Week Ahead starting 25/9/23: German and US consumer confidence; ifo; Caixin; Nike; ASOS
The focus turns to consumer health with inflation and consumer confidence figures from both sides of the Atlantic. Plus, IGTV’s @AngelineOng catches up with @tastyliveshow @Tony_BATtista to find out where the volatility’s headed.
(Video Transcript Summary)
Market-impacting reports to watch
In this video, Angeline Ong gives a sneak peek into the upcoming week in the financial markets. She talks about some important events and releases of economic data that could make the market more unpredictable.
She mentions the ifo business climate report from Germany, the Confederation of British Industry (CBI) distributive trade report from the UK and the minutes from the Bank of Japan. These events can have a big impact on how the market behaves.
Angeline also talks about upcoming data releases from the US, like durable goods orders, crude oil inventories, and gross domestic product (GDP) figures. She mentions that consumer consumption in Germany and the Euro Zone has been weakening and emphasises the need to keep an eye out for news of stimulus from China.
She wraps up by mentioning important earnings reports from companies such as ASOS, Costco and Ferguson. These reports can give insights into the financial health of these companies and affect their stock prices.
Market volatility matches August highs
Anthony Batista, who co-hosts tastylive from Chicago, then shares his thoughts on market volatility. He mentions that the market's volatility has been increasing lately and has now reached levels similar to those in August.
He believes that the stability of the market will depend on how oil prices move, as they have not been in line with the rest of the market. He suggests that if oil prices go down, it could enhance the market's stability and lead to more gains.
He talks about comments from Chevron and market expectations of oil reaching $100 per barrel. The hosts also discuss upcoming earnings reports and the importance of keeping an eye on the overall performance of the market, particularly the Nasdaq.
Batista hopes that both the Nasdaq and oil prices will recover from their recent weakness, as he believes this will bring more stability to the market.
Check out IG.com or follow @AngelineOng on Twitter for more analysis on the financial markets.
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