Weekly Comment - Fed meeting and a barrage of data coming up
- Marios Hadjikyriacos
- It’s a huge week on the data front too, with America and the Eurozone reporting GDP numbers for the second quarter.
- Inflation readings will also be released in Australia, Canada, the US, and the euro area.
- In commodities, oil prices had an extremely volatile week as OPEC finally agreed to raise its production as the Delta variant hit the outlook for demand. Meanwhile, gold prices lost altitude as the dollar firmed and real yields rebounded.
- Finally, the earnings season will kick into top gear with Apple, Microsoft, Tesla, Google, Facebook, and many others releasing their quarterly results.
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