Markets are eagerly anticipating key inflation data
13 September 2022 | Admin
The Week Ahead
A recovery in the global equities and crude oil prices, which climbed around 4% on Friday, might buoy the regional markets. Going forward, crude oil prices could find support from probable lower supplies as Russia warns Europe it will stop its Oil & Gas exports if a price cap is imposed due to the Ukraine war. Yet, an overall subdued environment might prevail, given the ongoing COVID-19 lockdowns in China and the upcoming US Fed meeting.
It is all about inflation in the US, and Wall Street is looking for further signs that pricing pressures are easing. Other vital data includes Fed regional surveys and September's preliminary consumer sentiment report. European Commission President Ursula von der Leyen will deliver her state of the European Union address to the European Parliament on Wednesday, to which investors will closely pay attention.