The week ahead promises a flurry of market-moving events, from political speeches to key economic data releases.
Former President Donald Trump will be center stage as he formally accepts the Republican nomination at the Republican National Convention. His speech is likely to draw significant attention, particularly following the recent attempted assassination.
Meanwhile, investors will be closely watching Federal Reserve Chair Jerome Powell’s interview with David Rubenstein. Powell’s comments could provide crucial insights into the Fed’s future monetary policy direction, potentially influencing market sentiment and asset prices.
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The second-quarter earnings season also kicks off in full force this week, with several major companies reporting. Strong earnings reports could boost market optimism, while weak results could lead to downward pressure on stock prices.
The European Central Bank (ECB) is expected to hold interest rates steady at its July meeting, but the press conference following the decision will likely focus on future rate hikes and economic developments in Europe.
The week also features a slew of key economic data releases, including jobless claims, retail sales, and the Fed’s Beige Book. These data releases can provide valuable information about the health of the economy, potentially influencing market sentiment and investor expectations.
Stay tuned for developments this week as markets navigate a busy landscape of events.