The week ahead has some scheduled events that are expected to impact the market. Jackson Hole Economic Policy Symposium, U.K. GDP and Markit PMIs are some of them. U.S. durable goods orders, as well as German IFO and ZEW surveys, will be published as well.
Monday begins quietly with the U.K. public sector net borrowing in July and continues with the German Buba monthly report. Chicago Fed national activity index for July will be released after but it is expected to be a non-event.
On Tuesday, German ZEW survey will catch traders’ interest. The survey is expected to show that the current conditions deteriorated a bit, as the respective indicator is forecasted to decrease to 85.5 in August from 86.4 before. The economic sentiment is also expected to decrease to 15.0 this month from 17.5 the previous month. The same indicator for the Euro area will probably drop as well to 34.2 versus 35.6 the prior month, according to economists’ predictions.
At 15:00, the Executive Board of the ECB, Vítor Constâncio is scheduled to speak. Traders’ will try to gauge ECB’s sentiment as the market is looking forward to ECB’s meeting on September 7th, which is likely to bring some tightening in the central bank’s monetary policy. From the U.S., the housing price index for June is coming out.
Read the full financial markets weekly outlook on JFD Research.