This week is quite light on economic & earnings data, however, there are a few events to watch out for.

Economic data

As the last quarter draws to an end the final week looks quite light on both data and earnings, however, there are some notable events to watch out for throughout the week including German IFO, a speech by BoE governor Andrew Bailey, Aussie retail sales, US Housing price index, Aussie CPI, German CPI, US Jobless claims, US GDP Chinese PMI, UK GDP and Germany Retail sales.

Monday - German IFO & speech by BoE governor Andrew Bailey

Tuesday – Aussie retail sales & US Housing price index

Wednesday - Aussie CPI

Thursday – German CPI, US Jobless claims and US GDP

Friday - Chinese PMI, UK GDP and Germany Retail sales

Earnings

The earnings calendar is light this week and the economic data will likely have more of an impact. Names reporting include Carnival (HY), Walgreens Boots (HY), Bellway (HY), Micron (HY), Next (FY) & H&M (HY)

Events in the news

Banking fears still continue to press the markets as credit issues are now spreading into Europe with Deutsche bank on Friday down over 8%. Block shares will also be under pressure this week as Hindenburg research has released a report suggesting fraudulent behaviour. Bitcoin could also test $30,000 as people lose trust in the banking systems across the world. Indices continue to stay somewhat flat and likely will this week, commodity prices could also stabilise too however the oil markets are very sensitive to the current banking issues.