Weekly Market Commentary
Markets have had a week dominated by trade issues. The US is on the verge of slapping a further $200 Billion Plus, of new tariffs, on China. The Chinese are ready to sit down and negotiate, so it has been speculation that has driven market surges and troughs. The uncertainty drives the Dollar higher, pushing the EUR back to 1.1630, while the GBP dipped to 1.3050. The University of Michigan Sentiment reported further gains confirming the strength of the US economy.
Weekly Market Calendar
17/9 NZ Consumer Confidence, NZ Services PMI, UK House Prices, NZ Dairy Auction, EU CPI, Empire State Manufacturing
18/9 Australia Consumer Confidence, Australia House Prices, RBA Minutes, NAHB House Market Index
19/9 NZ Current Account, Japan Trade Exports/Imports, EU Current Account, UK CPI, UK House Prices, US Weekly Mortgage Applications, US Current Account, US Housing Starts, US Building Permits
20/9 NZ GDP, UK Retail Sales, Philly Fed Report, US Weekly Jobless Claims, US Leading Index, EU Consumer Confidence, US Existing Home Sales
21/9 NZ Migration, Japan CPI, NZ Credit Card Spending, France GDP, France/German/EU Services/Manufacturing/Composite PMI, US Services/Manufacturing/Composite PMI
Paul Bettany
Collinson & Co
0406-744-923