Welcome to our regular Monday recap. Together, let's recap what moved the markets last week, and what we'll have in our sights this week.
Thursday's GDP data from the euro area came out rather negatively for the euro. In fact, euro area GDP increased by 0.1 % in the three months to June 2023 compared to the previous quarter, which is lower than the initial estimate of 0.3 %. This is not good news.
As every Thursday, we were interested in the US news regarding new unemployment claims.
On Tuesday, we focused our attention on the Reserve Bank of Australia meeting. At its meeting, the Bank of England kept its rate at 4.1 %
And what awaits us in the current trading week:
On Tuesday, we will be interested in the latest data from the UK labour market, which will come at 8:00 am.
On Wednesday, the markets will focus on US inflation, which will come at 14:30. Here we will expect increased volatility as it could affect the Fed's next steps.