Scheduled economic news most likely to move markets today
China – consumer price data
UK – manufacturing, trade balance and industrial production data due at: 09:30 (BST)
UK – GDP – Gross Domestic Product figures due at: 09:30 (BST)
Germany – bond auction
U.S. Fed’s chair Powell speech due at: 13:30 (BST) – likely to move markets
Canada – Bank of Canada interest rate decision and monetary report due at: 15:00 (BST)
U.S. FOMC minutes due at: 19:00 (BST) – this report often pushes the U.S. stock markets around!
Japan – trade balance data
Ongoing and new
U.S. & China trade war – talks progress – report of communication on Tuesday 9th July 2019 but no detail. Fed July interest rate cut speculation has been dampened as better than expected U.S. job data announced last week has cast some doubt. How strong is the U.S. economy? U.S. policy affects global markets.
Geopolitical tensions (U.S. & Iran& EU) over sanctions deal. UK Brexit paralysis continues. U.K. leadership challenge ebbs on, result expected in two weeks. Italy debt and weakening economy. Potential global economic slowdown concerns linger. Japan and South Korea trade tensions reported. China reportedly made request for U.S. to unravel/cancel planned Taiwan arms deal. U.S. trade tensions with India growing. Huawei?
And latest diplomatic spat between U.S. and UK over the UK’s U.S. ambassador’s alleged leaked comments leading to President Trump’s criticism of Prime Minister May rumbles on.
Trump tweets again…