Scheduled economic news and data most likely to move markets 16th July 2019
Australia – Reserve Bank of Australia meeting minutes
UK – employment and wage data due at: 09:30 (BST
Germany – economic sentiment survey due at: 10:00 (BST)
UK – Bank of England Carney speech due at: 13:00 (BST)
U.S. – retail sales data and import/export data due at: 13:30 (BST)
U.S. – industrial production data due at: 14:15 (BST)
U.S. – Fed chair Powel speech due at: 18:00 (BST)
Note: Items highlighted in red suggest greater stock market movement more likely.
Ongoing and new
U.S. & China trade war – no new information since 9th July 2019 when it was indicated talks were in ‘progress’. Any hint of positive news is likely to send an already ‘high’ U.S. stock market even higher!
Fed interest rate cut speculation continues to push markets up to record all time highs!
Dow sets new record high of 27359
U.S. earnings season reporting starts 15th July 2019
Geopolitical tensions (U.S., Iran, UK, EU) over Iranian sanctions deal.
UK indicates it may release seized Iranian oil tanker suspected of breaking sanctions.
UK Brexit paralysis continues. U.K. leadership challenge ebbs on, result expected week commencing 22nd July 2019
Italy debt and weakening economy.
Potential global economic slowdown concerns linger even with a high stock market.
Japan and South Korea trade tensions continue.
China – U.S. – concerns over Taiwan arms deal. China indicating it may impose sanctions on U.S. over deal.
U.S. trade tensions with India growing.
Huawei?
The UK economy grew more than expected in May according to data from the Office for National Statistics but remains subdued.
UK job and wage data due today, 16th July 2019
More Trump tweets…