Financial Markets: Top 5 Things to Watch This Week


◊ Financial Markets Today ◊


♦Financial Markets News ♦ Stock Market News Today ♦ … — The latest escalation in the U.S.-China trade war is likely to dominate investors’ attention this week and a fresh batch of data will give markets more insight into the economic impact of the conflict. Markets will also be watching a gathering of Western leaders at the G7 summit at a time of major divisions over trade, climate change, exchange rates, government spending, Brexit and dealings with China, Iran and Russia.

Here’s what you need to know to before start trading this week.


1- Trade tit-for-tat

TRUMP-NEWSTODAY

China said on Saturday it strongly opposes Washington’s decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the U.S. of consequences if it does not end its “wrong actions”.

The comments came after U.S. President Donald Trump announced an additional 5% duty on $550 billion in Chinese imports in the latest tit-for-tat trade war escalation by the world’s two largest economies.


Forum For Investors & Traders – For Beginning Investors, As Well As Experienced And Professional Traders.


The year-long trade war has roiled financial markets with bond markets indicating the chances of a recession are mounting.

Trump linked his spats with China and the Federal Reserve together on Friday, tweeting that the Fed is not helping with easier rate policy and asking “who is the bigger enemy” — China President Xi Jinping or Fed Chairman Jerome Powell.


2- G7 summit

G7 Summit in France

French President Emmanuel Macron is hosting the Aug. 24-26 G7 summit in Biarritz and has put climate change center-stage for the event. But on that and most other subjects, Trump is an outlier. Locked in a trade war with China, he has floated the idea of tariffs on imports from the EU and elsewhere, and his suggestion to re-admit Russia to the G7 has met with opposition from other members.


>>> Online loans up to $5,000 <<<


Macron’s new tax on U.S. tech firms has also irked Trump, who has threatened retaliation on French wine exports.

Another issue investors will watch for is whether any mention is made of fiscal stimulus, above all in Germany, something Chancellor Angela Merkel has hesitated over.


3- U.S. economic data

bond-bomb

The second reading of U.S. gross domestic product on Thursday largely contains tweaks to data already in plain view – consumer spending, business investment and inventories. An initial estimate showed the U.S. economy grew at an annual rate of 2.1% in the second quarter, slowing from 3.1% in the first three months of the year.


Start Trading Now or Try a FREE Demo Account.


Durable goods data is released on Monday and will give insights into U.S. manufacturing activity and capital spending. Thursday’s trade data will show where the deficit with China stood in July. Investors will also be able to parse reports on consumer confidence, pending home sales and the PCE price index, the Fed’s preferred inflation indicator.


4- Eurozone inflation

EUNEWSTODAY
Amid concerns that the German economy could slide into recession in the third quarter, Monday’s Ifo survey of the country’s business climate will be closely watched.

An advance reading of euro zone inflation at the end of the week is expected to underscore the need for more measures to kick-start price growth. Data since the European Central Bank last met has been dismal, and accounts of its July 25 meeting have reinforced that the bank is preparing to unleash support.


11 Realistic Ways To Make Money Online Today {2019}


A weak inflation reading will likely stir debate about the need to amend the ECB’s inflation target, in favor of a more flexible goal that would open the door to even bigger stimulus. The data might also re-ignite calls for Germany to start spending more.


5- Retail earnings

HOMEDEPORT
Investors will get another look at retail earnings this week when electronics retailer Best Buy (NYSE:BBY) and discount retailer Dollar Tree (NASDAQ:DLTR) report quarterly results.

Robust retail sales and strong retail earnings have been a bright spot for the U.S. economy this month, helping to ease fears over the risk of a recession against a background of heightened trade tensions and signs of slowing global growth.


Funding Opportunities Available for All United States Citizens


Target’s (NYSE:TGT) shares hit record highs last week after its second-quarter earnings beat estimates, but Home Depot (NYSE:HD) warned of slowing sales growth partly due to the potential impact from the upcoming batch of tariffs from the U.S.-China trade war.



Categories: News, Stock Markets

Tags: , , , , , , , , , , , , ,

9 replies

Trackbacks

  1. Financial Markets: Top 5 Things to Watch This Week via /r/economy | Chet Wang
  2. Economics & Finance’s Post | WRIGGO
  3. Tump on Trade War: China Wants To Negotiate… – Stock Market News Today
  4. Trump on Trade War: China Wants To Negotiate… – Stock Market News Today
  5. Amgen to Buy Celgene’s Otezla for $13.4 Billion in Cash – Stock Market News Today
  6. Chinese Investors Have Pulled Back Sharply From The U.S. Real Estate Market – Stock Market News Today
  7. Stock Markets – Major Indexes Extend Rally – Stock Market News Today
  8. Natural-Gas: Prices in Europe and Asia Plummet to Historic Lows – Stock Market News Today
  9. Stock Markets – Stock Rally Powers On Despite Tariff Deadline – Stock Market News Today

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: