{"id":5069,"date":"2023-07-10T08:31:38","date_gmt":"2023-07-10T08:31:38","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=5069"},"modified":"2023-07-10T08:37:38","modified_gmt":"2023-07-10T08:37:38","slug":"weekly-overview-2023-07-10-2","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/it\/analytics\/weekly-overview-2023-07-10-2\/","title":{"rendered":"Week&#8217;s main events (July 10- July 14)"},"content":{"rendered":"\n<div class=\"ag-base_page ag-m-format-container\">\n    <h1 class=\"ag-base_title-page\">\n        Week&#8217;s main events (July&nbsp;10&nbsp;\u2013 July&nbsp;14)\n    <\/h1>\n    <div class=\"ag-analytics-page ag-market-overview-page\">\n      <p class=\"ag-analytics_text\">\nLast week, investors were mainly focused on the FOMC minutes and Nonfarm Payrolls data. A strong labor market report increases the likelihood of another two hikes by the US Fed. This week, the main focus of investors will be on inflation data in the United States, Germany, and China. Also, this week the Central Banks of Canada and New Zealand will meet on interest rate decisions. Analysts expect New Zealand&#8217;s Central Bank to leave rates unchanged, while the Bank of Canada may resort to another 0.25% rate hike. Investors should also keep on the start of the US earning period for the second quarter of 2023. JPMorgan Chase&nbsp;(JPM), Citigroup&nbsp;(C), and Wells Fargo&nbsp;(WFC) will report second-quarter earnings Friday. Analysts expect the results to be worse because of low earnings as well as the layoffs of thousands of employees amid the banking crisis.\n  <\/p>\n  \n\n  \n \n\n  <div class=\"ag-analytics_title\">\n    Monday, July&nbsp;10\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nOn Monday, investors&#8217; attention will be focused on the speeches of officials from the Central Banks of the United Kingdom and the United States. Also, at the beginning of the trading day, inflation data will be released in China. No surprises are expected, but volatility in Asian indices may increase.\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 China Consumer Price Index (m\/m) at&nbsp;04:30&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 China Producer Price Index (m\/m) at&nbsp;04:30&nbsp;(GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 US FOMC Member Daly Speaks at&nbsp;18:30&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 US FOMC Member Mester Speaks at&nbsp;18:00&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 US FOMC Member Bostic Speaks at&nbsp;19:00&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 UK BoE Gov Bailey Speaks at&nbsp;22:00&nbsp;(GMT+3).\n    <\/li>\n   \n    \n \n<br>\n  <div class=\"ag-analytics_title\">\n    Tuesday, July&nbsp;11\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nThe most important Tuesday release for investors will be Germany&#8217;s inflation data as well as the economic forecast from the ZEW European Institute, which is an essential indicator of the health of Europe&#8217;s economy. Analysts expect further declines as EU countries slowly slide into recession. Analysts expect a further rise in inflation in Germany. Investors should also not miss the UK labor market data.\n\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 Australia NAB Business Confidence (m\/m) at&nbsp;04:30&nbsp;(GMT+3);\n\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK Average Earnings Index (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK Claimant Count Change (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 UK Unemployment Rate (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 German Consumer Price Index (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 German ZEW Economic Sentiment (m\/m) at&nbsp;12:00&nbsp;(GMT+3);\n    <\/li>\n       <li class=\"ag-analytics_item\">\n\u2013 Eurozone ZEW Economic Sentiment (m\/m) at&nbsp;12:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US FOMC Member Bullard Speaks at&nbsp;16:00&nbsp;(GMT+3).\n    <\/li>\n     \n   \n    <\/ul>\n       \n\n  <div class=\"ag-analytics_title\">\n    Wednesday, July&nbsp;12\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nWednesday will bring various statistics for many countries. The most influential release for investors will be the inflation data in the United States. The Fed&#8217;s future decisions will depend on this data. A further decline in inflation is expected. Traders will also keep a close eye on the meetings of the Central Banks of Canada and New Zealand. Analysts expect a 0.25% rate hike from the Bank of Canada, while the RBNZ is likely to leave the rate unchanged as the economy is already in recession. Also, traders should not miss the US Crude Oil Inventories data, which significantly impacts oil prices.