Weekly Market Outlook

The release of high-priority pieces of economic data this week starts on Wednesday, when the UK is scheduled to report its Q1 GDP figure. Later in the day, Cisco Systems will publish its earnings report, so that investors will be carefully watching to assess how the company has been affected by the global economic turmoil. On Thursday and Friday, China is releasing its industrial production and retail sales numbers respectively. We close the week with Germany posting its gross domestic product data and the US giving account of its closely observed retail sales.

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Weekly Market Outlook

The week ahead will offer markets some important economic data releases and events. On Monday, we kick off with a big number of countries releasing their May purchasing manager indices. On the next day, the RBA holds its monthly interest rate meeting. Right in the middle of the week, a long string of PMI readings will give an indication of how the services sector did last month. The Bank of England’s Thursday meeting will be Andrew Bailey’s first in the hot seat. Eventually, we get to Friday when the long-awaited US employment report will be released to give information about the payrolls change and the unemployment rate in the biggest economy in the world. 

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Weekly Market Outlook

This week is rich in key data releases in both Europe and in the US. On Wednesday, the United States will release its first quarter gross domestic product number. On the same day, there is a scheduled FED meeting, an event always carefully scrutinized by markets. The biggest EU economy, Germany, will release its unemployment data on Thursday, whereas almost three hours later in the day, the European Central Bank will hold its rate-meeting. Each of the listed economic figures and events has the potential to have a strong impact on forex and capital markets, so watch out carefully and brace for volatility!

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Weekly Market Outlook

This week is not rich in key economic and financial releases, so markets will focus on the developments on the coronavirus pandemic front and the monetary and fiscal policy response they receive. Among the more important pieces of data in the economic calendar are the March UK jobless claims on Tuesday, followed by the manufacturing and services flash PMI figures of Germany, France and the UK on Thursday. The US weekly jobless claims scheduled for the same day will provide another insight into the harsh state of the country’s labor market amid the coronavirus pandemic. On Friday, the UK is reporting its March retail sales figures.

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Weekly Market Outlook

The week ahead will bring both high-priority economic data releases and key Q1 earnings figures of bellwether companies. We are opening and closing the week with China releasing its trade balance on Tuesday and GDP figures on Friday. The systemically important US banks are reporting their earnings for the first quarter of the year on Tuesday and Wednesday. The Bank of Canada Interest rate meeting is an event that will also be followed carefully by the markets right in the middle of the week. The US jobless claims will give investors one more missing part of the April jobs report puzzle. The mining giant, Rio Tinto, is scheduled to deliver its Q1 results on Thursday.

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Weekly Market Outlook

This week is rich in economic data releases and key top-level meetings. We kick off with the German factory orders and industrial production. The Reserve Bank of Australia meets on Tuesday to decide on its next monetary steps hoping to avoid the worst outcome for the country’s economy. The Fed minutes are keenly awaited by investors who will try to judge to what extent policy makers are on the same page concerning the response to the economic derailment caused by the coronavirus pandemic. On Thursday, the UK is releasing a number of important pieces of data, including: GDP, manufacturing and industrial production, which will shed light into the current state of the economy. We close the week with the OPEC+ meeting. One of the most significant events for the next five days, it promises to determine the next major move for crude oil and for the US shale industry too.

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Weekly Market Outlook

Let us have a quick look at the week ahead, which is not rich in economic data. Tomorrow the UK is reporting the final version of the GDP for the last quarter of 2019. The US and major European economies, Germany, France and the UK, are releasing key manufacturing data on Wednesday. By far the most important figure is the US non-farm payrolls. Watch out carefully for it on Friday and adjust your trading, because it promises to cause violent swings. Last but not least, the COVID-19 developments promise to remain the main driver of financial markets around the globe.

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Weekly Market Outlook

All Week: Coronavirus

The coronavirus-induced volatility on financial markets showed no signs of abating last week. Central banks across the globe took out their heavy ammunition, resorting to multiple rate cuts, large liquidity injections and other unconventional policy measures. Monetary stimulus alone, however, is not enough to support markets. People are now keenly awaiting to see if policymakers hold onto the promised fiscal commitments to support the economies of their respective countries. Any signs of backtracking would surely result in further steep declines on financial markets. Volatility is likely to remain pretty high, as investors see the coronavirus taking its toll across the Old continent, the UK and the US. 

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Weekly Market Outlook

While reading this article, you should bear in mind that the top story to look out for this week is the unfolding of the dynamic situation surrounding the coronavirus. What you need to be looking at is not just the pace at which the virus is spreading, but also the institutional response, both on a country and on a global level. The markets will be scrutinizing the measures taken by leading countries to judge how long the pandemia could be menacing the world and what the potential impact on the global economy could be.

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Crude Oil in a Free Fall

Yesterday, 9 March 2020, is a day most crude oil traders will remember for a lifetime. After brutally gapping almost 20% lower compared to the previous week close of $41.56, US West Texas Intermediate (WTI) futures continued their early morning slide on Monday to touch $27.35, the lowest price since 12 February 2016. Similar was the case on the Brent oil market, where futures were down more than 30% in the early morning to touch $31.03, again the lowest since 12 February 2016.

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