This week, investors are eagerly awaiting key events and earnings reports that could impact the markets.
Key Events:
Federal Reserve Comments: Investors anticipate remarks from Federal Reserve Chairman Jerome Powell on Friday at the Jackson Hole Economic Symposium, which may offer clarity on the future of interest rates following mixed signals from other Fed officials.
DEMOCRATIC NATIONAL CONVENTION: Presidential candidate Kamala Harris is scheduled to speak on Thursday, concluding the convention.
KEY EARNINGS REPORTS:
RETAIL SECTOR: Lowe’s and Target will report earnings, following strong retail sales in July. Other major retailers such as TJX Cos, Ross Stores, and Macy’s will also release their financial results.
TECHNOLOGY SECTOR: Cybersecurity firm Palo Alto Networks and cloud data company Snowflake are among the tech firms reporting this week, with analysts closely watching Snowflake after a disappointing previous quarter.
ECONOMIC INDICATORS:
Monday: U.S. leading indicators for July will be released.
THURSDAY: Initial jobless claims for the week ending August 17 and the S&P Global flash U.S. services and manufacturing PMI for August will be published.
FRIDAY: New home sales data for July is expected.
Overall, the focus will be on the Federal Reserve’s stance on interest rates, the impact of retail earnings on consumer sentiment, and the performance of key tech firms.
Key Events:
Federal Reserve Comments: Investors anticipate remarks from Federal Reserve Chairman Jerome Powell on Friday at the Jackson Hole Economic Symposium, which may offer clarity on the future of interest rates following mixed signals from other Fed officials.
DEMOCRATIC NATIONAL CONVENTION: Presidential candidate Kamala Harris is scheduled to speak on Thursday, concluding the convention.
KEY EARNINGS REPORTS:
RETAIL SECTOR: Lowe’s and Target will report earnings, following strong retail sales in July. Other major retailers such as TJX Cos, Ross Stores, and Macy’s will also release their financial results.
TECHNOLOGY SECTOR: Cybersecurity firm Palo Alto Networks and cloud data company Snowflake are among the tech firms reporting this week, with analysts closely watching Snowflake after a disappointing previous quarter.
ECONOMIC INDICATORS:
Monday: U.S. leading indicators for July will be released.
THURSDAY: Initial jobless claims for the week ending August 17 and the S&P Global flash U.S. services and manufacturing PMI for August will be published.
FRIDAY: New home sales data for July is expected.
Overall, the focus will be on the Federal Reserve’s stance on interest rates, the impact of retail earnings on consumer sentiment, and the performance of key tech firms.