Market Outlook: Four key things to watch out for this week


  • Markets are anticipating an action-packed week.
  • UK would be coming up with its GDP estimates.
  • Both US and China would be announcing their respective inflation numbers.

In contrast to the markets’ flat trend last week, it is going to be a high-octane week in terms of macro announcements. The packed week will see Australia’s budget being put forth, the UK’s growth numbers being announced and different central bank chiefs delivering speeches.  

Here are the four most important events slated this week:

Australia Federal Budget: Treasurer Josh Frydenberg, will present the 2021-22 Federal Budget on Tuesday. The budget will focus on the official economic forecasts as the country continues to emerge from the 2020 hit of COVID-19. The budget will also outline the plans for stimulus and reforms in the economy.  Mr Frydenberg and Prime Minister Scott Morisson have repeatedly said that it is going to be a ‘jobs budget’.

UK GDP: In a development that can shape up the United Kingdom’s monetary policy decision, the National Institute of Economic and Social Research will release the GDP estimates of the country -- an estimate of growth over the last three months. The report comes out a month before the official announcement. According to consensus among experts, the country is expecting its economy to contract by 1.8 % in January-March quarter.

US inflation: On Wednesday, the US Bureau of Labor Statistics will announce the retail inflation numbers for April in the world’s largest economy. A measure of price movements by comparison, it is one of the two metrics that determine the monetary policy of any central bank. The estimates peg the numbers at 0.3%, excluding food and energy.

China Inflation: The world’s second largest economy will also announce its retail inflation numbers on Tuesday. The analysts expect a deflation of 0.2% in the country. As Chinese economy didn’t go through contraction in 2020, it gives a larger legroom to the country’s central bank as well.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Rated 4.3/5 based on 904 Reviews at Google My Business