The volatile activity that has marked September so far may not let up any time soon, as investors are on edge ahead of more key macro events that could shape the tone for trading in the weeks ahead.Shoppers pass clothing from Walmart's No Boundaries brand at a Walmart Superstore in Secaucus, New Jersey, Thursday, July 11.Investors’ focus may have shifted to U.S. employment and economic growth, but the upcoming consumer price data - due on Sept. 11 - could still cause a stir.
Economists polled by Reuters expect inflation to have risen by 0.2% in August, matching the rise the previous month.Jana Rodenbusch/Reuters Once bitten twice shy, ECB policymakers are wary of making any promises. Some hawks are still declining to commit to September. Gold is trading close to record highs around $2,500 an ounce, while oil is struggling to stay above $70 a barrel. Once again, only one can be right.People walk near the Bank of England and the Royal Exchange, in London, Britain, July 7.The Bank of England was quicker than its peers to raise interest rates in 2021 and is expected to cut them more slowly, unless important data such as the Sept. 10 monthly wages report proves reassuring.
A soft jobs report could benefit borrowers, but weaken the pound, which has boomed on bets the BoE will keep rates relatively high.
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