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Market Reports

8:46am, August 5th 2019

Summer markets proving volatile as fresh week commences…

The usual doldrums of Summer markets have been absent so far in 2019. Markets have, over the last 2 weeks, displayed a distinct heightening of volatility as Trump continues to wage an economic trade war against China, while financial markets navigate their way around slowing global growth.

This week is set up to be another volatile one with significant pieces of data from across Europe as well as a number of central bank monetary policy announcements including: Norway, New Zealand, Australia, India, Philippines and Thailand.

From the UK it’s another important week with key data arriving as speculation ramps up that Johnson is preparing to call a snap election following a number of significant pledges, including one for the NHS which was heavily focused on in the 2016 referendum. On the data front, this morning sees the crucial services PMI for July. However, the more important data release is scheduled for Friday and comes in the form of Q2 preliminary GDP. Forecasts are for a very small amount of growth hitting 0.1% for the quarter.

Elsewhere, the Eurozone will see updated service PMIs as well as German industrial production. In China, much anticipated trade numbers are set to cross the wires overnight on Thursday. No doubt these will be very relevant for the ongoing tension between themselves and the US with tariffs on China set to rise from the beginning of September.

Written by Viv Savani. 8:46am, August 5th 2019

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

8:45am, July 1st 2020

The Pound Fights Back

View Report
8:39am, July 7th 2020

Solid Risk Appetite to Start the Week

View Report
8:28am, July 13th 2020

Data-Heavy Week for Markets

View Report


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