Fundamental analytics

NEW WEEK'S REVIEW 22.07-28.07.2019

ECB meeting and economic statistics will be in the spotlight during the week of July 22-28

 

  1. ECB meeting

  2. A large block of statistics from Europe

  3. Data on US GDP

 

The main event of the coming week will undoubtedly be the ECB meeting where the regulator will discuss further parameters of the monetary policy. The majority of investors do not expect the regulator to change the key rate, but expect the ECB to signal possible policy changes in the future. Also, investors will closely monitor the block of economic statistics from Europe and the primary estimation of the U.S. GDP data for the 2nd quarter.

Monday, July 22

There are no important events in the economic calendar

Tuesday, July 23rd

In the United States, sales in the secondary housing market will be released

Wednesday, July 24th

In Europe, preliminary PMI data for the services and manufacturing sectors will be published, both for individual EU countries and for the EU as a whole

In the United States, sales data for new housing and preliminary information for PMI production and services sectors will be presented.

U.S. Department of Energy weekly report

Thursday, July 25th

IFO index to be announced in Germany

ECB Monetary Policy Meeting and Press Conference Mario Draghi

Data on orders for non-expendable property is expected to be published in the United States

Friday, July 26th

Initial estimates of GDP growth in the U.S. in the 2nd quarter

 

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