Asian and European stock indexes are mostly green and U.S. futures are poised for a positive open on Monday as the Chinese yuan strengthens against the dollar following a volatile week in the market last week after Beijing retaliated against President Trump’s threats to raise tariffs on China in September by devaluing its currency, the yuan, to the lowest level in over 10 years.
Trade policy between China and the U.S., the two biggest economies in the world, has been difficult to predict in 2019 and remains a risk during the final four months of 2019.
The Week Ahead
This week investors will be paying close attention to U.S. retail sales for July on Thursday, the same day that large retailer Walmart posts their earnings results before the opening bell.
On Wednesday Cisco reports earnings and on Friday Deere & Co reports their corporate earnings results.
Some of the other U.S. economic data due this week includes a CPI inflation report on Tuesday, Import/Export prices on Wednesday.
On Thursday besides U.S. Retail Sales for July, some of the other economic data that will be released includes Productivity and Costs, Industrial Production, Business Inventories, the Housing Market Index, and the Fed Balance sheet.
On Friday Housing Starts and Consumer Sentiment are due.
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