After the speech of the head of the U.S. Federal Reserve Jerome Powell in Jackson Hole, which strengthened Wall Street's confidence in lowering interest rates in September, the focus of investors this week will be a key indicator of inflation for the U.S. regulator, writes Barron's.

Corporate earnings disclosure season is also underway, with the quarterly report from Nvidia - the market leader in artificial intelligence chips and the world's most valuable public company - set to test the summer rally that has taken U.S. stock prices back to record highs, Yahoo Finance announces.

On Monday, August 25, the U.S. Census Bureau will release statistics on demand for new construction for July. According to the FactSet consensus estimate, seasonally adjusted sales of new detached homes rose to 650,000 last month from 627,000 in June.

The quarterly report will be published by PDD Holdings.

On Tuesday, August 26, the U.S. Census Bureau will release a report on durable goods orders for July. Wall Street is forecasting a 3.5% decline in new orders from the previous month. Durable goods orders fell 9.4% in June.

Conference Board will publish the August consumer confidence index in the world's largest economy. Economists on average forecast 97 points compared to 97.2 in July.

Earnings will be reported by Box, Okta and PVH.

On Wednesday, August 27, China will release data on industrial profits for July. ING analysts believe that Chinese corporate earnings will remain under pressure until at least the end of 2025. According to them, the authorities' measures to curb deflationary price wars will be a key factor in reducing corporate losses and overcapacity, but this process will be "very gradual", The Wall Street Journal writes with reference to the largest bank in the Netherlands.

Nvidia is the last of the "Magnificent Seven" tech giants to report its quarterly results. Analysts polled by FactSet forecast sales to increase nearly 53% to $45.81 billion last quarter and adjusted earnings to rise to $1 per share from $0.68 a year earlier, Barron's reports.

BYD, Chewy, CrowdStrike, Five Below, HP, Kohl's, NetApp and Snowflake will also report quarterly earnings.

On Thursday, August 28, the U.S. Bureau of Economic Analysis (BEA) will release its second preliminary estimate of U.S. GDP for the second quarter. According to the first estimate, the world's largest economy grew at an annualized rate of 3%.

The EU will release consumer and business confidence data for August.

Best Buy, Brunello Cucinelli, Dell, Dollar General, Dick's Sporting Goods, Gap, Marvell, Pernod Ricard, Petco, SentinelOne and Ulta will report quarterly results.

On Friday, August 29, the BEA will release Personal Consumption Price Index (PCE) data for July. The FactSet consensus forecast suggests that PCE rose 0.2% from June. The Core PCE index, which excludes volatile food and energy prices, is expected to have increased 0.3% from the previous month and 2.9% on an annualized basis.

Last quarter's earnings will be reported by Alibaba.

This article was AI-translated and verified by a human editor

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