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Home » News » Economics » The Week Ahead » The UK, US and the Eurozone in the week ahead

The UK, US and the Eurozone in the week ahead

  • Jackson Hole Economic Symposium
  • More US inflation data
  • European Manufacturing and Services PMIs

Monday 22nd August

There’s no significant data due out today. Today’s earnings announcements include Palo Alto Networks, Pinduoduo, Victoria’s Secret and Zoom.

Tuesday 23rd August

Today we have Flash Manufacturing and Services PMIs from Australia, France, Germany, the Euro zone, the UK, and the US. We also have an update on the CBI Industrial Order Expectations from the UK, and Euro zone Consumer Confidence. From the US we have New Home Sales and the Richmond Manufacturing Index. The biggest earnings releases today include Advance Auto Parts, Dick’s Sporting Goods, Guess, Intuit,, Macy’s, Nordstrom, Toll brothers, and Urban Outfitters.

Wednesday 24th August

Today’s key data release is US Durable Goods Orders. Later, we have US Pending Home Sales and Weekly Crude Oil Inventories. Major earnings reports come from Autodesk, Nvidia, and Salesforce.

Thursday 25th August

First thing, we have German Final GDP and the ifo Business Climate survey. Then there’s the UK’s CBI Realised Sales update, and minutes from the last ECB monetary policy meeting. From the US we have preliminary GDP, the GDP Price Index, and Weekly Unemployment Claims. It’s also the first day of the Jackson Hole Economic Symposium which runs through to the weekend. This annual event is attended by central bankers, finance ministers, academics, and financial market participants from around the world. Meetings are closed to the press, but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential officials can create significant market volatility. US Federal Reserve Chair Jerome Powell will be amongst the first to speak. Key earnings reports come from Abercrombie & Fitch, Affirm Holdings, Dell, Dollar Tree, Gap, and Peloton.

Friday 26th August

Overnight we have another measure of Japanese inflation in the form of Tokyo’s Core CPI. Later that morning we have Germany’s GfK Consumer Climate. Then we have the Euro zone’s M3 Money Supply and Private Loans data. But the key release for this week is the Federal Reserve’s preferred inflation measure, Core Personal Consumption Expenditures (PCE). Last month, investors were thrown off balance when the Core PCE came in significantly higher than expected. Many investors had been hoping that the data would show that inflation had peaked. However, it jumped sharply leading to a sell-off in equities. But the downturn was brief. This was the week which saw the Federal Reserve raise rates by 75 basis points for the second month in a row, just before second quarter GDP registered contraction, indicating that the US economy is ‘technically/officially’ in recession. Investors shrugged off all this negative news to push all the US stock indices higher. Rounding off the week we have US Personal Income, Personal Spending, Wholesale Inventories, Consumer Sentiment, and Inflation Expectations, all coming against the backdrop of Jackson Hole.

David Morrison is an Analyst with Trade Nation. Trade Nation was set up with the specific remit to help customers realise their trading goals by changing the way they engage with the financial markets. As well as providing full transparency and making sure all customers get a fair deal, Trade Nation is fully regulated. This means customers can be confident they’re getting the trading experience they deserve. Visit to find out more

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