Bloomberg Aims to Trump Trump in 2020 Election
Amazingly, with so much going on all over the world, no one is really talking about the upcoming US election. It’s just months away and we’ve only had a little appetiser. What’s going on exactly? Let’s take a quick peek before giving you our roundup of the week’s most important market events to pop in your calendar.
It Takes Two to Tango
US magnate, billionaire Michael Bloomberg is considering entering the race for the US Democratic party’s presidential nomination. The former New York City mayor has privately expressed his worry that the current Democrat front runners are not good enough to beat Trump in next year’s poll.
Bloomberg is worth a reported $52 billion, a fortune amassed from his financial media empire. Trump hasn’t exactly shied away from talking about the 77-year-old businessman (has he ever shied away from anything?!). Speaking to reporters on Friday, President Trump said Mr. Bloomberg “will fail” if he joins the Democratic race. No surprise there, then!
It’s worth keeping an eye on US election developments over the coming weeks and months. Any major news here has the potential to shake the markets.
What events should be on your trading radar this week?
Trading is never simple. If someone told you it was, they were perhaps overexcited from too much coffee or just plain crazy. One thing that definitely doesn’t help is the fact that there’s just so much information out there, just waiting to tie you up and confuse you. Enter Contentworks! We’ve sifted through tons of info to bring you a short list of the events you really need to take notice of this week.
GDP (Q3)
This is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity.
ILO Unemployment rate + Average Earnings Excluding Bonus (Sep)
The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labour force. It’s a pretty important indicator for the UK Economy.
RBNZ Rate Statement + Interest Rate Decision
The RBNZ Rate Statement explains the reason behind on interest rate +/- and discusses the economic conditions that influenced it.
Harmonised Index of Consumer Prices (EUR)
This is a measure of the prices used by the Governing Council of the EU. It’s used to check on price stability in the euro area.
Consumer Price Index (YoY Oct.) (GBP)
A measure of price movements conducted by comparison between the retail prices of an everyday shopping basket of goods.
Consumer Price Index ex Food & Energy (MoM + YoY) (USD)
The same as the above, only across the pond, in the US. Land of Reeses Pieces and Trump.
Fed’s Chair Powell testifies (USD)
Federal Reserve Chair, Jerome Powell will give a broad overview of the economy and monetary policy in front of Congress. No pressure!
Employment Change + Unemployment Rate (Oct) (AUD)
The Employment Change is a measure of the change in the number of employed people in Australia. The Unemployment Rate shows the total number of unemployed vs. the entire Australian work force.
Retail Sales Control Group (Oct)(USD)
This release represents the total industry sales. Another biggie!
Keep your eyes on all of these events, they’re the ones that are most likely to cause volatility. We also advise you to keep an eye on UK election news as the major parties continue to unfurl their manifestos for the December 12th poll. GBP might move on something big.
If you’re looking to supply your traders and investors with a short, snappy, preview of the week ahead, we’d love to hear from you. Contact us and we’ll tailor a solution just for you. Don’t be shy!
Speak soon,
The Contentworks team
