The Week Ahead in World Markets: Biden's Presidential Race, Fed Rate Cut, ECB Meeting, and UK's New Labour Government Revealed
As the world's top investment manager and financial market journalist, Ira Iosebashvili, Yoruk Bahceli, Li Gu, William Schomberg, and Amanda Cooper bring you the inside scoop for the coming week. From politics to central bank decisions, here's what you need to know.
1/ BUSY, BUSY
With the U.S. presidential election race heating up, retail sales data, Fed announcements, and bank earnings take center stage. Expectations for a September rate cut are high as signs of a cooling economy emerge. Keep an eye on Powell's speech, Goldman Sachs earnings, and the Republican National Convention.
2/ NOTHING TO SEE?
The ECB is likely to keep rates steady but attention is on future rate cuts. Euro zone inflation data and policymakers' stance on further cuts will be key. Lagarde may address potential bond purchases in case of market turmoil.
3/ CHINA'S THIRD PLENUM
China's reforms and economic data releases will shape market sentiment. Investors are hopeful for new stimulus to boost growth amidst domestic challenges.
4/ THE KING'S SPEECH
King Charles will outline the new UK government's agenda while inflation data and jobs reports will influence BoE decisions. Services prices and wages growth are key indicators.
5/ SHARE THE LOVE
ASML and SAP earnings will shed light on Europe's market performance. The impact of big tech firms on market indices and breadth will be a crucial factor to watch.
In conclusion, keep an eye on political developments, central bank decisions, economic data, and corporate earnings to make informed investment decisions. Stay informed, stay ahead.