\n\n\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 Japan Producer Price Index (m\/m) at&nbsp;02:50&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 New Zealand RBNZ Interest Rate Decision at&nbsp;05:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 New Zealand RBNZ Rate Statement at&nbsp;05:00&nbsp;(GMT+3);\n    <\/li>\n       <li class=\"ag-analytics_item\">\n\u2013 Australia RBA Governor Lowe Speaks at&nbsp;06:10&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK BoE Financial Stability Report at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK BoE Gov Bailey Speaks at&nbsp;11:00&nbsp;(GMT+3);\n    <\/li>\n       <li class=\"ag-analytics_item\">\n\u2013 US Consumer Price Index (m\/m) at&nbsp;15:30&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US FOMC Member Kashkari Speaks at&nbsp;16:45&nbsp;(GMT+3);\n    <\/li>\n        <li class=\"ag-analytics_item\">\n\u2013 Canada BoC Interest Rate Decision at&nbsp;17:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Canada BoC Monetary Policy Report at&nbsp;17:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Crude Oil Reserves (w\/w) at&nbsp;17:30&nbsp;(GMT+3);\n    <\/li>\n       <li class=\"ag-analytics_item\">\n\u2013 Canada BoC Press Conference at&nbsp;18:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US FOMC Member Mester Speaks at&nbsp;23:00&nbsp;(GMT+3).\n    <\/li>\n  <\/ul>\n\n  <div class=\"ag-analytics_title\">\n    Thursday, July&nbsp;13\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nThe most important Thursday release for investors will be the US Producer Price Index, which displays the level of inflation between productions. Analysts expect the US PPI index to add 0.2%. Investors should also pay attention to the UK quarterly GDP data and ECB Monetary Policy Meeting Accounts.\n\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 China Trade Balance (m\/m) at&nbsp;06:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK GDP (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK Industrial Production (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK Manufacturing Production (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 UK Trade Balance (m\/m) at&nbsp;09:00&nbsp;(GMT+3);\n    <\/li>\n        <li class=\"ag-analytics_item\">\n\u2013 Eurozone Industrial Production (m\/m) at&nbsp;12:00&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 Eurozone Eurogroup Meetings at&nbsp;13:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Eurozone ECB Monetary Policy Meeting Accounts at&nbsp;14:30&nbsp;(GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 US Initial Jobless Claims (w\/w) at&nbsp;15:30&nbsp;(GMT+3);\n    <\/li>\n     <li class=\"ag-analytics_item\">\n\u2013 US Producer Price Index (m\/m) at&nbsp;15:30&nbsp;(GMT+3);\n    <\/li>\n      <li class=\"ag-analytics_item\">\n\u2013 US Natural Gas Storage (w\/w) at&nbsp;17:30&nbsp;(GMT+3).\n    <\/li>\n   \n  <\/ul>\n\n  <div class=\"ag-analytics_title\">\n    Friday, July&nbsp;14\n  <\/div>\n  <div class=\"ag-analytics_title-list\">\nFriday will be a relatively quiet day. Investors should also keep a close eye on Switzerland Producer inflation data and also US Michigan Consumer Sentiment. It&#8217;s a bank holiday in New Zealand and France.\n  <\/div>\n  <div class=\"ag-analytics_title-list__strong\">\n    Main events of the day:\n  <\/div>\n  <ul class=\"ag-analytics_list\">\n    <li class=\"ag-analytics_item\">\n\u2013 US FOMC Member Waller Speaks at&nbsp;01:45&nbsp;(GMT+3);\n\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Japan Industrial Production (m\/m) at&nbsp;07:30&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 Switzerland Producer Price Index (m\/m) at&nbsp;09:30&nbsp;(GMT+3);\n    <\/li>\n        <li class=\"ag-analytics_item\">\n\u2013 Eurozone Trade Balance (m\/m) at&nbsp;12:00&nbsp;(GMT+3);\n    <\/li>\n    <li class=\"ag-analytics_item\">\n\u2013 US Michigan Consumer Sentiment (m\/m) at&nbsp;17:00&nbsp;(GMT+3).\n    <\/li>\n      \n  <\/ul>\n\n\n        <p class=\"ag-analytics_text\">\n            by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>,\n            <span class=\"updated\">2023.07.10<\/span>\n        <\/p>\n\n        <!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\n        <\/a-->\n\n        \n        <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/it\/register\/?sl=1\">Open Account<\/a>\n    <\/ul><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (July&nbsp;10&nbsp;\u2013 July&nbsp;14) Last week, investors were mainly focused on the FOMC minutes and Nonfarm Payrolls data. A strong labor market report increases the likelihood of another two hikes by the US Fed. This week, the main focus of investors will be on inflation data in the United &#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[187],"tags":[],"class_list":["post-5069","post","type-post","status-publish","format-standard","hentry","category-analytics"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/5069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/comments?post=5069"}],"version-history":[{"count":2,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/5069\/revisions"}],"predecessor-version":[{"id":5082,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/5069\/revisions\/5082"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/media?parent=5069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/categories?post=5069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/tags?post=5069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}