Weekend Paper Roundup
Weekly Trading Update 12th February 2018 | Spreadex | Financial Spread Betting
UK
To say Monday is the quiet after the storm would be an understatement. The first piece of UK economic fodder comes in the shape of the CPI y/y, which, considering the BoE’s statement earlier this week, it will be interesting to see if the figures show any sign of being in-line with their new policy.
Tuesday also sees the PPI Input and Output m/m, and the RPI, HPI and Core CPI y/y figures. A near silent Wednesday and Thursday in the UK leads to a small murmur to finish off the week, as Retail Sales m/m on Friday morning is all else we have to look forward to.
It is fair to say most moves that could possibly take place next week, will be based more against the moves in the Eurozone and of course the US.
US
Well, what a week. Friday night’s ‘sell off’ on the 2nd was only a small sign of things to come. With a drop of 1000+ points, and midweek ranges also of 1000+ points, the Dow Jones will surely keep a lot of volatility going into next week. The US shutdown left the markets unaffected, as a whole but will next week’s figures be the cause of any big moves? Monday gives little to no figures, Tuesday only sees FOMC member Mester speak. So it is from Wednesday that we see any actual numbers: CPI; Core CPI; Retail Sales & Core Retail Sales m/m, along with crude oil inventories all feature.
Thursday is also figure heavy: PPI; Core PPI m/m; Empire State Manufacturing; Philly Fed Manufacturing; unemployment claims; Capacity Utilisation rate; the industrial production m/m and Natural gas storage is also out (and breathe). We also have a few things out on Friday: Building Permits; Housing Starts; Import prices and some much anticipated Prelim UoM inflation Expectations.
Eurozone
Shadowed by the might of the US bulk of data this week, the Eurozone drips ever so quietly along with nothing of real significance to note. German President Buba speaks on Wednesday, which may give us an update on Merkel’s new coalition. This comes along with the German Prelim GDP q/q and Final CPI m/m figures; the Flash GDP q/q comes shortly after. The Italian trade balance and the French and Spanish 10-year bond auction see off a slow Thursday with German WPI m/m the main source of entertainment (!) to finish the week off.
Stock of the Week - Twitter Inc.
Open (Monday)
7340
Close (Friday)
7122
Change
-3
High
7391
Low
6919
Open (Monday)
25280
Close (Friday)
23943
Change
-5.3
High
1.4151
Low
1.3836
Open (Monday)
1.4110
Close (Friday)
1.3936
Change
-1.2
High
1309
Low
1349
Open (Monday)
1335
Close (Friday)
1324
Change
-0.8
High
1309
Low
1349
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