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This Week in the Markets

This Week in the Markets

Expect an action-packed week on both earnings and data front. Earnings coming from FANG stocks, like Microsoft, Google, Alphabet, and the economic events not to be missed include, the US Fed policy meeting, which while we expect no changes, should give us some hints about any changes to the asset buying programme there. In addition, we have GDP readings for the 2nd quarter from both the US and Germany and durable goods in the US.

Earnings Calendar:

Monday: Ryanair, Tesla

Tuesday: Apple, Microsoft, AMD, GOOGL

Wednesday: BAT, ITV, BARC, GSK, Deutsche, FB, Boeing

Thursday: Diageo, Anglo American. AstraZeneca, Lloyds, AMZN

Friday: CAT. Procter & Gamble. Chevron, ExxonMobil

Economic Events to Watch:

Monday

1.30pm – US durable goods orders (June): expected to climb  2.1% month over month Watch: USD pairs

3pm – US consumer confidence (July): expected to drop to 125.3. Watch: USD pairs

Wednesday

7pm – FOMC rate decision: Expect no change in rates or policy but watch for talks on asset purchase programme     Watch: US indices, USD crosses

Thursday

8.55am – German unemployment rate (July): Expect no change. Watch: EUR Pairs

1pm – German CPI (July, preliminary): forecast to climb 3.1% YoY. Watch: EUR Pairs

1.30pm – US GDP (Q2), Forecast at 8% from 6.4% prior Watch: US Markets

Friday

10am – eurozone inflation and GDP: Expected to climb 2.6% YoY, GDP Forecast to expand 1.5% from the last quarter and 12.6% from the last year. Watch: EUR Pairs