This week, markets, in addition to the situation with the US – China trade war, will focus on the publication of US GDP data for the first quarter, the values of the business activity index in the manufacturing sector in China and, of course, inflation indicators from United States.
According to the presented forecasts, it is assumed that the US economy in the first quarter of this year will reduce the growth rate to 3.1% from 3.2% a year earlier. In principle, if the values turn out to be exactly that – it is unlikely to have a negative impact on the local stock market, since investors logically believe that a slowdown in economic growth will force the US government to think about the beginning of lower interest rates, and if the numbers turn out to be better than expected, it will also positive and will stimulate market interest in the shares of US companies.