Monday 23 April 2018

Eyes on Trump and key US data figures

Donald Trump is now the 45th President of the United States
Donald Trump is now the 45th President of the United States

All eyes will be on Donald Trump - and his Twitter account - as he starts his first week as US president.

This side of the Atlantic, there are plenty of corporate results out, including interims from Unilever, Sky, Diageo and Irish recruitment business CPL Resources.

Also during the week, there will be a raft of economic data. Purchasing manager index numbers for the services and manufacturing sectors will be out for the eurozone tomorrow.

There will also be important data in the United States this week, including new home sales figures, and the Redbook Index, which measures same-store sales growth at a sample of large US general merchandise sellers. Jobless claims numbers will also be out in the US.

Later this week, there will be keen interest in the latest set of GDP numbers for the UK, with preliminary data for the fourth quarter of 2016 due.

That's expected to show growth of 2.1pc year-on-year.

On Friday, there will also be preliminary GDP data out in the US.

Annualised growth there during the fourth quarter of 2016 is expected to come in at 2.1pc.

Irish Independent

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