The results of the G7 summit will be summed up this week. Besides, the US and the Eurozone release important indicators for consumption, and the US and Germany publish their quarterly GDP. The conflict between Japan and South Korea will continue to worsen, and the Thai government will try to benefit from the global instability.
August 26. US consumption. G7 results
At 12:30 GMT, US releases July data on Core Durable Goods Orders. Last year’s report surprised the investors with an increase of 1.2% instead of the expected result of 0.2%. This time, the dynamics is unlikely to be the same, but the result may exceed the forecast of 0.2%.
Markets will react to the results of the G7 summit, which was held in France on August 24-26. World leaders discussed the global trade, escalation of the situation around Iran, Brexit, climate change and other topics.
August 27. Germany’s GDP
Germany releases its final report on the country’s Q2 GDP at 06:00 GMT. We remind you that that the preliminary report recorded has recorded a recession with a 0.1% decline in GDP. If the final result is also negative, the European currency will get under the traders’ pressure.
August 28. Tokyo VS Seoul
Japan’s decision to remove South Korea from the list of trusted trade partners will come into force. As previously reported, on 1 July Japan stopped the supply of certain chemicals, which could be illegally shipped to North Korea.
August 29. US GDP. “Star wars” department
The US releases its final report on Q2 GDP at 12:30 GMT. The preliminary data recorded an increase of 2.1% versus a forecast of 1.8%. The final result may come out in line with the current forecast of 2.0%.
The practice has proved that Donald Trump’s attacks on the Fed lead to growth in the economy, and increase the market’s confidence in further rate cuts.
The U.S. Space Command will be launched on August 29. The unit will be responsible for space operations, monitoring of ballistic missiles launches, and supervision of satellites.
August 30. EU consumption. Thailand attracts investors
The Eurozone releases its Consumer Price Index at 09:30 GMT. The July data recorded a 1% increase in inflation, but even this result was a hard one to achieve. It is not without a reason that the head of the Central Bank of Estonia, Madis Muller, has recently announced the need to stimulate the European economy. Against this background, the result may come out lower than the forecast of 1.1%.
On August 30, Thailand’s government may announce a package of measures aimed at attracting foreign companies that wish to find a “safe haven” amid the escalating tensions in the global trade.
The Thai economy showed the lowest Q2 growth rate in the last 5 years. The country government intends to facilitate the transfer of enterprises from other regions of the world.