S&P 500, DAX 30 and FTSE 100 Fundamental Forecast:
- The S&P 500[1] awaits trade data, clarity on 1Q GDP and PCE Core data on Friday
- The DAX 30 will look to German unemployment to stave off concerns of a slowdown
- FTSE 100[2] traders will have to endure the uncertainty brought about by Brexit
S&P 500, DAX 30 and FTSE 100 Fundamental Forecast
Trade wars have been the dominant theme in recent weeks, with tariffs levied and retaliations offered but that may be set to change in the week ahead. A loaded economic calendar[3] and a stall in US-China trade negotiations may propel global growth fears to the forefront of investor concern once more.
S&P 500 Fundamental Forecast: Neutral
The S&P 500 will look to gauge the strength of the domestic economy and the effects of the US-China trade war from key data due for release. The information stream will kick off on Monday with consumer confidence and trail into Thursday with the second release of US GDP from the first quarter and the advance goods trade balance for April.
The latter releases will offer critical insight on the state of trade wars and global growth – the two themes equity markets have fretted over the most in 2019. Meanwhile, consumer confidence will provide clarity on the state of the economy on the front lines – whether US citizens are looking to save or spend their money in the coming months.
