On Friday, at the end of the week, market participants need\nto focus on five important economic events. This will help investors get a good\nstart during next week’s sessions.<\/p>\n\n\n\n
1. China’s trade surplus with the United States jumps as\nimports fall<\/strong><\/p>\n\n\n\n The Chinese trade surplus with the United States rose by 12\npercent in yuan terms in the first 6 months of this year, according to the\nChinese Customs Agency.<\/p>\n\n\n\n Chinese exports to the United States fell by 2.6 percent in\nthe first six months of this year compared to the same period last year, while\nimports shrank by 25.7 percent. The data are likely to upset US President\nDonald Trump, who claimed on Thursday that China did not keep its promise to\nincrease US agricultural export purchases.<\/p>\n\n\n\n Bloomberg quoted officials in the capital Beijing as saying\nno such agreement had been reached, while China’s Ministry of Commerce said\nThursday that trade discussions with the United States had not yet resumed.<\/p>\n\n\n\n 2. PPI adds more inflation in the United States<\/strong><\/p>\n\n\n\n On Friday, with a few US economic reports, wholesale\ninflation figures (PPI) were released a day after core consumer prices rose\nhigher than economists’ forecasts.<\/p>\n\n\n\n The data will play an important role in Federal Reserve\nChairman Jerome Powell’s opinion, who admitted this week that he was concerned\nthat weak inflation would be more persistent than expected.<\/p>\n\n\n\n Powell’s testimony reinforced market expectations that the\nFederal Reserve will cut interest rates by 25 basis points at its July 30-31\nmeeting. The dollar index, which measures the strength of the greenback against\na basket of major currencies, is trading down for the third day in a row.<\/p>\n\n\n\n 3. International Energy Agency consideres abundant oil\nsupplies in 2019 as US output jumps<\/strong><\/p>\n\n\n\n The International Energy Agency (IEA) said on Friday that\nthe rise in US oil production would exceed slow world demand, leading to\nabundant supply over the next nine months. The International Energy Agency\n(IEA) forecast in its monthly report that demand for crude oil for the\nOrganization of Petroleum Exporting Countries (OPEC) might drop to just 28\nmillion barrels per day in 2020, with expansion from outside the Organization\nof Petroleum Exporting Countries (OPEC) gaining 2.1 million barrels per day, of\nwhich the United States is expected to produce 1 million bpd alone.<\/p>\n\n\n\n Oil continues to trade higher amid tensions in the Persian\nGulf and ongoing storm warnings in the Gulf of Mexico.<\/p>\n\n\n\n 4. Dow Jones towards a new record<\/strong><\/p>\n\n\n\n US stocks opened higher on Friday, pushing the Dow to new\nrecord highs after the index closed above 27,000 for the first time ever on\nThursday. Dow Jones futures rose 90 points or 0.3%, and S & P 500 futures\nrose 7 points or 0.2%, while Nasdaq 100 futures rose 22 points or 0.3%. Global\nstocks gained more support today after expectations that Jerome Powell promised\nfurther easing of monetary policy at the end of July.<\/p>\n\n\n\n European stock markets rose mostly on Friday despite profit\nwarnings from Daimler, which put pressure on the auto industry, while Asian\nstocks closed with strong gains.<\/p>\n\n\n\n 5. Retirement of Boeing\u2019s 737 program manager<\/strong><\/p>\n\n\n\n According to the company’s note, Eric Lindblad, the Boeing\n737 program manager, will retire within weeks, as the company continues its\nfight to return its 737 MAX to service.<\/p>\n\n\n\n Boeing Corp., a New York-based company, plans to change the\nhead of the next aircraft project, Mark Jenks, to run the troubled 737 programs\nafter two of the top-selling 737 MAX crashed, killing nearly 350 people within\nfive months.<\/p>\n\n\n\n Jenks was at the head of the Boeing aircraft’s new airplane\nproject, which is likely to be launched soon.<\/p>\n","protected":false},"excerpt":{"rendered":" On Friday, at the end of the week, market participants need to focus on five important economic events. This will help investors get a good start during next week’s sessions. 1. China’s trade surplus with […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,64],"tags":[74,66,79,42,36,34,114,41,44,43,72,135,23,45,109,121,39,81,85,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1293"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1293"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1293\/revisions"}],"predecessor-version":[{"id":1295,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1293\/revisions\/1295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1294"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}