Upcoming macroeconomic events, July/August 2017
Do you write or edit portfolio manager commentaries? Do you want to stay on top of the macroeconomic events that shape your day-to-day life as a financial services marketer?
If so, here are the big macro events that the Ext. Marketing team is keeping an eye on over the coming weeks.
- The European Central Bank (“ECB”) will announce its interest rate decision on July 20. Europe has largely been supported by central bank stimulus measures. While worries about inflation and gross domestic product (“GDP”) growth appear to be waning, the ECB has stated that it will take its time in changing its accommodative monetary stimulus stance
- Canada’s consumer price index (“CPI”) and retail sales will be announced on July 21. CPI and retail sales impact inflation. Both measures will garner attention from the Bank of Canada as it assesses the strength of the Canadian economy
- Canada will announce its real GDP for May on July 28. Real GDP measures the value of economic output adjusted for inflation, giving investors an understanding of the overall strength of the Canadian economy
- Also on July 28, the U.S. will announce its second quarter advance GDP. Annualized GDP growth in the first quarter came in lower than the previous quarter. This measure will give investors an early reading on the overall strength of the U.S. economy during the second quarter
- Canada and U.S. unemployment rates for July will be announced on August 4. A declining unemployment rate is indicative of an improving economy and business sentiment. More people employed also leads to higher consumption and savings – important factors in growing GDP
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