Global highlights next week: US CPI report makes strong debut, Trump heavily connects with Musk
白云追月素
发表于 2024-8-11 11:17:07
199
0
0
This week, the three major indexes of the US stock market collectively fell slightly. Although the weekly decline may not seem significant, this is already the most volatile week in the market since 2024.
Analysis suggests that a series of unexpected economic data, combined with arbitrage trades triggered by the yen, led to the most severe sell-off in the stock market this year, followed by the recovery of most of the losses due to "initial requests". Compared to before, data reporting has never become so important this year.
Liz Young Thomas, Head of Investment Strategy at SoFi, has stated that the phenomenon of initial reports driving up the stock market indicates that the market will be more sensitive to all upcoming data releases. "This also tells us that when we receive conflicting data, we will see more market volatility
Looking ahead to next week, the most significant data will undoubtedly be the US CPI (Consumer Price Index) report before Wednesday's trading session, as well as retail sales on Thursday known as the "terrifying data". On Tuesday, PPI (Producer Price Index) will also provide guidance on inflationary pressures.
Shortly before the press release, Federal Reserve Governor Michelle Bauman stated that the inflation rate is still far above the committee's 2% target and there is an upward risk, which is concerning. Bauman mentioned, "I will continue to be cautious when considering adjustments to the current policy stance
Economists from financial services company Investec said, "Last month's CPI report showed an encouraging decline in housing cost pressures in the United States, and if this downward trend continues, it will help inflation return to the 2.0% target
In other regions, the Reserve Bank of New Zealand and the Norwegian central bank will successively announce interest rate decisions, and Japan will also release its GDP report for the second quarter. Recently, it is the soaring yen that has led to a cluster of arbitrage trades closing positions, causing a huge shock in the financial market.
In addition, the monthly crude oil market reports from OPEC and IEA, speeches from several Federal Reserve officials, and Musk's interview with Trump are also worth looking forward to. In recent weeks, Trump has been able to make astonishing statements, such as this week when he stated that the president should have some say in monetary policy.
With nearly three months left until the official US election on November 5th, this year has already been the most dramatic in recent years. Gabelli Funds executives expect market volatility to intensify during the election period, while potential stock market rotation will continue.
In terms of financial reports, Home Depot and Wal Mart deserve attention. Generally speaking, hypermarkets located at the end of the commodity supply chain may have a more tangible understanding of whether inflation is accelerating or slowing down. China Concept shares include Alibaba and JD, two Internet giants.
Overview of Important Overseas Economic Events Next Week (Beijing Time):
Monday (August 12th): OPEC releases monthly crude oil market report, US New York Fed's one-year inflation forecast for July, Trump's heavyweight interview with Musk
Tuesday (August 13th): IEA releases monthly crude oil market report, Eurozone ZEW economic sentiment index for August, US NFIB small business confidence index for July, US PPI annual rate for July
Wednesday (August 14th): Atlanta Fed President Bostic speaks on the economy, New Zealand Fed announces interest rate decision and monetary policy statement, UK July CPI monthly rate, Eurozone Q2 GDP annual rate correction, US July non seasonally adjusted CPI annual rate, US EIA crude oil inventory for the week ending August 9th
Thursday (August 15th): Initial annual value of Japan's Q2 GDP deflator, seasonally adjusted unemployment rate in Australia in July, revised Q2 GDP annual rate in the UK, initial jobless claims for the week ending August 10th in the US, monthly retail sales rate in July, August New York Fed manufacturing index, August Philadelphia Fed manufacturing index, July import price index, St. Louis Fed President Moses Lem's speech on US economic and monetary policy, July industrial output rate in the US, August NAHB housing market index in the US, and June commercial inventory rate in the US
Friday (August 16th): Philadelphia Fed President Huck delivers a speech, Eurozone June seasonally adjusted trade account, annualized total new home construction in July, initial value of Michigan University Consumer Confidence Index in August
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Putin speaks out loudly! There is no alternative system established for the Society for Worldwide Interbank Financial Telecommunication (SWIFT)
- The US Treasury Department is reportedly considering investigating the decline of mainstream cryptocurrency Tether, a stablecoin giant
- Global Focus Next Week: Super Financial Report Week Arrives, Multiple Countries Release Third Quarter GDP, Focus on US Non farm payroll in October
- The US economy grew slower than expected in the third quarter, and the market generally expects a 25 basis point interest rate cut next month
- Heavy data released in the United States! Nasdaq fell more than 512 points, and the "seven sisters" of technology fell across the board. Apple fell more than 1.8%. NVIDIA's market value evaporated 1.15 trillion yuan overnight
- Global highlights next week: Trump battles Harris, who will dominate the future of the United States?
- How does Wall Street prepare for the US election? Hold cash and wait outside!
- Boeing US factory workers end strike through labor contract in union vote
- How will the US presidential election affect RMB assets as offshore RMB falls by over 900 points per day? Short term RMB may come under pressure
- Harris admits defeat in speech, leaving only final suspense in US election: ownership of House of Representatives
-
2024年11月7日,由新华社新闻信息中心、新华社上海分社、新华社品牌工作办公室主办的“品牌·让世界更美好”中外品牌论坛在上海举办。此次论坛,理想汽车荣获“通用ESG企业评价规范”年度最佳品牌奖。理想汽车将 ...
- cool88817
- 昨天 19:20
- 支持
- 反对
- 回复
- 收藏
-
【别跟我提特朗普!鲍威尔发布会:无需过度解读措辞改变 民众“不觉得经济好”没错】北京时间周五凌晨3点30分,美联储主席鲍威尔举行新闻发布会,就继续降息25个基点的决定和市场热点话题回答全球媒体提问。鲍威尔在 ...
- anhao007
- 昨天 22:48
- 支持
- 反对
- 回复
- 收藏
-
何思文表示,“在进博会这个平台上,我们开启的是倾听模式,通过进博会展出各类产品,收集消费者的需求和反馈,进而帮助决定未来进口到中国的产品。过去,汽车行业的许多创新源于美国加州或欧洲。我相信,中国正 ...
- MaxLucky
- 昨天 12:44
- 支持
- 反对
- 回复
- 收藏
-
11月5日至10日,第七届中国国际进口博览会(下称“进博会”)在国家会展中心(上海)举办。在进博会期间,平安健康医疗科技有限公司(下称“平安健康”)与美敦力(上海)管理有限公司(下称“美敦力”)达成战 ...
- Hidden2
- 3 天前
- 支持
- 反对
- 回复
- 收藏