Market Update 06/02/2023 by Neofytos Hadjineofytou
Join Neo for this week’s quick analysis. You can find his notes below for the financial markets:
Week Ahead
An interesting week ahead in the financial market because of all the events and announcements that occurred last week. This week’s financial markets reaction is of high importance.
Monday
GBP – Construction PMI – came out negative raising concern regarding UK economy
It is a leading indicator of economic health, a survey revolving around the construction industry
EUR retail sales for both the month and year, both negative
EUR Lagarde speech
Tuesday
USA – President Biden Speech
Due to deliver the state of the Union Address (includes reports on the nation’s budget, economy, news, agenda, progress, achievements, and the president’s priorities and legislative)
USA – Fed Chairman Powel’s speech
AUD –Interest rate decision
RBA to increase interest rate from 3.10% -3.35%
Thursday
EUR – Eu Leaders’ summit day 1
Euro Summit meetings provide strategic guidelines on euro area economic policy.
GBP Monetary Policy Report Hearing
Friday
UK Monthly GDP
EUR – Eu Leaders’ summit day 2
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