Week Ahead 31/7/23: NFP; BoE; RBA; BoJ minutes; Amazon, Apple, HSBC earnings
Central bank action, jobs data and big earnings updates from tech, banks and drugs collide. Brace for non-farm payrolls, a rate decision from the UK and Australia, and minutes from the last Bank of Japan meeting.
(Video Transcript)
Action-packed week ahead
From Japan to China to the Eurozone, we're about to get a glimpse of how these major economies are faring. Watch closely as we delve into Q2 GDP growth numbers and the Eurozone's consumer price index.
This week, there are several key events happening on the economic front, including the release of important figures from Japan, China and the Eurozone. These figures will give us an idea of how these economies are doing. For example, we will be watching closely the Q2 GDP growth numbers from the Eurozone, especially after the strong numbers we saw from the US.
We will also be paying attention to the Eurozone's consumer price index as it could affect the European Central Bank's decisions on monetary policy. Additionally, the Bank of England's interest rate decision will be closely examined, especially because central banks around the world are starting to tighten their monetary policies.
Amazon and Apple earnings in the spotlight
In terms of earnings, all eyes are on Amazon.com and Apple in the US. However, there are concerns that these stocks are already very expensive and might not meet the market's high expectations. Other major companies reporting earnings this week include BP, HSBC , QUALCOMM Inc and WPP, which will provide insights into different sectors such as energy, finance and technology. Investors will be looking for any surprises or indications of future growth.
The non-farm payrolls report from the US is another important event to watch. It gives us an idea of how the job market is doing. The previous report showed a smaller increase in jobs than expected, which raised concerns about the pace of the economic recovery. This report's impact on the bond market and volatility will be crucial. If interest rates rise significantly or volatility remains high, it could signal potential risks for the market.
Overall, this week is packed with significant economic data releases and earnings reports that will give us insights into the global economy and how companies are performing. Investors will be keeping a close eye on these events for any unexpected outcomes or indications of future trends. Will there be a rise in interest rates or market volatility? Brace yourself for a week of surprises and future trends that will shape our global economy. Don't miss out on these crucial insights!
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