Scheduled daily economic news and data most likely to move markets today, 24th July 2019
UK – Boris Johnson will take over at No. 10 to become the next UK Prime Minister
Japan – manufacturing and main economic index data due
Germany – manufacturing and service data due at: 08:30 BST
EU – manufacturing and service data due at: 09:00 BST
U.S. – manufacturing, service and new home sales data due at: 14:45 – 15:00 BST
Investors will be closely watching ECB monetary policy update this week. The ECB may indicate more monetary ‘loosening’ on Thursday 25th July 2019.
The Fed is also widely expected to soften its monetary policy – investors and markets anticipate an interest rate cut. The Dow is at all time highs ‘drugged up’ on this expectation!