A look at the week ahead
A relatively quiet start to the week gives us the opportunity to look at some of the important announcements/events coming up in the week ahead.
There are only a few announcements set for release today. These are all from Europe and include: German Ifo Business Climate, M3 Money Supply and Private Loans. FOMC Members George Evans and Robert Kaplan are due to speak in the early hours of Tuesday morning, as is RBA (Reserve Bank of Australia) Assistant Governor, Guy Debelle.
Tuesday – US Goods Trade Balance & Prelim Wholesale Inventories
Wednesday – US CB (Conference Board) Consumer Confidence. Wednesday is also the day that the UK Government finally begins Brexit negotiations with the EU.
Thursday – US Final GDP, Unemployment Claims and Crude Oil Inventories. The US GDP figure is probably the most important piece of data to be released this week.
Friday – UK Current Account & Final GDP. European CPI & Core CPI Flash Estimate
Also of interest this week is the next policy move made by Donald Trump. After the failure to get his healthcare bill passed last week, the President has mentioned that the next policy reform will be the tax system. It will be interesting to see if that begins to take shape this week or any if any details are released. This has the potential to move markets.