Summary
- US housing market data expected to improve against June
- More weakness expected from the Michigan data
- Norges Bank Deputy Director to deliver a speech
1:30 pm BST - US, Housing market data for July. Data from the US housing market has been quite disappointing as of late but one should keep in mind that further rate cuts could reverse this trend. Housing starts for July are expected to come in at 1.257 million against 1.253 million in the previous month (0.2% MoM) while building permits are seen jumping from 1.232 million in June to 1.270k in July (3.1% MoM)
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app3:00 pm BST - US, UoM consumer sentiment for August. The US retail sales print released yesterday hinted at a higher than expected spending of the US consumers, what is a good sign for the economy. However, another disappointing reading of the industrial production was also released. Preliminary Michigan indices for August will be interesting as they will show how sentiment balances amid recent de-escalation of the trade war and poor domestic data. Market consensus points to another drop from 98.4 pts to 97 pts.
Central bank speakers scheduled for today
- 12:45 pm BST - Norges Bank Deputy Director Matsen
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
