Here is a look at Wall Street this week.
Core indicators encompassing inflation and consumption are lined up one after another, starting with the Consumer Price Index (CPI) on the 12th, the Producer Price Index (PPI) on the 13th, and retail sales on the 14th.
Last weekend, the three major New York stock indices all rebounded.
The Nasdaq rose by over 1%, and the S&P 500 gained over 0.6%.
Wall Street finished higher last weekend as the July nonfarm payrolls report came in below market expectations.
With the number of jobs in July decreasing by 23,000 from the previous month, expectations spread across the market that the Federal Reserve would not rush into additional rate hikes.
Differentiation among sectors was distinct.
While AI system semiconductor companies such as Nvidia and Qualcomm enjoyed an upward trend, memory semiconductor companies declined, resulting in mixed fortunes.
This week's market focus is firmly on inflation.
In particular, the July Consumer Price Index to be released on Wednesday is a decisive variable that will determine the direction of the Fed's September monetary policy.
As expectations for price stability ran high after the June CPI recorded a monthly decline for the first time since 2020, investors' attention is concentrated on whether that trend will continue this time.
Also, attention is drawn to the preliminary figures for the August Consumer Sentiment Index and inflation expectations to be released consecutively on the 14th, while the earnings of AI infrastructure companies can also be checked.
After the market close on the 12th, Cisco will release its earnings, followed by Applied Materials on the 13th.
Market volatility is expected to increase this week as inflation indicators and major corporate earnings announcements overlap.
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