fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

7 September 2023,09:16

Weekly Outlook

The Impact of Rate Hikes On US Home Sales And Services PMI

7 September 2023, 09:16

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

The Week Ahead: Week of 21 August (GMT+3)

Tuesday, 22 August, 17:00 – US Existing Home Sales (Jul)

During June, existing home sales in the U.S. witnessed a drop, reaching a five-month low of 4.16 million, which could be attributed to the impact of the Federal Reserve’s aggressive interest rate hikes on house prices. In the upcoming report, the housing market’s overall activity could continue to be subdued as a result of elevated mortgage rates.

Wednesday, 23 August, 16:45 – US S&P Global US Services PMI (Aug)

The latest reading of the S&P Global US Services PMI recorded a reading of 52.3, slightly lower than the preliminary of 52.4. The services sector’s growth rate has eased to its slowest pace in five months, potentially influenced by higher interest rates, which seem to have impacted domestic customer spending. Services firms are indicating anticipated negative outcomes for the rest of the year.

Thursday, 24 August, 15:30 – US Core Durable Goods Orders (MoM) (Jul)

The US Core Durable Goods reading for June was 0.6%, surpassing the market forecast of 0.0%. Despite demonstrating significant economic improvement, businesses remain cautious about making investment moves due to concerns of a potential recession in the upcoming year.

Friday, 25 August, 09:00 – EU German GDP (QoQ) (Q2)

The most recent German GDP figures have slightly deviated from market expectations, registering a rate of 0.0% instead of the anticipated 0.1%. The country has been impacted by sluggish global demand and the uncertain global economic outlook. Market analysts remarked that the German outlook is unlikely to witness substantial recovery throughout the remainder of the year.

Comience a operar con una ventaja

Opere en forex, índices, Rieles y mucho más con los diferenciales más bajos de la industria y ejecución ultrarrápida.

  • Empiece a operar con depósitos desde tan solo 50 $ en nuestras cuentas estándar.
  • Obtenga acceso a atención al cliente 24/7.
  • Acceda a cientos de instrumentos, herramientas educativas gratis y algunas de las mejores promociones del sector.
Únase ahora

Latest Posts

Apertura de cuenta rápida y sencilla

Crear una cuenta en vivo
  • 1

    Registrarse

    Regístrese para obtener una cuenta en vivo de PU Prime con nuestro sencillo proceso.

  • 2

    Fondo

    Deposite fondos en su cuenta sin esfuerzo con una amplia selección de canales y monedas aceptadas.

  • 3

    Empezar a operar

    Acceda a cientos de instrumentos en condiciones de trading líderes en el mercado.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!