Week ahead: ECB interest rate decision; Beige Book, ZEW; Ocado; Who replaces Biden if he steps down before US election?
The focus swings back from earnings to the economy in the coming week with the Beige Book, Germany’s ZEW, plus an European Central Bank interest rate meeting.
This comes as China gears up to deliver its policy agenda in the upcoming plenum. Ocado hands in its report card for the first-half. Plus, traders are beginning to ask who replaces US President Joe Biden, if he steps down before the US election, and how does one position for this?
(AI Video Summary)
Economic indicators and earnings to watch
Today's "Week ahead" financial report with Angeline Ong includes significant economic data releases like China's gross domestic product (GDP), European retail sales, Canada's consumer price index (CPI), and the US housing reports, alongside another round of corporate earnings from major firms like Goldman Sachs, Ocado, and Netflix. Also highlighted is the upcoming European Central Bank (ECB) interest rates decision and its implications for traders.
US elections
Ong also touches on market trends and potential impacts of the forthcoming US presidential elections, with speculative discussions around Joe Biden’s candidacy. Financial traders are advised to closely monitor these developments for key strategic opportunities in various markets.
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