Economic calendar: Mixed sentiment at the start of the week

07:31 17 August 2020
• Trump signals pressure on Alibaba and other Chinese companies
• Second-tier US and Canada data will be released in the afternoon
 
Economic calendar is light today therefore news on Sino-U.S. relations  should have the biggest impact on market sentiment. Over the weekend President  Trump announced that he may put pressure on more Chinese companies such as technology giant Alibaba after he banned Tiktok in the US. Also United States and China have delayed a review of their Phase 1 trade deal initially slated for Saturday with no new date agreed upon.

Looking out further this week,  volatility in precious metals, the upcoming OPEC+  meeting, and virus headlines will remain among the key factors to watch out for.  Also three central bank announcements will be released this week. On Wednesday, the People's Bank of China announces its benchmark prime interest rates. Also on Wednesday, FED will releases the minutes from its last meeting, while on Thursday the European Central Bank releases minutes from its last meeting. Investors will look out for any news regarding the extent of the economic damage and how central bankers intend to support the recovery.
 
01:30  PM BST - Canada Foreign Securities Purchases. Expected 20.00B. Previous 22.41B 
01:30  PM BST  - US Empire State Manufacturing Index. Expected 14.6. Previous 17.2
03:00 PM BST - US NAHB Housing Market Index. Expected 74. Previous 72
09:00  PM BST - US TIC Long-Term Purchases. Expected 108.0B. Previous 127.0B

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