The week starts off with not much economic news being released today. On Tuesday, details will be released regarding the UK’s June trade balance. On Wednesday details of jobless claims and the unemployment rate as well as details of the Bank of England’s inflation report.

On Thursday in Europe we have second quarter GDP data and on Friday, Eurozone CPI data.

In the U.S, the week kicks off with an SEC hearing on Bank of America. Earnings reports will be released by Applied Materials, Macy’s, Wal-Mart and JCPenney. On Thursday, there will government’s reading on retail sales, on Friday CPI data, industrial production, consumer sentiment and the main event, a two-day Federal Reserve meeting, starting Tuesday. Treasury’s came under selling pressure, driving yields higher, and the dollar finished the week firmer. In the week ahead, investor focus will be on the Treasury market and dollar as much as the Fed’s two-day meeting midweek.

U.S futures are currently pointing to a flat to slightly negative start when their markets open this afternoon. UK and European markets are currently in negative territory, down around 0.5%.

Sources: Reuters: BBC: Bloomberg: Lawshare: Deutsche Bank (db): Proquote: Financial Times: Wall Street Journal: CLSA: Sharescope: Market News. Capital Economics: CNBC: Wikipedia: GaveKal:

Please note this report provides a guide to some of the relevant areas that individual investors should consider discussing with an authorised adviser in relation to their specific circumstances, it does not constitute individual advice. As a result no action should be taken or refrained from being taken as a result of its content.