Here
are the links to the weekly roundups, reviews and also previews of the
beginning week. Last week’s roundup-post is here.
Previously
on MoreLiver’s:
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on Twitter
LAST WEEK
Succinct
summation of week’s events – The Big Picture
S&P
Hits Record Highs After BoJ, GDP Disappointment
NEXT WEEK
Economic
Calendar – Berenberg
U.S.
Jobs, BOE Rates, Tesla, Rio
EU
Week Ahead – WSJ
Data
in focus as market struggles for direction
The economic calendar is fairly light in
August, and the Bank of England will be the only major central bank to meet in
August: the only question there will be the details of the pre-announced
easing. The political agenda will be much busier with the US presidential
campaign, suspense over the formation of the next Spanish government, and the
design of UK objectives before negotiations start the EU.
The
Bank of England is expected to cut interest rates by 25bp and restart its QE
programme. In the US, the ISM surveys and the jobs report are expected to
support the case for a Fed hike later this year. In China, July PMIs will give
the first indication of the state of the Chinese economy in Q3. In terms of
Nordic data, the upcoming week will be rather calm.
Crude
Prices May Ease Further, But Rebound By Year’s End * The Bank Of Japan Unveils
Modest Monetary Policy Easing * UK: Super Thursday Preview
[free
registration required]
Speculators
Sell European Currency Futures
Dollar
Hobbled; Technicals Warn of More Losses
Week Ahead – Marc
Chandler
After
this Week, Does August Matter?
US
equities are trading at all-time highs. The trend is higher, supported by
strong breadth, resilient economic data and improved corporate financials. Even
after the strong advance, longer term measures of sentiment continue to show
skepticism among investors. Together, this is a set up for higher equity prices
in the month(s) ahead.
While
the aftermath of the most recent FOMC meeting was calm-to-nonexistent the Bank
of Japan was a different story as the yen soared on the disappointments of
doves. Our focus remains on JPY as we head towards the September meeting but
also on sterling and the Antipodean dollars.