What to Watch in the Day Ahead - Friday, August 30
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMT
Investors await the release of the U.S. personal consumption expenditures (PCE) price index, which could provide further clues on the size of the interest-rate cut at the September meeting and the pace of the easing cycle. Economists forecast the PCE price index likely rose 0.2% in July, after nudging up 0.1% in June. The PCE price index is expected to have risen 2.6% through July from a year ago, compared with 2.5% in the previous month. The core PCE price index, which excludes volatile food and energy components, is expected to gain 0.2% in July, matching June's rise. In the 12 months through July, core PCE inflation is expected to have advanced 2.7%, after a rise of 2.6% in the month before. Separately, consumer spending in July likely advanced 0.5%, compared with June's 0.3% rise. Personal income is expected to have grown 0.2% in July, the same rate as in June. Additionally, University of Michigan's final reading on the overall index of consumer sentiment for August is likely to show a reading of 68, compared with a final reading of 66.4 in July.
Canadian investors will look out for gross domestic product (GDP) figures. The country's economy likely expanded 0.1% in June, after growing 0.2% in May. For the second quarter, GDP growth is projected to be 1.6%, compared with a 1.7% advance in the previous quarter.
In Latin American economic front, Brazil's statistics agency IBGE is expected to report that unemployment rate likely increased 6.8% in July, following a 6.9% rise in June. Meanwhile, the country's primary budget deficit likely shrank to 5 billion reais in July from 40.837 billion reais in the previous month. Separately, Chile's manufacturing output data for July is scheduled for release.
LIVECHAT – REUTERS GLOBAL MARKETS FORUM
Jamie McGeever, Reuters markets columnist, will review this week's major themes and events in financial markets, and preview the week ahead. (0900/1400) To join the conversation, email us here
Compiled by Malini K; Editing by Shreya Biswas
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
