Economic calendar 18th. July 2019

Scheduled economic news and data most likely to move markets 18th July 2019

Japan – balance of trade, import & export data due

Australia – employment data due

UK – retail sales data & credit conditions survey due at: 09:30 (BST)

U.S. – initial and continuing jobless claims due at: 13:30 (BST)

Ongoing and new events

Company performance, economic and political events and especially market sentiment will always influence market movement.

I have briefly summarised some events that may actively impact markets below.

  • U.S. & China trade war – no new information since 9th July 2019 when it was indicated talks were in ‘progress’. Any hint of positive trade 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 pulls back again to close at: 27219 (17th. July 2019)
  • U.S. earnings season reporting started 15th July 2019. Banks up first.
  • Goldman Sachs Q2 profits falls.
  • JP Morgan Chase Q2 net profit up.
  • Bank of America post record first half. Bank of America view of the economy is that of ‘steady’.
  • Geopolitical tensions (U.S., Iran, UK, EU) remain over Iranian sanctions deal.
  • UK indicates it may release seized Iranian oil tanker suspected of breaking sanctions (16th. July 2019)
  • 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 U.S. 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.
  • The UK economy grew more than expected in May according to data from the Office for National Statistics but remains subdued.
  • New EU commission president elected 16th July 2019 – Ursula von de Leyen, indicated she is not adverse to extending the Brexit deadline, but only for good reason. Get out clause for UK then…again!
  • Trump: should Google be investigated over China alleged ‘links’ claim?

  • Facebook challenged by U.S. senators over cryptocurrency – concerned of past scandals and consumer data breaches. Does Facebook deserve consumer trust? Some central banks, President Trump, France finance minister and U.S. Senate unimpressed with Facebook’s crypto plan.
  • Sterling under pressure – drops to lowest level for two years 16th July 2019. Brexit ‘no-deal concerns linger.
  • UK inflation at 2% – on target (17th July 2019)
  • UK – U.S. trade deal faces issues according UK trade minister Liam Fox.
  • Oil price falls.
  • EU launches Amazon investigation into use of ‘sensitive’ information of sellers on its platform.
  • Sterling continues to slide (17th July 2019).
  • London house prices reported to be falling (17th. July 2019).
  • Hard time for banks? With low interest rates (and a possible further cut likely in July) banks profit making machine may be under more pressure to come up with the goods.
  • EU car sales report a fall.
  • Huawei remains on U.S. blacklist.
  • Foreign purchases of U.S. homes in decline. Chinese buyers desert the U.S. market.

Leave a Reply

Your email address will not be published. Required fields are marked *