Following the Fed's interest rate decision the previous week, attention is likely to focus on price data and a number of speeches by Fed representatives in addition to the publication of important economic data for the United States. The smouldering trade conflict is likely to remain on investors' minds.
Dow Jones Industrial Average Index
Source: TradingView
Purchasing managers on both sides of the Atlantic in focus at the start of the week
From the perspective of the economic calendar, the first estimates for various purchasing managers will initially come into focus at the start of the week. The S&P Global index for manufacturing, services and total in the USA will be published at 14:45. The counterpart for the eurozone is expected at 10:30 am.
Some Fed representatives will have their say again and again in the current trading week - monetary policy stimulus conceivable
Following the Fed's latest meeting last Wednesday, speeches by various Fed representatives could continue to attract interest. Raphael Bostic (Atlanta/18:45) and Governor Michael Barr (20:10) are expected on Monday, John Williams (New York/13:05) on Tuesday and Neel Kashkari (Minneapolis/15:00) and Alberto Musaelm (St. Louis/15:10) on Wednesday. Investors should therefore always be prepared for monetary policy stimuli.
New orders for durable goods and GDP growth rate are likely to attract interest
New orders for durable goods will be in the spotlight on Wednesday (13:30). As this data is usually associated with higher spending, it is likely to provide an indication of the state of activity in the US economy.
The US gross domestic product growth rate on Thursday (13:30) should be of great importance. Economists expect a quarter-on-quarter increase of 2.3%, compared to 3.1% previously.
PCE core deflator for personal consumption expenditures could provide important inflation signals on Friday
Friday, meanwhile, is likely to be dominated by the publication of the so-called PCE core deflator for personal consumption expenditure (13:30). Investors are looking for important inflation signals in this context.
In the last trading week, the US Federal Reserve (Fed) repeatedly left the key interest rate unchanged at a range of 4.25 to 4.50 percent, but signaled two further interest rate cuts for the current year, each by a quarter of a percentage point.
Fed representatives Barr (17:15) and Bostic (20:30) will round off the trading week with speeches.
In the almost completed reporting season, GameStop (US36467W1099) reported on Tuesday.
GameStop
Source: TradingView
