Most important 3 things to watch in markets in the next week

1- Consumer Price Index Data:
– The Consumer Price Index (CPI) data for July is expected to show that inflation has approached the Federal Reserve’s annual target of 2%.
– However, a weak report may reinforce recession fears, potentially sparking new market volatility. The economic calendar also includes July’s retail sales figures, along with the weekly report on initial jobless claims.

2- Oil Prices:
– Oil prices posted gains last week following comments from Federal Reserve officials that they might cut interest rates in September, easing demand concerns. Meanwhile, fears of an escalating conflict in the Middle East continue to heighten supply risks.
– Concerns about a possible recession have eased, boosting demand expectations. At the same time, geopolitical tensions in the Middle East have fueled fears that global crude oil supplies may decrease.

3- UK Data:
– The United Kingdom is set to release a series of economic data that will impact monetary policy expectations for the coming months.
– Wage growth data is scheduled to be released on Tuesday, followed by inflation figures the next day.
– Monthly GDP data, set to be released on Thursday, is expected to show no growth in June, but the economy is expected to have expanded by 0.6% in the second quarter.
– Retail sales data for July is expected to rise on Friday after declining in the previous month.
– The Bank of England cut interest rates for the first time since 2020 earlier this month, and markets are currently pricing in about a 33% chance of another quarter-point cut at its September meeting.

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