It looks set to be a busy start to the trading week tomorrow morning as the financial world reacts to the assassination attempt on former President Donald Trump over the weekend in the US. Traders expect to see some haven flows hitting markets.
The fallout from the shooting is expected to impact the first few trading days of the week. However, there are also several key macroeconomic data releases due from across the globe, as well as the key interest rate decision from the European Central Bank.
Here is our usual day-by-day breakdown of the major risk events this week:
Markets are set to be busy for most of the day as they react to the assassination attempt on former President Donald Trump in the US. The Asian session also sees the release of Chinese GDP and Industrial Production data midway through the day. There is little out in the European session, but we have the Empire State Manufacturing Index data out early in the New York day as well as a scheduled appearance from Fed Chair Jerome Powell later in the day.
The first two sessions of the trading day have very little on the event calendar, but we have the key Canadian CPI numbers out early in the New York day, which are released alongside the US Retail Sales data.
The calendar kicks in early in the Asian session with the focus on New Zealand for the release of their quarterly CPI data. The London session also sees key inflation numbers with the UK’s CPI and PPI data being released. We have US Building Permits and Industrial Production data due out early in the New York session before we hear from the FOMC’s Christopher Waller later in the day.
The focus will be on Australian markets early in the APAC day with the highly anticipated employment numbers due out from Canberra in the morning. The European session is set to be a busy one for traders. First up, we have employment data out of the UK before the focus moves across the channel for the ECB rate call and press conference. The US session has the usual weekly unemployment claims data as well as the Philly Fed Manufacturing Index number due out.
There is less on the calendar to close out the week, but Retail Sales data out in both the UK and Canada could see some volatility in the Pound and the Loony before we hear from the FOMC’s Williams and Bostic late in the New York day to take us into the weekend.
