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Economic calendar: German IFO and earnings

7:29 AM 25 August 2020

  • 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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