The week ahead holds some significant events that have the potential to influence upcoming market trends.
The U.S
Existing Home Sales data is scheduled to be released by the National Association of Realtors on Tuesday, August 22, 2023, at 6:00 PM, GMT+4 (Dubai Time). The market expects a drop from a previous figure of 4.16M to a figure of 4.15M.
On Wednesday, August 23, 2023, at 5:45 PM, GMT+4 (Dubai Time), both Flash Manufacturing PMI and Services PMI are set to be released by S&P Global. The market expects a decline in the manufacturing sector, but a rise in the services sector.
New Homes Sales data is set to be released by the Census Bureau on Wednesday, August 23, 2023, at 6:00 PM, GMT+4 (Dubai Time). The market anticipates an increase from a previous figure of 697K to a figure of 708K.
On Thursday, August 24, 2023, the durable goods orders m/m are set to be released at 4:30 PM, GMT+4 (Dubai Time). The market anticipates a significant drop from a previous of 4.6% to a figure of -4.1%.
Fed Chairman Powell is scheduled to speak on Friday, August 25, 2023, at 6:05 PM, GMT+4 (Dubai Time).
Canada
Retail Sales m/m is scheduled to be released by Statistics Canada on Wednesday at 4:30 PM, GMT+4 (Dubai Time). The market anticipates a drop from a previous figure of 0.2% to a figure of 0.0%.
The UK
On Wednesday, August 23 2023, S&P Global is scheduled to release both Flash Manufacturing PMI and Services PMI at 12:00 PM, GMT+4 (Dubai Time). The market forecast a decline in both.
Europe
Both Flash Manufacturing PMI and Services PMI are set to be released by S&P Global on Wednesday, August 23, 2023, at 12:00 PM, GMT+4 (Dubai Time). The market forecast a rise in the manufacturing sector but foresees a drop in the services sector.
Japan
Flash Manufacturing PMI is set to be released by S&P Global on Wednesday at 4:30 AM, GMT+4 (Dubai Time). The market expects the figure to remain as is at 49.6.
New Zealand
On Wednesday, August 23, 2023, Retail Sales q/q is scheduled to be released by Statistics New Zealand at 2:45 AM, GMT+4 (Dubai Time). The market anticipates an increase from -1.4% to -0.2%.
BRICS Summit
A group of countries including Brazil, Russia, India, China, and South Africa, as well as Russian Foreign Minister Sergei Lavrov, are scheduled to meet starting Tuesday, August 22, 2023, till Thursday, August 24, 2023.
Jackson Hole Symposium
The Jackson Hole Symposium is scheduled to start taking place in Jackson Hole, Wyoming, on Thursday, August 24, 2023, till Saturday, August 26, 2023.
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