In terms of data, this week is relatively less risk heavy but post-Brexit fallouts can always compensate for that.
What to watch for over the coming days:
- US earnings season -
Once again the earnings will keep dominating the movement in S&P500 and will act as a key ingredient in the market in defining the risks. More than 90 companies listed on the S&P 500 are scheduled to report results this week, which include some of the big names like Bank of America, Morgan Stanley and Goldman Sachs, Yahoo, Netflix, Microsoft, Halliburton, Intel, Qualcomm, Schlumberger, Chipotle, and Starbucks.
- US Presidential Election -
Much anticipated Republican Party’s convention is beginning this week, on Monday. Political analysts are likely to keep a close eye on this three-day event to see whether Republican presumptive nominee Donald Trump secures the united party backing or not.
- ECB monetary policy –
European Central Bank (ECB) monetary policy decision is the most important scheduled event as it will be the central bank’s first policy meeting since the UK referendum vote. While Bank of England (BoE) has cleared its intention of easing probably in June, ECB hasn’t signaled much other than the saying that the referendum likely to weigh over growth in the Eurozone.


US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices
Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks
Malaysia Inflation Eases to 1.8% in July, Below Forecast
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 



