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Weekly Market Intro – focus on inflation and GDP data

weekly market intro

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The geopolitical tensions continue to keep the main stock markets under pressure. The stocks generally experienced a volatile week, with the indexes registering their largest one-day sales of the year on Monday, but recovering slightly to end with minimum downs.

The Sino-American trade war was in the focus of the markets. The US President Donald Trump told reporters on Friday that the US is not ready to trade with China.

Earlier, Bloomberg reported that the US is delaying the authorization of local companies to do business with Huawei.

Thus, on a weekly basis, the S&P 500 and Nasdaq were down by 0.1% each, while the blue-chip index Dow Jones is down by 0.3%.

Upcoming economics data

On Monday, August 12, will be published the data on vehicles sales in China for July, followed by the Russian preliminary GDP growth rate for Q2. During the day will be released the US World Agricultural Supply and Demand Estimates (WASDE) report and monthly budget statement for July.

On Tuesday, August 13, the markets will focus on the Japanese Producer Price Index (PPI), as well as NAB Business Confidence for July. In Europe, the investors will wait for German inflation and wholesale prices for July, inflation data in Spain and British unemployment data. The day will continue with the ZEW Economic Sentiment Index for the Eurozone, as well as inflation data for the US.

On Wednesday, August 14, will be published the export and import prices for South Korea, as well as the unemployment rate in the country. The day will continue with data on Japanese machinery orders, Australian Westpac Consumer Confidence Index, Chinese Fixed Asset Investment for July and retail sales. In France will be published the Unemployment Rate for Q2, while in Germany will be released the data on GDP Growth Rate for Q2. The day will continue with a series of data in the UK, including inflation, PPI and Retail Price Index. In the Eurozone will be published the GDP Growth Rate and employment in the second quarter. The day will end with the US balance of trade for July, as well as export/import prices.

On Thursday, August 15, Reserve Bank of Australia will release data on employment in July, while in China will be published the House Price Index for July. In Japan will be released the industrial production for June and in the UK and the US will be posted the retail sales information. The day will end with the US jobless claims data, NAHB Housing Market Index and industrial and manufacturing production.

On Friday, August 16, the investors’ focus will be turned to building and housing permits.

Upcoming earnings reports

On Monday, August 12, will be published the financial statements of AeroGrow International Inc, Sysco Corp, Barrick Gold Corp, Pacific Drilling SA, and Eyenovia Inc. The day will be busy from the pharma and biotech companies, like Atossa Genetics, Ampio Pharmaceuticals, Array Biopharma, RegeneRx Biopharmaceuticals, and Fortress Biotech.

On Tuesday, August 13, the investors will focus on the earnings report of Advance Auto Parts Inc. During the day will be released also the statements of Jeffersonville Bancorp, Biostage, eMagin Corp, and Tilray Inc.

On Wednesday, August 14, will be published the financial statements of Agilent Technologies Inc, Mylan N.V. and NetApp Inc. The focus of the markets, however, will be on the earnings of Cisco Systems and Macy’s Inc.

On Thursday, August 15, will be released the financial reports of Applied Materials Inc, NVIDIA Corporation, Tapestry Inc, as well as the retailer Walmart.

On Friday, August 16, the key event on the corporate market will be the earnings statement of Deere & Company.