Look ahead: UK CPI; EIA crude inventories; Tullow oil; Johnson & Johnson
UK inflation data takes centre stage, with price growth expected to slow in June, bolstering the case for an August rate cut. Meanwhile, weekly EIA crude inventories put oil in the spotlight, as do earnings from UK's Tullow Oil.
Also on the ticket will be ASML earnings and Johnson & Johnson.
(AI Video Summary)
UK economic data
In today's financial "Look ahead" presented by Chris Beauchamp, significant attention is directed towards impending UK economic reports, including the consumer price index (CPI), producer price index (PPI), and retail price index (RPI), anticipated to influence a probable Bank of England (BoE) interest rate cut in August.
The British pound's recent surge against the US dollar amidst expectations of weakening consumer prices is also highlighted. In the US, a fully expected rate cut in September is discussed in light thereof second-tier data releases and implications for the dollar index.
Earnings reports
Corporate insights focus on UK energy firms and European tech, specifically ASML's performance, along with key US earnings reports from notable firms like Johnson & Johnson and United Airlines, forecasting an intensified earnings season.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa 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. See full non-independent research disclaimer and quarterly summary.
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
Prices above are subject to our website terms and agreements. Prices are indicative only
