انضم إلى تحدي PU Xtrader اليوم

تداول برأس المال المحاكي واحصل على أرباح حقيقية بعد اجتياز برنامج تقييم المتداول الخاص بنا.

  • Market Insights  >  Weekly Outlook

8 September 2023,00:40

Weekly Outlook

United Kingdom Experiences Significant Surge In GDP

8 September 2023, 00:40

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

The Week Ahead: Week of 11 September (GMT+3)

Wednesday, 13 September, 09:00 – UK GDP (MoM) (Jul)

The rate improved to 0.5% from -0.1%, a sharp increase in the second quarter of the year. The manufacturing sector experienced a notably robust month, with significant growth observed in both the automotive industry and the typically unpredictable pharmaceutical sector. The UK is the sole G7 nation that has not yet witnessed its gross domestic product (GDP) returning to pre-Covid levels.

Wednesday, 13 September, 15:30 – US CPI (MoM) (Aug)

Within the expectation, July CPI remained steady at the rate of 0.2%. Although inflation is heading in a favourable direction, the fact that it remains at a relatively high level indicates that the Federal Reserve is not yet close to considering rate cuts.

Thursday, 14 September, 15:15 – EU ECB Interest Rate Decision (Sep)

The inflation rate in the Eurozone remained at 5.3% in August. Some economists argue that a further rate hike in September might be necessary to efficiently reduce inflation. However, some experts contend that the current policy adjustments have already been sufficient to bring down inflation. The European Central Bank (ECB) maintains an “open mind” regarding the decision on interest rates.

Thursday, 14 September, 15:30 – US PPI (MoM) (Aug)

In July, the Producer Price Index (PPI) recorded an increase of 0.3%, slightly surpassing expectations. This rise was primarily driven by the resurgence in service costs, underscoring the unpredictable nature of achieving the target inflation rate of 2%.

FacebookLinkedInTwitterShare

Become One Of Our Successful Traders

Trade with simulated capital and earn real profits after you pass our trader assessment.

  • One-time payment to begin your challenge.
  • Bi-weekly profit-sharing for your funded account.
  • Access to a vast array of trading options, including Forex, Commodities, Shares, Indices and more.

Latest Posts

20% الرمزخصم على أي تحديات. استخدم : EG20

تحدى التقاط الفرصة