Skip to content

What’s happening this week in the US, UK and the Eurozone?

*

This week sees investors remain focused on the US with a final Q2 GDP reading; the UK stock markets will be keeping a close eye on oil prices while there’s plenty of economic data coming in from the Eurozone. 

US: How did the US perform in Q2?

Now we are the other side of the Fed’s September rate cut, investors will turn to the latest round of US data to try and gauge whether or not the central bank were right to do what they did.

The flash manufacturing and services PMIs arrive on Monday, with the CB consumer confidence numbers on Tuesday. Thursday is the highlight, bringing with it the final Q2 GDP figure. The previous estimate came in at 2.0%, slightly lower than the initial 2.1% reading and well off the first quarter’s 3.1%. Friday, finally, sees the core and non-core durable goods orders data, alongside the core PCE price index.

How much attention is paid to the above is going to be dependent on the state of the market’s macro preoccupations. For the moment things appear to have calmed between the US and China ahead of October’s top level trade talks; however, as has been shown time and again in the last couple of years that can change on a dime.

There’s also the small matter of tensions in the Middle East, the USA’s involvement in any potential conflict, and what that means for the price of oil.

UK: FTSE100 keeping an eye on Oil Prices

Beyond more Brexit handwringing as the disputed prorogation of Parliament continues there’s not a whole lot UK-specific going on this week. The public sector net borrowing reading is revealed on Tuesday, while the CBI realised sales figure arrives on Wednesday.

The FTSE will be keeping a close eye on the price of oil, given the prominence on BP and Shell in its make-up.

UK: Stocks to watch

As for the week’s earnings calendar, Card Factory and AG Barr report on Tuesday; boohoo on Wednesday; Mitchells & Butlers on Thursday; and CVS Group on Friday.

Eurozone: The health of the economy

The real juicy Eurozone data is clustered around the first half of the week. The flash manufacturing and services PMIs for France, Germany and the region as a whole are on Monday, with the manufacturing sector currently lurking in contraction territory. There’s then the German Ifo business climate figure on Tuesday, and the country’s Gfk consumer climate number on Wednesday.

  • Visit spreadex website

This article is brought to you in association with Spreadex. All opinions expressed in this article are from the author and do not necessarily represent the opinions of The Armchair Trader. You can find out more about Spreadex products and services here, or find more articles from Connor Campbell here.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
TMX
WisdomTree
Back To Top