This week’s market forecast is packed with key events and trends to watch out for. Investors can expect fresh data on inflation, the housing market, and retail sales after a turbulent week for markets. Federal Reserve speakers will also be giving remarks, potentially offering more insights.
On Monday, August 12, the New York Fed will release consumer inflation expectations for July. Tuesday, August 13 will see the NFIB Small Business Optimism Index for July, the Producer Price Index for July, and remarks from Atlanta Fed President Raphael Bostic. Earnings reports from Home Depot and SunLife Financial are also expected.
Wednesday, August 14 will bring the Consumer Price Index for July, along with earnings reports from Cisco Systems and UBS AG. Thursday, August 15 is packed with data, including initial jobless claims, manufacturing indexes, retail sales for July, and remarks from St. Louis Fed President Alberto Musalem and Philadelphia Fed President Patrick Harker. Earnings reports from Walmart, Alibaba Group, Applied Materials, John Deere, and JD.Com are also expected.
Finally, on Friday, August 16, housing starts for July and preliminary consumer sentiment for August will be released, along with remarks from Chicago Fed President Austan Goolsbee.
Key focus points for investors include updates on inflation, consumer spending, and the housing market. The Producer Price Index on Tuesday will provide insight into wholesale inflation, while the Consumer Price Index on Wednesday will indicate consumer inflation trends. The latest inflation data could influence the Federal Reserve’s decision on interest rates.
Federal Reserve speakers scheduled to deliver remarks throughout the week could provide further insights into the economic outlook. Sentiment surveys from home builders and consumers will give additional perspectives, while retail sales and housing starts data will offer a glimpse into consumer behavior and the construction industry’s performance.
Earnings reports from major retailers like Walmart and Home Depot will be closely monitored for clues on consumer spending trends. International retail trends will also be in focus with reports from Chinese e-commerce giants Alibaba and JD.com. Tech infrastructure spending will be highlighted by Cisco’s earnings, while financial firms SunLife Financial and UBS will also report their earnings.
Overall, this week’s market forecast presents a range of data and events that could impact investor sentiment and market direction. Stay tuned for updates on key economic indicators and corporate earnings to gain insights into the health of the economy and potential investment opportunities.
