Key Market Mover of the Week: U.S. Inflation Takes Center Stage

Market Movers of the Week: July 8th to 12th

This week, investors around the world are closely watching a series of key economic indicators that could significantly impact global markets.
One of the most anticipated events is the release of the US inflation data, as investors seek clues about a potential Federal Reserve interest rate cut.

Notable Updates on the Radar

Aside from the US inflation data, there are several other important updates that will be under the spotlight.
These include the consumer price index reports from Germany, France, and China, as well as the GDP data from the United Kingdom.
For Italy, market watchers will be paying close attention to the industrial production figures for June.

Let’s take a detailed look at the key market movers scheduled for the week of July 8th to 12th:

Monday, July 8th

• 08:00 – EUR: Germany’s Trade Balance
• 12:00 – EUR: Eurogroup Meeting

Tuesday, July 9th

• 12:00 – EUR: Eurogroup Meeting
• 17:00 – USD: Testimony of Fed Chair Powell

Wednesday, July 10th

• 03:30 – CNY: China’s Consumer Price Index (CPI)
• 10:00 – EUR: Italy’s Industrial Production
• 13:00 – USD: OPEC Monthly Report
• 16:30 – USD: US Crude Oil Inventories

Thursday, July 11th

• 08:00 – GBP: UK Gross Domestic Product (GDP)
• 08:00 – GBP: UK Manufacturing Production
• 08:00 – EUR: Germany’s Consumer Price Index (CPI)
• 14:30 – USD: US Consumer Price Index (CPI)
• 14:30 – USD: US Initial Jobless Claims

Friday, July 12th

• 14:30 – USD: US Producer Price Index (PPI)
• 16:00 – USD: Preliminary University of Michigan Consumer Sentiment Index

These market movers have the potential to cause significant movements in various asset classes.
Investors are advised to stay informed and closely monitor these economic events throughout the week.