Economic calendar: German IFO and earnings

Global equities extend gains
German IFO index on watch
Salesforce and Best Buy among earnings reporters

Global equities build onto yesterday's gains as moods stay supported by the US-China trade phone call. Both countries said that call was constructive and that progress is being made when it comes to Phase One trade agreement. Revised German Q2 GDP report was released at 7:00 am BST and showed a shallower recession than expected ( -9.7% QoQ vs -10.1% QoQ expected).

9:00 am BST - Germany, IFO index for August. Expected: 92.2 pts. Previous: 90.5 pts

9:00 am BST - Poland, unemployment rate for July. Expected: 6.1%. Previous: 6.1%

1:00 pm BST - Hungarian National Bank rate decision.

3:00 pm BST - US, Richmond Fed index for August. Expected: 10. Previous: 10

3:00 pm BST - US, new home sales for July. Expected: 785k. Previous: 776k

9:40 pm BST - API report on oil inventories. Expected: -1.9 mb

Noteworthy US earnings

Best Buy (BBY.US) - before market open
Hormel Foods (HRL.US) - before market open
Hewlett Packard Enterprise (HPE.US) - after market close
Salesforce.com (CRM.US) - after market close

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Economic calendar: German IFO and earnings

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