FOCUS OF THE WEEK!
Dear traders,
Next week, the world financial markets will be focused on data on consumer prices in the US, which will give a clear idea of the rate of inflation in this country and will prompt how the Fed will raise the interest rate until the end of this year.
Market players will also pay close attention to the statements of several Fed officials to get an idea of the future course of the monetary policy of the US central bank in the coming months.
At the moment, the Fed is planning two more interest rate increases before the end of this year. However, if inflation figures prove to be high, it can be confirmed by the strengthening forecasts that there will be three such increases.
On Wall Street next week, their quarterly reports will be presented by about 40 companies covered by the S&P 500 index. The quarterly report of the US is near completion.
In Europe, the markets will be focused on the Bank of England’s monetary policy decision. Most likely, the central bank of the UK will keep the interest rate unchanged due to the recent series of disappointing economic reports, which led to a sharp change in the forecasts for the actions of the Bank of England.
Market players will also turn to a monthly report on China’s trade balance, although, in all likelihood, it is still too early for this report to be affected by the recent trade conflict with the US.
Investors will also pay attention to other important events that cause fears. Among them, we can point out the ongoing negotiations between the US and China, as well as the decision of the US administration to extend the suspension of sanctions against Iran under the nuclear deal of 2015. (Investing.com)
Have a good and profitable trading week, Gentlemen!
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