Here are some of the important economic data that will be the focus of the market throughout this week.
China Inflation Data (Wednesday 9.30am): China's annual consumer price index data for July reading will be watched for evaluation as the world's second largest economy. China's inflation is also predicted to increase along with the same situation for other major economies.
US Inflation Data (Wednesday 8.30pm): Investors await the release of the latest US inflation data with expectations that the numbers will fall again. If the opposite happens, concerns about the risk of economic recession will continue to surround the market.
US Producer Price Index Data (Thursday 8.30pm): Also giving an indication of the inflation rate in the US, the producer price index will also be the focus of investors. Like the consumer price index reading, this data is also projected to decline for July.
UK Gross Domestic Product Data (Friday 2.00pm): Data readings for UK economic growth are forecast to signal a contraction for July and also for the second quarter. Other economic sector data published together are also expected to record declining readings.
US Consumer Sentiment Survey Data (Friday 10:00 PM): This survey by the University of Michigan will provide insight into the financial stability of consumers in the United States. The latest reading is predicted to remain at a stable level and slightly increased compared to previous figures.
