Every week we expect many interesting events that can shake the market.
Three polls point to UK investment letdown
Prospects that business investment in Great Britain is going to strengthen in 2018 have been dealt an early blow by three polls, and none of which indicated improvement.
The polls of lenders as well as businesses might disappoint Bank of England officials, expecting the recovering global economy will provoke a moderate strengthening of internal investment this year, even as Great Britain heads for its exit from the EU.
However, BoE Governor Mark Carney might not be surprised because he has already told that surge in business investment hasn’t appeared to be as firm as it would naturally be during an upswing worldwide.
The polls conducted for the last week backed that message.
According to Thursday's BoE Credit Conditions Survey, British lenders posted a hefty tumble in capital investment as a major demand driver for business loans for the fourth quarter.
In November the Bank of England told that it actually expected business investment to soar by 2.75% in 2018 versus 2.5% in 2017.
How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
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As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.