Weekly Outlook: Aug 28 – Sep 01; U.S. GDP & NFP, E.U. CPI & Markit PMIs Ahead

The week ahead starts quiet, though after the middle of the week a lot of economic indicators will distract the market. U.S. NFP report is expected on Friday, as well as U.S. GDP estimate for Q2 on Wednesday. Thursday will bring Eurozone’s CPI estimate for August and unemployment rate for July while Friday is a Markit day.
Monday’s economic calendar is very quiet. In the U.K., there is a summer bank holiday, while in the U.S., flash wholesale inventories and goods trade balance for July will be published.
Tuesday is also a calm day in term of economic indicators. Early in the morning, the German Gfk consumer confidence survey for September is coming out. Then, the U.K. nationwide housing prices for August will be released. From the U.S., S&P/Case-Shiller home price indices for June will be announced, while the CB consumer confidence for August is expected to slow down to 120 versus 121.1 before.
In the middle of the week, the industrial confidence, as well as, the services sentiment and the consumer confidence, for the Euro area in August, will be published at the same time. The sentiment in the services sector is forecasted to slow down to 13.8 in August from 14.1 before. The industrial confidence is anticipated to pick up to 4.9 from 4.5 the prior month while the consumer confidence and the economic sentiment indicator are estimated to remain unchanged at -1.5 and 111.2 respectively.

Read the full financial markets weekly outlook on JFD Research.

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