Look Ahead 8/8/23: US, China trade updates; Abrdn, Glencore, Sixt, Lyft earnings
Watch out for trade updates from two of the world’s biggest economies and more earnings reports. Brace for the latest trade balance for July from China, where stock markets rebounded sharply in July.
(Edited Video Transcript)
World eager for US, Chinese trade updates
With Angela Barnes, IG financial analyst
Watch out for trade updates from two of the world’s biggest economies and more earnings reports. Brace for the latest trade balance for July from China. Chinese stock markets rebounded sharply in July amid the government’s pledge to boost its economy. Tuesday’s update will provide more insight on growth momentum in the country.
US trade balance on the way
The US will also release its trade balance for June. In May, the country’s trade deficit shrank as the value of imported merchandise declined to the lowest level since October 2021. The consensus is for the trade deficit to be $65.7 billion for June from $69 billion the previous month. There will also be earnings updates from Abrdn, Glencore , Sixt , Bayer, Lyft and Eli Lilly.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
