Investing.com - Financial Markets Worldwide

Wednesday's Market Outlook

ByDanske Markets
Published 09/04/2013, 07:04 AM
Updated 05/14/2017, 06:45 AM
Market Movers

We expect no change to the final euro area service PMI, but look for some upside surprise in service PMI for Spain and Italy compared with consensus expectations.

In terms of the second release of euro area GDP for Q2, it will be interesting to see the underlying components showing us to what extent growth was driven by domestic or foreign demand. We will also get data for July euro area retail sales.

In the US, the trade deficit is expected to widen again after a significant narrowing in June. Monthly trade data are usually volatile and we expect some of the large gain in exports and drop in imports to be reversed in July.

ECB's Asmussen will give a speech this morning ahead of the ECB meeting tomorrow. Asmussen attracted some attention last week, when he said that there could be a "potential policy decision" this week. He might be asked to elaborate on that statement if he takes questions following his speech.

In the US, Fed's Williams (non voter) will hold a speech on the economy and monetary policy tonight. Further, the Fed will release its Beige Book which will provide information about the state of the economy in the 12 US Federal Reserve Districts.

Finally, we expect Bank of Canada to leave its overnight target rate at 1.0% - any changes to the BoC's long-standing tightening bias would be a surprise.

To Read the Entire Report Please Click on the pdf File Below.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.