- Three macro considerations are shaping the investment climate: the evolution of the virus and the response, the timeframe of the Fed's tapering, and China's broad regulatory crackdown.
- China is doing what some of its critics were struggling to accomplish, namely, discourage further integration of China into the global capital markets.
- The high-frequency data highlight of the week ahead is the US employment report. Once again, some economists are forecasting an increase of more than a million jobs in July.
- A robust employment report would mean the earliest window for the Fed to signal its intention on the pace and composition of its bond-buying would be the Jackson Hole conference at the end of August.
For further details see:
Challenging Week Ahead