Scheduled daily economic news and data most likely to move markets today, 25th July 2019
UK – Boris Johnson will chair his first cabinet meeting as Prime Minister
Japan – foreign investment data due
Germany – business data analysis due at: 09:00 BST
EU – ECB interest rate decision due at: 12:45 BST
U.S. – Initial jobless claims data due at: 13:30 BST
U.S. – goods trade balance, durable goods (non defence) data/orders for June due at: 13:30 BST
EU – ECB monetary policy statement and press conference due at: 13:30 BST
Items highlighted red will move markets today 25th July 2019
Note
Investors will be closely watching ECB monetary policy update today. 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 S&P 500 and NSADAQ indices are at all time highs, followed closely by The Dow Jones. The Fed meet on 30th & 31st July 2019.
U.S. is preparing a delegation to visit China from Monday 29th July to resume stalled trade talks.
U.S. earnings reported better than expected results.
If we combine all these wonderful investor gifts together, we could see the markets ‘pop’ if they all pass the line at the same time. Stock markets, in particular the U.S., are already running on retro rocket fuel. So let’s add a bit more shall we and watch the go into orbit…? I don’t think that will be necessary.
My view, I’m not so sure central banks need to keep up this level of economic hand holding. They have to allow the ‘baby’ to grow up some time soon, after all its been nearly 11 years since the financial crash and banks and the financial system was at fault then!
I think its time!