26/08/2016
Global Economic Overview 25 August 2016
German Ifo Business Climate: The No. 1 Think-tank in the No. 1 economy releases its monthly business gauge of the economy. In July, they showed solid business sentiment despite Brexit, with a score of 108.3 points. It contrasted the negative number from ZEW. With a bounce in the ZEW indicator, we could also see this IFO following up with 108.5 points.
Durable goods orders: Sales of durable goods reflect longer-term investments and contribute to GDP. While the headline figures may be distorted by aircraft or defense orders, the core figure provides a better measure. Headline orders are predicted to rise by 3.5% after a slump of 3.9%. Core figures are also expected to bounce: a rise of 0.4% after a slide of the same scale beforehand.
EUR
• German Ifo Business Climate
USD
• Core Durable Goods Orders m/m
• Unemployment Claims
*FX MARGIN TRADING INVOLVES RISK. LOSSES CAN EXCEED DEPOSITS.
