Week Ahead-US recession fears, RBA decision, China data in focus
Aug 5 (Reuters) -Risk aversion triggered by fears of a U.S. recession, the Reserve Bank of Australia's rate decision, a moderately busy data calendar with key indicators from China, U.S. earnings reports, and speeches by Federal Reserve officials will dictate trends in financial markets this week.
The U.S. data highlights arefinal July S&P Global services and composite PMIs, ISM non-manufacturing PMI, June trade and weekly jobless claims.
Speeches by San Francisco Fed President Mary Daly, Richmond Fed President Thomas Barkin and Chicago President Austan Goolsbee will be watched for further clues on policy after Fed Chair Jerome Powell flagged a September rate cut last week and fears that the Fed is behind the curve in cutting interest rates take hold.
Japan's calendar includesfinal July services and composite PMIs, June household spending and overtime pay, current account and trade data. The Bank of Japan's summary of opinions from its July 30-31 policy meeting will be scrutinised after it surprised with ahawkish rate hike.
In Europe, final euro zoneservices and composite PMIs, June producer prices and retail sales are published. German data includes industrial orders and output, and final July CPI and HICP.
The UK has a low-key week with final July services and composite PMIs due.
China's July trade data on Thursday may show weakness in exports after manufacturers front-loaded orders in June, while imports could still reflect fragile domestic consumption.Consumer and producer price dataon Friday may continue to improve but the patchy economic recovery will maintain pressure for more stimulus. Caixin July services PMI is due Monday.
The RBA is widely expected to leave its benchmark rate at 4.35% on Tuesday, but traders will be on alert for any toning down ofits hawkish stance after data showed that Australia's core inflation unexpectedly decelerated in the last quarter. The central bank also publishes updated economic forecasts andGovernor Michelle Bullock delivers a speechon Thursday.
New Zealand hasQ2 jobs data, Labour Cost Index, and the Reserve Bank of New Zealand's survey of business inflation expectations.
In Canada, the focus will be on trade, jobs, the Ivey PMI, and the Bank of Canada's July meeting summary, when it cut rates for the second straight month.
For more click on FXBUZ
US unemployment rate: https://tmsnrt.rs/3piciFu
China's consumer confidence remains low: https://reut.rs/3WLgfo5
Krishna Kumar is a Reuters market analyst. The views expressed are his own. Editing by Sonali Desai
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
