Key Economic Events and Reports for the Week Ahead
Global central banks held their meetings last and this week and investors shift their focus on economic data and technical signals from the market. Regarding the US economy, key reports slated to release next week are durable goods orders (Monday), claims for unemployment benefits (Thursday) and PMI in non-manufacturing sector from ISM (Friday).
As for the European economy, investors will scrutinize the data on price pressures from the inflation report due next Friday.
The economy of China, which is now under the threat of systemic risks due to a possible default of Evergrande, will be of interest to investors on next Thursday, when data on PMI in services and manufacturing will hit the wires. Perhaps it will provide investors with additional insight regarding impact of potential Evergrande default on broader China market.
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