The Week Ahead (25 – 29 Aug): House Prices, NVDA, AT., HTG

Thu 6:51pm by Mark Simpson

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It is likely to be another quiet week for results, given the Summer holidays in the Northern Hemisphere and the UK Bank Holiday on Monday. The Summer malaise doesn't seem to have impacted broader indices, with the FTSE, S&P and Eurozone indices all gently rising over the last month. However, small caps and AIM stocks have wilted in the heat:

With large caps again dominating returns over the last year, investors must be wondering when, if ever, this trend will reverse:

Here's what we can look forward to next week:

Economic Calendar

Monday 25^th Aug
Tuesday 26^th Aug
13:30	United States	Durable Goods Orders
14:00	United States	House Price Index
15:00	United States	Consumer Confidence New Home Sales
Wedensday 27^th Aug
07:00	Germany	Consumer Confidence
15:30	United States	Crude Oil Stocks
Thursday 28^th Aug
09:00	Euro Area	M3 Money Supply
10:00	Euro Area	Consumer Confidence Economic Confidence
13:30	United States	Initial Jobless Claims
Friday 29^th Aug
07:00	UK	Nationwide HPI
07:00	Germany	Import Price Index Retail Sales
13:30	United States	Balance of Trade Personal Spending Personal Income

This week's economic news will be dominated by house price data. The US appears to be reacting to tariff uncertainty and rising long-term interest rates, dipping into negative year-on-year in April and May:

[Graph: Trading Economics]

This may be a bellwether for general consumer confidence, and a further negative print on Tuesday could indicate further economic pain to come.

Closer to home, Nationwide reports its latest index figures on Friday. June figures came in at 2.1% annualised, versus a 3.3% consensus, suggesting that things are getting worse: