FXStreet (Guatemala) – Analysts at TD Securities explained the data del;eases that will be coming up next week for the UK and Europe.
Key Quotes:
“German Data Dump (25 & 28 Aug): There’s a rash of data out of Germany this week, including final 2015Q2 GDP (and component details), the August IFO business survey, and August CPI. The headline GDP figure was already reported last week at 0.4% q/q, but this coming week’s release will put more colour on the numbers with a breakdown of the demand components. As well on Tuesday, markets will be looking for the sub-indexes of the August IFO Business Climate Index to hold on to their July gains, which followed downward trends in prior months on turbulence in Greece. Finally on Friday, we get the August CPI reading for Germany. Markets are expecting a year-on-year gain of 0.2%, but we think the risks are tilted to the downside, and expect 0.1% y/y.”
“UK Q2 GDP (28 Aug): On Friday we also get the revised 2015Q2 UK GDP figures, along with accompanying details. We expect the data to reaffirm the 0.7% q/q print released at the end of July.”
“Norwegian Unemployment AKU (26 Aug): Norwegian un-employment has been on an upward tear since mid-2014, with the rate hitting 4.3% in May, higher than anything seen since 2005. With decelerating GDP growth now clearly showing the chill from low oil prices, we expect continued gradual gains in the unemployment rate moving forward, and this should be evident in the June figure. While a lagging indicator, this is just one more piece of evidence to reinforce our call for a further cut to the Norges Bank’s policy rate at its September meeting.”
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