Snapshot - Strategy & economics
Caspar Rock: Monday markets - the week ahead on 8 July
This week we’re looking forward to corporate outlooks for the full year, and on Thursday markets will be scrutinising Federal Reserve Governor Jerome Powell’s biannual report
- Shares fell at the end of last week as stronger US employment figures caused expectations of an interest rate cut to be reined in a little
- Q2 reporting will give businesses the chance to provide outlooks for the full year. Forecasts have been lowered already, but forward-looking commentary hasn’t so far changed
- In his biannual testimony (Thursday) Federal Reserve chair Governor Powell is likely to reaffirm the message of strong consumer, weakness due to trade uncertainty, subdued inflation and a continued 'dovish' bias.
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