This week, market participants will be sitting on the edge of their seats in anticipation of Friday’s G20 summit, where US President Trump is scheduled to meet his Chinese counterpart Xi Jinping in order to discuss trade. The Fed is expected to be in the limelight as well. Following recent dovish remarks by several Fed members, Powell’s speech on Wednesday and the Fed minutes on Thursday may shed some light with regards to the Committee’s future plans.
Monday appears to be a relatively light day in terms of economic releases. The only one worth mentioning is the German Ifo survey for November. Both the current assessment and expectations indices are forecast to have declined somewhat, to 105.3 and 99.2 from 105.9 and 99.8 respectively, something that is likely to bring the business climate index down to 102.3 from 102.8. The case for sliding Ifo indices is supported by the ZEW survey for the month, where both the current conditions and economic sentiment indices declined as well.
That said, investors may prefer to focus on Draghi’s testimony before the European Parliament’s Economic and Monetary Affairs Committee. In recent remarks, the ECB chief acknowledged the loss in...
Tuesday is also a light day. During the Asian morning, we get New Zealand’s trade balance and BoJ’s core CPI, both for October. However, neither release is accompanied with a forecast.
Later in the day, we have the US Conference Board consumer confidence index for November, which is expected to...
Read the full financial markets weekly outlook on JFD Research.