Company / Analytics

Analytics, 21 August 2023

What will drive the markets this week?

On Friday, Wall Street closed with a mixed performance, while U.S. Treasury yields stabilized following a recent surge. Investors were in anticipation of more insights into interest rates from the Federal Reserve in the upcoming week.

In the European markets, there was a retreat in response to the cautious global sentiment. Traders were assessing the future of monetary policy, along with fresh concerns related to China’s real estate sector.

Across the Asia-Pacific region, markets declined on Friday. Investors were analyzing Japan’s July inflation data and dealing with new challenges in China’s real estate sector. Japan’s core inflation rate fell to 3.1%, a decrease from June’s 3.3%. The headline inflation rate, however, remained steady at 3.3%.

This week, we are expecting a series of earnings reports from well-known retailers. This includes Lowe’s, Macy’s, Kohl’s, Nordstrom, Dollar Tree, Dick’s Sporting Goods, Urban Outfitters, and BJ’s Wholesale Club, among others. In addition, Zoom Video Communications, Nvidia, and TD Bank will reveal their performance figures for the second quarter.

The week kicks off with the beginning of the annual Jackson Hole Economic Symposium, hosted by the Kansas City Fed. During this event, starting on Thursday, central bankers, finance ministers, and economists from around the world will come together.

Furthermore, updates on new and existing home sales for July will be shared, along with a timely evaluation of consumer sentiment.

Events expected to move the markets this week

Monday, August 21

Tuesday, August 22

Wednesday, August 23

Thursday, August 24

Friday, August 25

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