Data on inflation in the United States this week will be a key factor for Wall Street ahead of the U.S. Federal Reserve meeting on interest rates, the results of which are expected on September 17, writes The Wall Street Journal. The stock market expects the regulator to resume rate cuts in September, but the pace of further easing of monetary policy remains uncertain, the newspaper notes.

In Europe, investors will follow the vote of confidence in the French government amid disagreements on the budget, as well as the European Central Bank's decision on the interest rate. In Asia, the focus will be on macroeconomic data from China.

This week's corporate disclosure calendar will be even less busy than last week's, according to Yahoo Finance. The focus will be on the financial results of Oracle (artificial intelligence giant), Adobe (developer of Photoshop ) and Kroger (one of the largest retailers in the United States). Barron's also turns its attention to Apple's Sept. 9 presentation, where the company is expected to unveil a new line of smartphones and may show off updated gadgets.

On Monday, Sept. 8, a vote of confidence in the French government over the budget will be a key event for bond markets and eurozone currencies. "In France, a vote of confidence in the government on Monday could set the tone for market dynamics early in the week," Tickmill Group's Patrick Munnelly wrote to clients.

China released its export data for August. They show how the trade war with the US is hitting Chinese exporters. According to the General Administration of Customs of the People's Republic of China, shipments of goods abroad in August increased by 4.4% in annual terms, while the forecast growth of 5%. This is the slowest rate of growth in the index since February, Trading Economics noted. On Aug. 11, the world's two largest economies extended a 90-day trade truce that involves 30% U.S. duties on Chinese imports and 10% Chinese duties on U.S. goods. But the two countries seem to be having trouble finding a way out of the situation, according to Reuters.

On Tuesday, September 9, Apple is expected to unveil new iPhone 17 models, including the ultra-thin iPhone 17 Air. The Apple Watch 11 smartwatch and AirPods Pro 3 headphones may also be announced.

GameStop, Oracle, Puig Brands, Rubrik, SailPoint and Synopsys will release quarterly earnings.

On Wednesday, September 10, the U.S. Bureau of Labor Statistics (BLS) will release data on U.S. producer selling prices for August. They will show whether inflationary pressures in the manufacturing sector are gaining momentum because of the duties. Economists on average forecast the Producer Price Index (PPI) to rise 3.3% year-over-year, the same as in July.

China will release consumer price data for August, which will either allay or confirm deflation fears. Food and energy could remain the main deflationary drivers in August, HSBC suggested, citing lower pork and oil prices.

Chewy and Inditex will report earnings.

On Thursday, September 11, the BLS will release U.S. inflation data for August. The consensus estimate calls for consumer prices (CPI) to rise at an annualized rate of 2.9%. This is 0.2 percentage points higher than in July. The core CPI indicator (excluding food and energy prices), according to Wall Street expectations, should grow by 3.1% in August, the same as a month earlier.

The European Central Bank will make a decision on the interest rate. The market has little doubt that the regulator will keep the deposit rate at 2%. Therefore, investors will be looking for hints on the prospects for rate changes in the coming months, especially given the risks to the eurozone economy from high U.S. trade duties, WSJ writes.

The Central Bank of Turkey will also announce its decision on the interest rate. Investors estimate 85% probability of its decrease by 2 p.p., down to 41%. At the previous meeting in July, the Turkish Central Bank cut the rate for the first time since March - and immediately by 3 p.p., stronger than the market expected.

Last quarter's financials will be revealed by Adobe and Kroger.

On Friday, September 12, the University of Michigan will release data on the U.S. consumer confidence index for September. Economists forecast the value at 59.3 points, which is one point higher than in August, but significantly below historical levels.

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

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