Look ahead: UK CPI; EIA crude inventories; Tullow oil; Johnson & Johnson
UK inflation data takes centre stage, with price growth expected to slow in June, bolstering the case for an August rate cut. Meanwhile, weekly EIA crude inventories put oil in the spotlight, as do earnings from UK's Tullow Oil.
Also on the ticket will be ASML earnings and Johnson & Johnson.
(AI Video Summary)
UK economic data
In today's financial "Look ahead" presented by Chris Beauchamp, significant attention is directed towards impending UK economic reports, including the consumer price index (CPI), producer price index (PPI), and retail price index (RPI), anticipated to influence a probable Bank of England (BoE) interest rate cut in August.
The British pound's recent surge against the US dollar amidst expectations of weakening consumer prices is also highlighted. In the US, a fully expected rate cut in September is discussed in light thereof second-tier data releases and implications for the dollar index.
Earnings reports
Corporate insights focus on UK energy firms and European tech, specifically ASML's performance, along with key US earnings reports from notable firms like Johnson & Johnson and United Airlines, forecasting an intensified earnings season.
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