Powered By

Breaking News

Investors to track key U.S. data for signs of improvement next week

Publish Date12/08/2012 01:23:07 PM

Last Update12/08/2012 06:28:32 PM

Investors to track key U.S. data for signs of improvement next week

The world`s largest economy is preparing for a full-packed week, covering almost the latest releases from inflation to manufacturing growth and labor markets.

Next week releases will kick off Tuesday, with the Commerce Department`s producer price data at 08:30 EST probably showing wholesale prices in the U.S. eased further in July.

Annual growth in PPI inflation is expected to ease at 0.5 percent rate in July, down from 0.7 percent a month ago, with the less volatile Core CPI slightly down at 2.3 percent from 2.6 percent.

Also at 08:30 EST, another report from the Commerce Department may show that sales at U.S. retailers rose slight in July, following three straight monthly declines.

CPI inflation will follow up next Wednesday, showing that cost of living in the U.S. have likely eased to 1.5 percent, from 1.7 percent in June, with Core CPI steady at 2.20 percent.

On the manufacturing front, the Federal Reserve Bank of New York will report this month`s Empire manufacturing gauge with a little changed reading probably at 7.2 from 7.39.

Industrial production in the U.S. is expected to rise 0.5 percent in July, from 0.4 percent in June, with capacity utilization slightly higher at 79.20 percent from 78.90 percent.

As for labor and housing markets on Thursday, first applications for U.S. unemployment benefits could have risen 5 thousand in the August 11 week, to 365 thousand from 361 thousand.

Moreover, homebuilders in the U.S. probably started houses at slower rate in July, with housing starts at 752 thousand from 760 thousand a month ago.

Building permits, a proxy for future construction in the next three to six months, have likely increased by 0.7 percent to 765 thousand last month, from 755 thousand in June.

Philadelphia`s Federal Reserve Bank will publish its manufacturing index for August with a preliminary reading expected to hit -4, from -12.9 in July.

The University of Michigan`s index of consumer sentiment could notch a preliminary reading of 72.2 in August, compared with July`s reading of 72.3.

Finally, the Conference Board`s index of leading U.S. economic indicators will likely grow 0.20 percent in July, following a 0.30 percent contraction in June.

Traders will be closely watching these economic released throughout the week amid growing belief that the global economy is faltering, so goods news will definitely lift market sentiment and support gains, otherwise, concerns will role and losses will be deeply felt.


Member Account Required
You must be registered as a member of the forums and logged into your account to post messages. If you do not have a member account, please Sign In or Register.
United States
Asia Pacific
Economic Calendar
Holiday Calendar
ECB Calendar
Feds Calendar
BoE Calendar
Boj Calendar
Top News
FX Updates
Market News
Global Highlights
Political News
Around the World
At A Glance & Video Commentaries
Market Pulse
Press Releases
About Us
Contact Us
Privacy Policy
Terms of Services

Risk Disclaimer : All information on this page is subject to change. The use of this website constitutes acceptance of our Privacy Policy and Terms of Service. Please read our Privacy Policy, Risk Disclaimer, Terms of Services and all legal disclaimers. Please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.

Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.