The Chief Strategist: High expectations for US GDP and earnings reports
The Chief Strategist, Ib Fredslund Madsen, gives a brief summary of the most important events on the financial events this week:
- Tuesday: Global Flash PMI's. The first numbers for third quarter.
- Thursday: ECB meeting. It is expected to be a quiet one, even though it usually is an important event.
- Friday: US GDP for second quarter. It is ecpected to be a high GDP 4%, which could boost the markets - but also interest rates.
- High season for US earnings reports starts. 20% earnings growth is expected.