loss August Activity Data Markets in the euro area and in the United States this week will attract investors’ attention, with the figure of second quarter US GDP,
For Ibroker Strategist Antonio Castello The most relevant expected schedules for the coming week are the PMIs for the euro area and the United States, which will be released on Monday, as well as those for other developed economies.
This expert predicts that the euro area PMI is “going to decrease significantly as the industry continues to be severely affected by inflation, particularly due to rising fuel prices and the enormous uncertainty that exists”.
As for the services sector, it has indicated that it may continue to signal expansion because “after two years of imprisonment, people really want to move out. But the next forecasts indicate that – even if they remain around the 50 mark – the PMI for services in Europe could drop significantly»
Castello believes the US PMI will fall and commented that “what is expected is that the manufacturing PMI will continue downward and possibly enter bearish territory below the 50-point – and services will improve slightly.” Maybe, but the trend is clearly downward.
GDP United States
Regarding Thursday’s revision of US GDP for the second quarter of this year -advance data indicated a decline of 0.9% – the iBroker analyst indicated that “no change in trend is expected” and activity The decline continues in the third and fourth quarters due to difficulties in the manufacturing and services sectors due to rate hikes.
Renta4 Analyzer alphonso battle has highlighted other data, such as the Richmond Manufacturing Index on Tuesday, durable goods orders and consumer confidence on Wednesday, as well as the central bankers meeting in Jackson Hole, Wyoming on August 25-27.
It has also highlighted the publication of business results in the United States with a particular focus on Nvidia, Salesforce, Snowflake, Autodesk, Dell Tech, Marvell, Dollar Tree, Dollar General, Pinduoduo, Peloton, Workdays, Macy’s, Dix Sporting Goods . and Xpeng, which will act as a consumption thermometer.
for its part, Allianz GI He spoke on Tuesday about the publication of the European Consumers and Traders Confidence (IFO Index) and he spoke on Friday about the most important data, the private consumption deflator (IFO).“PCE Deflator”), followed by the Private Consumption Inflation Index by the Federal Reserve in its rate decisions.
for its part, singular bank The publication of the minutes of the last meeting of the European Central BankData for the US real estate sector, which will be released on Thursday, and the results of Logistica’s dividend payout on Wednesday. Adolfo Dominguez Tubos Reunidos on Tuesday and the next day.