Global equities ended mixed last week, as dismal economic data renewed concerns about sluggish global economic recovery from covonavirus led downturn.
UK Markets ended the week in positive territory, amid weakness in the British Pound and mounting concerns that Britain will end its post-Brexit transition period without a trade agreement.
UK’s Halifax house price index rose on a monthly basis in August, recording its strongest growth in prices since the end of 2016.
In the UK, the NIESR GDP estimate unexpectedly advanced in August.
UK’s construction output climbed in July.
In the UK, manufacturing production rose more than market anticipations in July.
UK’s industrial production advanced more than market consensus in July.
The BRC retail sales rose less than market forecast in August.
UK’s gross domestic product (GDP) rose less than market forecast on a monthly basis in July.
In the UK, consumer inflation expectations for the next 12 months dropped in August.
Total trade balance reported a deficit in July.
European Markets ended the week on a positive footing, after the European Central Bank (ECB) lifted its economic growth forecast for the Eurozone.
Eurozone’s GDP declined less than initially estimated in 2Q20.
In Germany, seasonally adjusted trade surplus widened in July.
Germany’s non-seasonally adjusted current account surplus narrowed more than market consensus in July.
In Germany, seasonally adjusted industrial production advanced less-than-expected in July.
Germany’s final consumer price index (CPI) recorded a flat reading in August.
In the Eurozone, the Sentix investor confidence index rose more than market anticipations in September, recording its highest level since February.
ECB President, Christine Lagarde, in her speech, discussed the appreciation of the euro and indicated that the central bank would “carefully monitor” exchange rate movement going forward. Further, she indicated that economic data since last monetary policy meeting in July suggested a strong rebound in activity in line with expectations. However, she warned that uncertainty about the economic outlook continued to weigh on consumer spending and business investment.
US Markets ended the week in red, amid a broad sell off in technology sector stocks.
US NFIB small business optimism index unexpectedly advanced in August.
US JOLTs job openings unexpectedly advanced for the third consecutive month in July.
The MBA mortgage applications rose in the week ended 04 September 2020.
The producer price index (PPI) dropped less than market anticipations on an annual basis in August.
US monthly budget deficit widened less than market anticipations in August.
In the US, the CPI rose more-than-expected on a yearly basis in August.
Consumer credit rose less-than-anticipated in July.
The number of initial jobless claims in the US unexpectedly remained unchanged for the week ended 4 September 2020.
Asian Markets ended mostly weaker last week, amid ongoing tensions between the US and China.
Australia’s NAB business confidence index unexpectedly improved in August.
In Australia, the Westpac consumer confidence index strengthened in September.
Australia’s home loans climbed more than market expectations in July.
In Australia, consumer inflation expectations advanced in September.
China’s CPI advanced in line with market expectations in August.
China’s trade surplus narrowed less than market forecast in August.
In Japan, the preliminary leading economic index advanced more-than-expected in July.
Japan’s economy contracted less-than-anticipated in 2Q20.
In Japan, BOP basis trade balance unexpectedly reported a surplus in July.
Japan’s non-seasonally adjusted current account surplus widened less than market expectations in July.
In Japan, the PPI dropped at par with market forecast in August.
Australia’s NAB business conditions index unexpectedly dropped in August.
In China, the PPI dropped in August.
Japan’s flash coincident index advanced less than market anticipations in July.
In Japan, overall household spending declined in July.