As the week progresses, investors should continue to keep an eye on developments in the smouldering trade dispute. At the same time, in addition to isolated economic data, the expected speeches by various Fed representatives in particular are likely to be exciting. It is also important to keep an eye on the reporting season, which continues to gather pace.
DAX
Source: TradingView
Trade agreement between China and the US? Investors eagerly await new appointments to the ranks of the Fed
US President Donald Trump announced additional tariffs on semiconductors and chips for next week. Trump also said that the USA was on the verge of a trade agreement with China.
Last but not least, investors are likely to be waiting for the vacant position in the ranks of the Fed to be filled. Director Adriana Kugler wants to give up her seat early.
Fed representatives in focus - Initial claims for US unemployment benefits on Thursday
There could be monetary policy stimuli today (Wednesday) from Fed representatives Lisa Cook and Susan Collins (Boston/20:00) and Mary Daly (San Francisco/22:10).
On Thursday, the weekly initial claims for US unemployment benefits are likely to attract increased attention, especially after last Friday's jobs report (14:30).
In July, only 73,000 new jobs were created outside the agricultural sector, significantly fewer than expected (110,000). At the same time, the data for May and June was revised downwards by 258,000 jobs.
Mary Daly fuels interest rate cut fantasies - Further monetary policy stimulus from Fed central bankers possible
At the beginning of the week, US central banker Mary Daly signaled that the time for an interest rate cut in the US was approaching. She pointed to increasing signs of a slowdown in the US labor market and a lack of evidence of inflation caused by tariffs.
Another Fed speech by Raphael Bostic is also expected from 16:00.
Inflation expectations (Uni Michigan) in focus on Friday - reporting season continues
On Friday, the focus will shift to the five-year inflation expectations of the University of Michigan (16:00).
From the perspective of the economic calendar, Alberto Musalem (St. Louis) rounds off the trading week (16:20).
The focus today is on the figures for the past financial quarter from Siemens Energy (ISIN: DE000ENER6Y0), Beiersdorf (ISIN: DE0005200000), Vonovia (ISIN: DE000A1ML7J1) and Zalando (ISIN: DE000ZAL1111). The results of Henkel (ISIN: DE0006048408) are expected on Thursday.
