The Week Ahead 31st August – 4th September 2020

The Week Ahead 31st August – 4th September 2020

Market Outlook for Today

Asian stock markets rose today after Wall Street turned in its fifth straight weekly gain and China’s manufacturing growth held steady. Both Asian markets and the US markets opened relatively higher and gained momentum in the early hours of trading, giving back some of these gains closer to the EU market opening. 

The Shanghai Composite Index SHCOMP, rose 0.5% after the Chinese statistics bureau and an industry group reported that a survey showed manufacturing grew in August at about the same rate as the previous month. 

The Nikkei 225, in Tokyo, added 1.1%, rebounding after Prime Minister Shinzo Abe’s announcement that he was resigning for health reasons triggered heavy selling on Friday. Five of Japan’s most venerable corporate names also surged after Warren Buffet’s Berkshire Hathaway Inc. took stakes of slightly more than 5% in them

Hong Kong’s Hang Seng HSI, advanced 0.5% while the Kospi 180721, in Seoul, slipped 0.46%. Australia’s S&P/ASX 200 XJO, is about flat. New Zealand NZ50GR and Jakarta JAKIDX, retreated while Singapore STI gained. 

Overview for the Week Ahead

This will be an interesting week with a full calendar of market-moving events.  Central bank activity includes RBA and BoE rate decisions. Economic data include US ISM and non-farm payroll, Canadian employment, Australia GDP, and China PMI. These events have the potential to influence the markets which means there is plenty of trading opportunities. 

Today’s High Impact Events

The times below are GMT+3.

Monday 31st August

  • 04.00  Manufacturing PMI (China) 

Potential instruments to Trade: CNY Crosses.  

Tuesday 1st September

  • 07.30 — RBA Interest Rate Decision (Australia)   

Potential instruments to Trade: AUD Crosses.  

  • 17.00 – ISM Manufacturing PMI (USA)  

Potential instruments to Trade: USD Crosses.  

Wednesday 2nd September

  • 04.30 GDP q/q (Australia) 

Potential instruments to Trade: AUD Crosses.  

  • 15.15 – ADP Nonfarm Employment Change (USA)   

Potential instruments to Trade: USD Crosses & impacts Gold movements too.  

Thursday 3rd September

  • 17.00 – BoE Governor Bailey Speech (UK)   

Potential instruments to Trade: GBP Crosses.  

  • 17.00 – ISM Non-Manufacturing PMI (USA) 

Potential instruments to Trade: USD Crosses & impacts Gold movements too.  

Friday 4th September

  • 15.30 – Employment Change (Canada)   

Potential instruments to Trade: CAD Crosses.  

  • 15.30 – Nonfarm Payrolls (US)   

Potential instruments to Trade: USD Crosses.  

  • 17.00 – Ivey PMI (Canada)   

Potential instruments to Trade: CAD Crosses.  

If you have any questions, please email our Education Centre.

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.com.

We are Errante. Trading made personal.

Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [SD038].

To find out more about Errante, visit https://errante.com/.

Начните бесплатно

Регистрация
×

Search