Investing.com - Financial Markets Worldwide

Danske Daily: Thin Calendar As Markets Digest G20 Statement

ByDanske Markets
Published 07/22/2013, 07:52 AM
Updated 05/14/2017, 06:45 AM

With a very thin calendar focus will be on markets digesting the statement from the G20 meeting over the weekend (see below).

US existing home sales are expected to continue to improve in June. In May the increase in existing home sales of 4.2% m/m resulted in the highest annualised rate since November 2009.

Earning reports are currently also affecting market movements. McDonald's report for Q2 is due for release today.

During the week the most interesting data releases will be global PMIs and German IFO. In the euro area we expect PMIs to continue to improve, which should reflect a move from recession to slow growth. For US Markit PMI consensus is for a small improvement. In China we expect the latest decline in HSBC manufacturing PMI to continue as slower credit growth starts to weigh on domestic demand.

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