24th July 2017 – 28th July 2017
The day will start off important mid-tier data from euro zone. First up will be Markit Manufacturing PMI which captures business conditions in the manufacturing sector. This will be followed by Markit Services PMI which is an indicator of the economic situation in the Euro Zone services sector. The Latter half of the day brings reports from USA which concentrates on business conditions in the manufacturing sector and economic situation in the United States. A bit of a quiet day in terms of data where few mid-tier reports will be released from Germany and USA. First up will be IFO Business Climate, Current Assessment and IFO Expectations which are indicators of current conditions and business expectations in Germany. By evening US will release two reports related US Housing Market. It will start with S & P/Case-Shiller Home Price Indices which examines changes in the value of the residential real estate market in 20 regions across the US. The day will end with Housing Price Index which provides an estimated value of housing market conditions. The most important day of the week as we would probably see big moves in market with investors focusing on FED Rate decision and monetary policy statement. First up will be GDP figures from UK which is a measure of the total value of all goods and services produced by the UK. This will be followed by Inflation report hearings from UK. Before the FED event it will be US New Homes Sales which is an important measure of housing market conditions in US. Then comes the all-important fed rate decision. In the previous rate decision, the Fed raised interest rates and sounded confident about the economy. But this time inflation figures are not looking that good for US. Will the FED still go ahead with a rate hike or wait till September? This will be followed by FED’s monetary policy statement where markets will be analyzing every word in the statement to understand where the Fed is heading. The day will start with Gfk Confidence Survey from euro zone which measures the level of consumer confidence in economic activity. Then the focus shifts to USA where first up will be data related US job market with the release of Initial and continuing jobless claims. The day will end with Durable Goods Orders from US which measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. The last day of the week brings us reports from euro zone on business conditions and consumer confidence in the zone. The latter half of the day will full of US reports. First up will be GDP Annualized which shows the monetary value of all the goods, services and structures produced within US in a given period of time. The final two reports will give indications on price changes on consumer goods and services and how consumers use money to spend on consumer goods in a month. Monday
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