Economic calendar-Top 5 This week, we await the appearance of US President Donald Trump and Federal Reserve Chairman Jerome Powell. This is the most significant event this week, with renewed uncertainty over the China-US trade agreement.
Investors are also getting updates on the health of the global economy from non-countries: Germany and Japan, as we see GDP data. From the US we see inflation data on Wednesday, retail sales and industrial production on Friday. We also hear a number of federal officials.
From China, we wait for Singles Day, one of the most important shopping days, to begin on Monday, with analysts watching for any signs of the consequences of the trade war on the world’s second-largest economy.
Economic calendar-Top 5
Here’s what you need to know to start your week:
1.Trump speaks at the New York Economic Club
Trump makes some comments as he addresses the New York Economic Club, as market hopes for the signing of the first phase of the trade deal with China rise.
Trump said on Friday that the two sides have not reached the cancellation of tariffs on each other, as China hoped. In the wake of those comments, markets returned to uncertainty about the trade war among the biggest economists, and doubts about the end of the 16-month-old war have cast a shadow over global economic growth.
Trump’s comments came a day after Chinese officials stepped out of the market to announce that the two countries had eliminated tariffs under the “first phase of the deal.”
US stock markets fell after Trump’s comments, and the dollar fell against the yen, halting the strong rally that started on the basis of trade hopes, and sent key indices to record highs.
Markets will hear Federal Reserve Chairman Jerome Powell’s testimony on economy, inflation and monetary policy as part of testimony before the US Joint Economic Committee in Congress in Washington on Wednesday and before the House Budget Committee on Thursday.
Expectations of a first return to confirm the temporary cessation of economic easing plans, after the Fed cut interest rates for the third time this year, after a number of meetings.
Market watchers could hear eight Fed officials speaking this week, including John Williams, president of the Federal Reserve in New York, who said on Friday that the US economy was well positioned and reiterated his view that interest rates were holding at appropriate levels on dealing. With risks to the economy
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