The next week will bring a series of important economic indicators and central bank decisions that could impact global financial markets. The focus will be on data from the US, Canada, and the Asia-Pacific region, Bloomberg reports, writes UNN.
Details
In the US, key events will be the publication of weekly jobless claims on Thursday, new home sales data on Friday, as well as the S&P Global business activity indices, which will show the situation in the manufacturing sector and services sector in July. Meanwhile, the Federal Reserve System is in a traditional quiet period ahead of its meeting on July 28-29.
In Canada, investor attention will be focused on June inflation data. Analysts expect it to slow due to lower gasoline prices, while core inflation is likely to remain near the Bank of Canada's 2% target. Retail sales statistics will also be released.
Asia awaits central bank decisions and new inflation data
In China, on Monday, the People's Bank is to announce its decision on the benchmark lending rate. Despite the slowdown in economic growth to 4.3% in the second quarter, analysts do not expect a change in the annual rate, which currently stands at 3%.
On Wednesday, the central banks of Indonesia and Sri Lanka will make their interest rate decisions. Investors will watch them after the recent unexpected rate hikes to support national currencies.
At the end of the week, Japan will release inflation data, which could affect expectations for further normalization of the Bank of Japan's monetary policy. Singapore and Hong Kong will also present inflation figures, while New Zealand and South Korea will publish new price data, which will help assess whether the trend of slowing inflation in the region persists.
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