Key economic events ahead - Westpac
|Analysts at Westpac offer key events risks to be watched out for in the day ahead, as trade headlines and recession fears will continue to remain the underlying drivers amid a holiday-thinned session.
Key Quotes:
“The UK’s huge data week continues with July retail sales. Consensus is for -0.2%mth, 2.3%yr,
The US data calendar is very crowded. Most interest will be in July retail sales, the first guide to Q3 consumer spending after a very strong Q2. Consensus is 0.3%mth total, 0.4%mth for the ‘control group’ which excludes vehicles, gasoline and building materials.
Also due are July industrial production, Aug NAHB housing market sentiment survey, Jun business inventories and Jun capital flows (TIC) data, where transactions by mainland China will be of interest once again.
The Central Bank of Mexico meets and consensus is unchanged though there are a few economists calling a cut. The Norges Bank also holds a policy meeting but is unanimously expected to leave rates unchanged.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.