Financial markets are opening in an upbeat mood at the start of a very important week in which we will learn, among other things, interest rate decisions from the Fed, BoE and BoJ. Stock market investors will not be bored either, as they will see quarterly results from BigTechs, including from Amazon, Meta, Apple and Microsoft.
Many investors may speculate that the current week could shape sentiment for weeks to come. At the Fed decision on Wednesday, inflation is expected to be confirmed to stabilize and the first interest rate cuts are expected at the September meeting. In the Japanese market, on the other hand, investors expect the BoJ to present a detailed quantitative tightening plan after years of massive easing. Investors are also pricing in a 30% probability of a 10 basis point hike.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe central Bank of England will announce its next decision on Thursday. The BoE is currently holding interest rates at their highest level in 16 years at 5.25% since August last year, and most economists expect the start of a cycle of 25 basis point cuts at Thursday's meeting.
Detailed calendar of the week:
29 July: Monday
- 01:00 pm BST - UK, retail sales for July
- 03:30 pm BST - USA, Dallas Fed index for July
30 July: Tuesday
- 08:00 am BST - Spain, CPI inflation and GDP for Q2
- 09:00 / 11:00 am BST - Germany / Eurozone, GDP for Q2
- 10:00 am BST - Germany, CPI inflation for July
- 03:00 pm BST - USA, Conference Board index (June) / JOLTS for July
- 09:40 pm BST - USA, Change in oil inventories according to API
- 11:00 pm BST - Japan, BoJ decision
31 July: Wednesday
- 00:50 am BST - Japan, industrial production and retail sales for June
- 02:30 am BST - China, manufacturing and services PMIs for July
- 02:30 am BST - Australia, CPI inflation for Q2
- 09:00 am BST - Poland, CPI inflation for July
- 01:15 pm BST - USA, ADP report for July
- 02:45 pm BST - USA, Chicago Fed for July
- 03:30 pm BST - USA, change in oil inventories according to EIA
- 07:00 / 07:30 pm BST - USA, Fed decision/ Powell conference
1 August: Thursday
- (all day) industry PMI readings for July (Japan, China, eurozone, Canada US)
- 00:00 pm BST - UK, Bank of England decision
- 02:30 pm BST - USA, benefit claims
- 03:00 pm BST - USA, ISM manufacturing (July)
- 03:30 pm BST - USA, change in gas inventories according to EIA
2 August: Friday
- 08:30 am BST - Switzerland, CPI inflation for July
- 01:30 pm BST - USA, Non-Farm Payrolls (NFP) for July
- 03:00 pm BST - USA, Orders for June
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
