Company / Analytics

Analytics, 22 August 2022

What will drive the markets this week?

Most global stocks ended last week in losses. Equities in the US extended their losses on Friday to end the week in losses, following four weeks of gains. Europe also saw sheddings in the pan-European Stoxx 600 as Germany’s producer prices in July recorded their highest ever jump, effectively dropping sentiment over the economic outlook for the region’s biggest economy.

For this week, the most anticipated economic activity will be the meeting of the Federal Reserve policymakers, who will meet at the U.S. central bank’s annual Jackson Hole Symposium on Thursday to discuss the most pressing issues facing the U.S. economy.

On Friday, the latest update to the Personal Consumption Expenditures (PCE) Price Index, which could possibly indicate whether inflation has peaked, will be released. The University of Michigan is expected to release the final August reading of its Consumer Sentiment Index (MCSI) on the same day.

In terms of earnings, several companies are scheduled to release their reports in the week. They include Zoom Video Communications, Macy’s, Nordstrom, NVIDIA, Salesforce, Dell, and TD Bank, among others.

Events, expected to move markets this week

Monday, August 22

Tuesday, August 23

Wednesday, August 24

Thursday, August 25

Friday, August 26

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