Global Economic Outlook: Lake Placid

The week’s economic calendar is quiet, with the major events being Greek parliamentary developments and Chinese President Xi Jinping’s visit to Washington. Following the Fed’s decision to not hike rates this month, the market seems lost for something useful to do and the sense is that the global economy is chugging along in a familiar malaise.

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Economic Indicators

World Indexes and Forex Rates





In the Calendar This Week

Sun 20 September
Europe Greek Parliamentary Elections

Mon 21 September
US Existing Home Sales (actual:5.31M expected:5.50M previous:5.58M)

Tue 22 September
China Caixin Flash Manufacturing PMI (expected:47.6 previous:47.7)

Wed 23 September
New Zealand Trade Balance (expected:-875M previous:-649M)

Thu 24 September
US Core Durable Goods Orders m/m (expected:0.2% previous:0.4%)
US Unemployment Claims (expected:268K previous:264K)

Fri 25 September
US Final GDP q/q (expected: 3.7% previous:3.7%)

Making The News

When the Greek Prime Minister called parliamentary elections in August, market commentary and mainstream media were panic stricken. The decision to delay elections allowed time to fade the immediate concerns that

Read more ... source: CryptoCoinsNews