Important global economic news of this week - OVERVIEW

Baku. 7 August. REPORT.AZ/ The most important economic news of this week will be announced by the US, China, UK, OPEC and the International Energy Agency (IEA). 

Report informs, the main attention of investors on financial markets was focused on US Inflation Indicator on August 11. Inflation rate will have direct impact on Fed's decisions in September. Analysts predict inflation to be 0.2% in July. The annual inflation rate accelerates to 1.7% and the base inflation, which does not reflect food and energy prices, is expected to be at 0.2%. If this indicator exceeds expectations, then it will be possible to increase discount rate and reduce monetary expansion by FED in September session.

This week, FED members including New York Fed President William Dudley, CEO and president of the Federal Reserve Bank of St. Louis James Bulla and President of the Federal Reserve Bank of Minneapolis Neel Kashkari will give a speech.

Tomorrow, China's trade balance for July will be announced. Analysts predict that in July, China's exports will increase by 10.9% and imports by 16.6%. The production volume of the manufacturing industry for June in Britain will be announced. Analysts do not expect changes in this indicator in June after 0.2% drop in May.

OPEC is expected to announce IEA's monthly oil market report during the week. The outcome of the report will determine the future prospects of the oil market.