Weekly Preview Report 25/08/2017

• August 25, 2017

  WEEKLY PREVIEW: WEEK ENDING SEPTEMBER 2^nd 2017 (All times are GMT+3.)   Monday 28^th August- No major events   Tuesday 29^th August- CB Consumer Confidence (17:00) Consumer sentiment is expected to turn less positive during the month of August with 120 points. The Markit Prelim Consumer sentiment report for August contrastingly showed a surge in consumer optimism. Consumers assessed that their future finances and the U.S. economy would improve in the third quarter.   Wednesday 30^th August- U.S. GDP (15:30). Second quarter economic growth is set to rise marginally to 2.7% growth, representing a 0.1% rise on the previous quarter. Consumer spending contracted on average by 0.1% per month for the three months ending June, indicating weaker growth for the quarter.   Thursday 31^st July- Canadian GDP (15:30). Canada’s economic growth for the second quarter averaged at a 0.4% rise per month over the period. Consumer spending in the three months ending June has been fairly stable; with 0.7% growth on average per month.   Friday 1^st July- Non-Farm Payrolls (15:30) The Non-Farm Payroll report gives a broad overview of the employment situation in the U.S. NFP data has an average of 190,000 new payrolls per month during the second quarter. The third quarter is expected to start with a slight drop from the second quarter’s pace with a forecast of 175,000 new payrolls for August.