The markets are facing what could be the week of truth. For investors, the real test of endurance and thus a potential stress test may now be imminent. While the Iran conflict could unleash new geopolitical risks at any time and the central bankers' summit in Jackson Hole could recalibrate interest rate expectations, Nvidia's earnings are likely to become the litmus test for the AI narrative. These quarterly results are expected on Wednesday evening after the US market closes.
DAX chart on a monthly basis
Between Jackson Hole meeting and Iran war – Impulses possible
The annual central bankers' meeting in Jackson Hole, in the US state of Wyoming, will take place from August 27 to 29. Central bankers and economists from all over the world come together to discuss topics such as future monetary policy.
The US has announced new sanctions against Tehran that will affect not only the country itself, but also its trading partners. According to US Treasury Secretary Scott Bessent, this is intended to cut off sources of revenue. The focus is on Iran's important oil market. Bessent also spoke of a so-called „economic D-Day.“.
Some US economic data in focus on Wednesday – US price data could send monetary policy impulses
On the US side, investors on Wednesday will focus on the core personal consumption expenditures price index, durable goods orders, and the GDP growth rate (2:30 PM).
GfK consumer sentiment will be in focus on Thursday (08:00 AM).
All eyes on Kevin Warsh on Friday – „Jackson Hole“ in focus
On Friday, a speech by Fed Chair Kevin Warsh is likely to be in the spotlight in particular (4:00 p.m.), which investors should scan for monetary policy clues. A speech by Fed Chair Kevin Warsh is expected on Friday at 4:00 p.m., which is likely to be the highlight of the central bankers' meeting.
US earnings season is coming to an end: NVIDIA figures likely to cause a stir
On Wednesday, after the US market close, potential market drivers await investors with the results of NVIDIA's (ISIN: US67066G1040) past fiscal quarter.
NVIDIA chart on a monthly basis
