Next week on the financial markets looks very interesting. Not only investors will be offered fresh inside from the Federal Reserve, but also will get to see flash data on US and German growth in the Q2 2021. On top of that, 6 US mega-cap stocks will release their earnings reports for the April-June period. Be sure to watch GOLD, DE30 and US100 next week!
GOLD
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis week’s ECB meeting turned out to be as non-impactful as usual. However, next week investors will get to hear from another central bank! FOMC will announce the rate decision on Wednesday, 7:00 pm BST. Rates will remain unchanged so focus will be on asset purchases as well as central banks view on worsening pandemic situation. Any hawkish hints made by Powell during the press conference at 7:30 pm BST may have a negative impact on gold. However, Fed chair goes to great lengths not to sound too hawkish.
DE30
DE30 launched this week with a strong decline. However, the index managed to recover and is trading not far from record highs. Key report for DE30 will be released on Friday morning - flash estimate of German GDP growth in Q2 (7:00 am BST). A solid reading is expected, thanks to low base effect from a pandemic-hit Q2 2020. Flash Q2 GDP data from the United States will be released on Thursday, 1:30 pm BST.
US100
Nasdaq-100 (US100) can be expected to experience elevated volatility during GDP release as well. However, performance of this index may be determined by earnings this week. 6 US mega-cap stocks will report results next week. Tesla will report on Monday, followed by Apple, Alphabet and Microsoft on Tuesday, and by Facebook and Amazon on Wednesday and Thursday, respectively.
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.
