Here
are the links to the weekly roundups, reviews and also previews of the
beginning week. Last week’s roundup-post is here.
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LAST WEEK
Stocks
Extend Winning Streak To Longest In 4 Years Despite Deluge Of Dismal Data
NEXT WEEK
Economic
Calendar – Berenberg
Global Week Ahead – BB
Fed Minutes, Japan’s
GDP, Trump Golf Suit * Cisco, Home Depot, Wal-Mart to cap Dow companies’
earnings * U.K. consumer prices will offer post-Brexit economy snapshot
EU
Week Ahead – WSJ
The
upcoming week will bring US inflation and industrial production data,
indicating whether the manufacturers continue pulling out of the slump. In the
Euro area, final inflation numbers and German ZEW expectations will be
released. Japanese Q2 GDP growth is set to show a significant slowdown compared
to the previous quarter. In the UK, July retail sales figures will be the first
hard data on the impact of Brexit vote. In terms of Nordic data, next week will
be calm.
The
FOMC minutes should reveal more information on triggers for the next rate hike.
US
regional
surveys are due to give the first indications of August activity * We expect UK
data for retail sales and house prices to show more weakness following the
Brexit vote * Chinese property prices are likely to slow from strong increases
Risk
sentiment has been supported by positive macro momentum, lower tail risks and
monetary
easing * We see more upside for now but too high earnings expectations and a
potential loss of macro momentum are looming * Bonds are still supported by QE *
EUR/USD set to be range bound in coming months before moving higher.
Productivity
Slump Dampens Outlook
Another
US rate hike is getting closer, whether it will be this year or next * US
tightening has led to increased volatility on financial markets in the past and
to a negative response of the global economy * The odds of a more positive
development this time around have improved
Sterling
Bears and Yen Bulls are Enjoying August
Dollar's
Downside Beckons in the Week Ahead