Inflation Data, Apple Product Launch, and Earnings Reports: What to Expect in the Markets This Week
Key Takeaways:
– The Consumer Price Index (CPI) will provide insights into inflation in August, along with consumer credit and wholesale pricing data.
– Apple is set to unveil its new AI-powered iPhone at a product launch event, while other tech companies like Nvidia, Walmart, and Advanced Micro Devices will participate in a Goldman Sachs technology event.
– GameStop earnings lead a schedule of reports, including Oracle and Adobe.
As investors gear up for another week of market activity, several key events and reports are set to shape market sentiment and influence trading decisions. Here’s a breakdown of what to expect in the markets this week.
Inflation Data Comes Ahead of Fed Meeting
The release of the August Consumer Price Index (CPI) on Wednesday will provide Federal Reserve officials with one last data point on inflation before the Federal Open Market Committee (FOMC) meeting on September 17-18. In July, price increases moderated to an annual rate of 2.9%. While the Fed is widely expected to begin cutting interest rates at the upcoming meeting, changes in inflation data could impact the pace of future rate cuts.
Following the CPI data, the Producer Price Index (PPI), which focuses on wholesale pricing, will be released on Thursday, offering insights into future inflation trends.
Anticipated Apple Product Release, GameStop Earnings, and Goldman Tech Conference Lead Corporate Events
Apple is set to kick off the week with a highly anticipated product launch event on Monday. The tech giant is expected to unveil its new AI-powered iPhone, along with new versions of the Apple Watch and AirPods. This event will undoubtedly attract significant attention from both consumers and investors.
Meanwhile, the Goldman Sachs Communacopia & Technology Conference begins on Monday, featuring top tech and finance companies. Advanced Micro Devices CEO Lisa Su will deliver remarks on the opening day, and other companies like Cisco, Nvidia, and Walmart will participate throughout the week.
GameStop’s earnings report on Tuesday will be a highlight of the corporate earnings schedule. Investors will be closely watching the performance of the video game retailer, as it navigates the evolving gaming industry landscape.
Other notable earnings reports this week include Oracle on Monday, Adobe on Thursday, Oxford Industries and Designer Brands on Wednesday, and Kroger on Thursday. These reports will provide insights into various sectors, including clothing brands, footwear sales, and the grocery store industry.
Market participants will be particularly interested in Adobe’s earnings report, as it will shed light on whether the company has been able to capitalize on its AI product offerings.
Conclusion
As the markets gear up for another week of trading, several key events and reports are set to shape market sentiment. The release of inflation data will provide insights into future rate cuts by the Federal Reserve, while Apple’s product launch event and the Goldman Sachs technology conference will attract significant attention from investors. Additionally, earnings reports from GameStop, Oracle, Adobe, and other companies will provide insights into various sectors. Stay tuned for updates and analysis as these events unfold.
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