Get ready for an eventful week in the financial markets with these key highlights:
1. Donald Trump speech at GOP convention
Former President Donald Trump survives an assassination attempt at a campaign rally in Butler, Pennsylvania. Trump is set to speak at the Republican National Convention in Milwaukee, where he will be officially nominated for the US election.
2. Fed Chair Powell speaks
Fed Chairman Jerome Powell discusses inflation and the central bank's dual mandate at the Economic Club of Washington DC. Powell expresses cautious optimism about inflation trends, but emphasizes the need for sustainability towards the 2% target.
3. Earnings season continues
Major companies like Goldman Sachs, BlackRock, Bank of America, Morgan Stanley, ASML, and Netflix are reporting their Q2 earnings. Wall Street anticipates a strong earnings season, already factored into current stock valuations.
4. ECB interest rate decision
The European Central Bank is expected to maintain its current rates after easing in June. Analysts are focused on the future rate path and developments in France.
5. Jobless claims, Retail sales, Fed's Beige Book
Economic data releases include the Federal Reserve's Beige Book report, jobless claims, and retail sales data. The Beige Book highlights uneven economic expansion across sectors and districts, with businesses noting weakness in discretionary spending.
Stay informed and watch how these events could impact your investments and financial decisions. From political developments to central bank announcements and earnings reports, make sure to analyze the information and adjust your strategies accordingly.