
 

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Chaotic August Finally Comes To An End

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