Monday Morning Must-Knows July 10, 2023

Ready for a Wild Ride? This upcoming week may be volatile.

Inflationary data will be released, including the Consumer Price Index (CPI) on Wednesday and the Producer Price Index (PPI) on Thursday. Consumer prices have shown a decline, potentially influenced by rate increases, while producer prices have dropped, potentially leading to better profit margins for businesses. This disparity could be reflected in company earnings during the season.

The week ahead features earnings reports from WD-40, Goose, Delta Airlines, PepsiCo, Con Agra Brands, and Fastenal. Major financial firms like JP Morgan, Citigroup, Wells Fargo, BlackRock, State Street, and United Health Group kick off the earnings season on Friday.

The Reserve Bank of New Zealand is likely to keep rates at 5.5% on Tuesday, while the Bank of Canada may raise rates by 25 basis points on Wednesday, potentially influenced by US market movements.
Overall, these events make for a potentially volatile week ahead.

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