What to Expect in the Week Ahead (AVGO and NIO Earnings; U.S. Jobs Report and Inflation Data)
USA's July PCE inflation rose moderately, paving the way for a rate cut next month.
①In July, the overall PCE price index increased by 2.5% year-on-year, with an expected 2.6%; the month-on-month increase was 0.2%, in line with expectations. ② The impact of this report may be insignificant, but it does confirm what Fed Chairman Powell said, with the focus potentially being on employment trends, as people believe that the inflation trend may continue towards the 2% target.
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Harris completely reverses the "Biden decline": Leading Trump in all polls, with the lead steadily expanding.
Since taking over the Democratic Party's campaign banner at the end of July, Harris has swept away the previous decline of Biden, with steadily rising support rates. Almost all mainstream polls now determine that Harris is currently in a leading position, and has completely reversed the situation in the 'swing states'. The sudden change in the situation has further raised the importance of the September debate.
