Weekly Market Intro – focus on central banks monetary policy meetings | Finance and Markets

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The main Wall Street indexes ended the last week with gains after the strong reports of technology giants such as Alphabet and Intel and the better than expected growth in US gross domestic product, which pushed the S&P 500 and Nasdaq to new record highs.

S&P 500 and Nasdaq achieved stable weekly growth of 1.7% and 2.3%, respectively, while Dow Jones advanced with a minimum of 0.1%.

Although in the heart of the summer and vacation season, the new week will be busy for the markets from economic data releases, central bank meetings, and corporate earnings reports.

Upcoming economic data

On Monday, July 29, Japan will release retail sales data for June with a consensus forecast for a 0.2% growth, compared with 1.3% a month earlier. Later during the day will be released the preliminary data on inflation in Spain for July.

On Tuesday, July 30, will be released the Australian building permit data in June with forecasts for a 1% decline on a monthly basis and a growth of 0.7% last month. The Central Bank of Jana will hold a meeting on monetary policy. In Europe, the focus of the markets will be turned to the GfK’s consumer confidence index for August. The data on consumer confidence and business climate in the Eurozone will also be available. During the day will be published the data on inflation in Germany with the expectations to remain at the level of 0.3% on a monthly basis. In the US will be published a series of macro data, including consumer confidence and personal spending.

On Wednesday, July 31, the markets will focus on the Australian business climate index for July, s well as inflation in the second quarter. In Germany, the investors will watch the retail sales in June and various indicators for the labor market in the country. In the Eurozone will be published the data for inflation in July, second-quarter GDP and unemployment in June. In the United States, besides current labor market data, the key event for the day will be the Federal Reserve’s decision on a possible change in monetary policy.

On Thursday, August 1, Australia will report sales of new homes as well as business activity in the industrial sector. The PMI on Japan, China, Russia, Spain, Italy, France, Germany, the Eurozone, the United Kingdom, and the United States will also be available. The Bank of England will hold a monetary policy meeting and publish its latest report on inflation.

On Friday, August 2, the Central Bank of Japan will publish the minutes of its last meeting. During the Asian session will be published the retail sales in Australia with expected to report a growth of 0.3% MoM. In the UK, the index of construction sector managers in June will be on the focus. For the Eurozone, there will be data on retail sales in June with a consensus estimate for an increase of 0.3%. In the United States will be published a series of labor market data.

Upcoming corporate earnings

On Monday, July 29, the markets will focus on the financial statement of the French pharmaceutical company Sanofi SA, Dutch brewing firm Heineken, as well as Japanese robots manufacturer FANUC Corporation. In the US will be published the financial reports of Beyond Meat, American Homes 4 Rent, and Neurocrine Biosciences.

On Tuesday, July 30, the investors will focus on earnings of Apple Inc, Procter & Gamble Co, Mastercard Inc, Pfizer Inc, Merck Co, as well as BP plc.

On Wednesday, July 31, will be published the earnings reports of Samsung, Airbus SE, General Electric Co, QUALCOMM Inc and etc.

On Thursday, August 1, the markets will focus on the financial statements of Royal Dutch Shell and Standard Chartered. In the US, the spotlight will turn to Verizon Inc, DowDuPont, and General Motors.

On Friday, August 2, the key event for investors will be the earnings of Berkshire Hathaway.