Week ahead: Big US bank earnings; PepsiCo; Consumer confidence; inflation
JPMorgan Chase, Citigroup, Wells Fargo and Bank of New York Mellon kick off the earnings season alongside PepsiCo.
US stocks are seen extending their recent run of record highs after US jobs growth moderated in June, while the unemployment rate rose slightly.
Plus, look out for consumer confidence figures both sides of the Atlantic, and inflation from China.
(AI Video Summary)
Earnings season and economic data
The "Week ahead" is packed with significant financial events and data releases. The US enters earnings season with major banks reporting, gaining focus amid low market volatility. Key economic data include US, German, and UK inflation numbers, trade balances, and US crude oil inventories, potentially impacting oil prices and inflationary trends.
Interest rates and consumer sentiment
Interest rates and consumer sentiment indicators across various countries will also be closely watched, giving insights into future monetary policies and economic outlooks. The political backdrop includes discussions on a recent UK election and its implications on markets.
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