27/08/18

Key Events In The Coming Week: Inflation And GDP



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Key Events In The Coming Week: Inflation And GDP
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Inflation (PCE) and GDP data in the US and European CPI highlight another fairly quiet week for data next week. OPEC meeting, the Nafta negotiations on Monday and comments from various European leaders and EU delegates will also be a focus throughout the week according to DB's Craig Nicol. Clearly any developments concerning the US political drama of last week will also be closely watched by markets.

The highlight of another fairly quiet week for data next week is likely to be the July PCE report in the US on Thursday. Consensus expectations is for a +0.2% mom core reading which should help to push the annual rate up one-tenth and to  the Fed's target of +2.0% yoy. Released alongside that data will be the July personal income (+0.4% mom expected) and spending (+0.4% mom expected) reports. The other potentially interesting data point in the US next week is the July advance goods trade balance reading on Tuesday which will be one of the first updates since the imposition of tariffs on China. Other data worth flagging in the US next week is the August consumer confidence print on Tuesday (a small decline in confidence expected), second reading of Q2 GDP (expected to be revised down one-tenth to +4.0% qoq) on Wednesday, and final August University of Michigan consumer sentiment survey revisions on Friday.

In Europe inflation data should also be the focus with the preliminary August CPI report due for the ....

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