Weekly Market Update
23 July – Monday
- The U.S. National Association of Realtors is set to release the June Existing Home Sale figures. The figure measures the change in annual rate number of existing residential building that was sold during the previous month.
- Earnings figures are set to release by the following companies: Alphabet, Halliburton.
24 July – Tuesday
- The Eurozone is set to release data on manufacturing and service sector activity.
- Earnings figures are set to release by the following companies: AT&T, UBS, Lockheed.
25 July – Wednesday
- Pakistan holds a general election to elect the members of the National Assembly and the four Provincial Assemblies. With the ex-Prime Minister jailed and disqualified after a graft conviction, the race is between former cricket star Imran Khan’s Movement for Justice, Shehbaz Sharif of the Pakistan Muslim League, and Bilawal Bhutto Zardari of the Pakistan People’s Party.
- President of the European Commission, Jean-Claude Juncker, is to travel to Washington to meet with President Donald Trump on 25 July. The meeting comes as trade relations between the EU and the U.S. becomes tense due to U.S. tariffs on steel and aluminium and Trump’s Threat of potential tariffs on European cars.
- Earnings figures are set to release by the following companies: Facebook Inc, Advanced Micro Devices, Qualcomm, Deutsche Bank, Visa, Boeing.
26 July – Thursday
- The European Central Bank is set to announce their interest rate decision. The current benchmark refinancing rate is at 0%.
- NAFTA renegotiation process is set to move forward. Mexican President-elect, Andres Manuel Lopez, set U.S. President Donald Trump a letter calling for a swift conclusion to NAFTA negotiations and pledging his wish to reset relations between the two countries.
- Earnings figures are set to release by the following companies: Amazon.com, Intel, Nomura, Shell.
27 July – Friday
- U.S. Gross Domestic Product figure is set to release by the U.S. Bureau of Economic Analysis. Economists predict the GDP in the second quarter will increase by about 4% at an annualised rate.
- Earnings figures are set to release by the following companies: Twitter, Nissan.
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