Weekly Outlook: Aug 12 – Aug 16: US and UK CPIs, AU Jobs data and Norges Bank Decision
With investors trying to figure out whether and how aggressively the Fed may continue easing, this week, focus is likely to turn to the US CPIs for July. We get inflation data from the UK as well, where a slowdown may revive speculation that the BoE could abandon its hiking bias soon. In Australia, the spotlight is likely to fall on the employment data as market participants try to gauge the timing of the RBA’s next potential cut. We also have a Norges Bank decision, where it would be interesting to see whether the Bank would maintain plans with regards to further rate increases this year.
On Monday, the calendar is almost empty, with no major economic events or data scheduled.
On Tuesday, during the Asian morning, the NAB business survey for July is coming out. Although this is not a major market mover, bearing in mind the RBA’s emphasis on the labor market, we will...
Read the full financial markets weekly outlook on JFD Research.