By Malvika Gurung
Investing.com -- The Indian market closed the August 11-ended week with losses for the third time in a row. Headline indices Nifty and Sensex declined 0.45% and 0.61%, respectively in the period amid mixed data from global as well as domestic markets.
Investors on Dalal Street will remain laser-focused on India’s CPI data for July, along with WPI numbers on the domestic economic front.
The minutes of the US FOMC meeting held on July 25 and 26, 2023, the monthly UK CPI print, and the Chinese industrial production data for July will fall among key macroeconomic releases in the global markets.
Indian markets will remain closed on Tuesday on account of Independence Day.
Amid rising inflation concerns, investors are closely monitoring the domestic CPI data for July, which is projected to show a significant increase due to rising food prices, stated Vinod Nair, Head of Research at Geojit Financial Services, in a note provided to Investing.com.
August 14
- India CPI for July: Investing.com forecast at 6.4%
- India WPI Inflation (July): forecast at -2.7%
- Japan GDP for Q2: forecast at 3.1%
- China Industrial Production (July): forecast at 4.5%
August 15
- India Trade Balance
- US Retail Sales (July): Investing.com forecast at 0.4%
- UK Average Earnings Index + Bonus (June)
- UK Claimant Count Change (July): forecast at 7.3K
- US Core Retail Sales for July
August 16
- US FOMC Meeting Minutes
- UK CPI (July): Investing.com forecast at 6.8%
- US Building Permits (July): forecast at 1.46 million
- US Industrial Production (July)
- US Crude Oil Inventories
- Japan Trade Balance (July): forecast at 24.6 billion
August 17
- US Initial Jobless Claims
- Japan National Core CPI (July): Investing.com forecast at 3.1%
- Fed's Balance Sheet
August 18
- India FX Reserves, USD
- UK Retail Sales for July