Week ahead: Fed, Nvidia, and key inflation data in focus
Global rates, sovereign yields, and risk sentiment stay in focus as Fed speakers at Jackson Hole, Nvidia earnings, July PCE, durable goods, and nonfarm payroll revisions are awaited.
The outlook on global interest rates and long-term sovereign yields will remain in the market's forefront as investors grapple with elevated energy prices, increasing deficit spending, and soaring corporate credit issuance.
The Fed's monetary policy and its holding of duration will be updated with FOMC speeches at the Jackson Hole Symposium.
Also, earnings by Nvidia will remain a bellwether for global AI demand in a period that sees ambitious outlooks clash against some skepticism of overspending on infrastructure.
Personal income and spending, PCE prices, and durable goods data for July, in addition to the annual revisions to nonfarm payrolls, are awaited.
Elsewhere, the ECB will release its meeting accounts.
Germany is due to publish consumer and business confidence indicators while Spain and France are set for CPI prints.
Meanwhile, Japan will release consumer confidence and its unemployment rate, while rate decisions are due in Korea, the Philippines, and Thailand.