Investment Manager's Ultimate Guide to Financial Markets: Central Bank Chiefs, U.S. Democrats, Energy Markets and Global PMIs in Focus
As the world's best investment manager, Ira Iosebashvili and Lewis Krauskopf bring you the ultimate guide to the week ahead in financial markets. With central bank chiefs gathering in Jackson Hole, U.S. Democrats choosing their presidential candidate, and energy markets reacting to tensions in the Middle East and Russia-Ukraine, it's a week packed with potential market-moving events.
1/ JACKSON HOLE: Central bankers from around the globe will meet in Jackson Hole, Wyoming, to discuss the future of monetary policy. All eyes will be on U.S. Fed chief Jerome Powell as he prepares for September's monetary policy meeting. Market participants are expecting rate cuts next month, but the size and depth of the cuts are still uncertain.
2/ MIXED PICTURE: The global growth outlook remains uncertain as business activity softens and inflation stays high. Purchasing managers' indexes will provide insight into economic activity, with July's PMIs showing an economic slowdown combined with persistent inflation.
3/ IRATE OVER RATES: The Bank of Japan's unexpected rate hike has caused a stir in the markets, leading to a steep drop in Japanese stocks. Lawmakers will question BOJ Governor Kazuo Ueda about the decision, as recent macroeconomic indicators show a stronger-than-expected rebound in growth.
4/ DEMOCRATS ON DISPLAY: The U.S. presidential race heats up as Democrats gather in Chicago to support Vice President Kamala Harris. Harris has gained momentum in the polls and betting markets, edging ahead of Republican candidate Donald Trump. Investors are eager to learn more about her policy positions.
5/ TENSIONS: Global energy markets are on edge due to escalating tensions in the Middle East and concerns about Russian gas supply disruptions through Ukraine. International crude prices have surged above $80 a barrel, while worries about demand strength, particularly in China, are tempering gains.
In conclusion, the week ahead is filled with key events that could impact financial markets. From central bank meetings to political conventions and energy market tensions, investors need to stay informed and be prepared for potential market volatility. Stay tuned for updates and analysis to make informed investment decisions.