STORY: Here’s what to watch in the world and business and finance in the week to July 15
Currency traders will stay focused on the dollar, which is crushing all rivals.
The greenback is now at 20-year highs against the euro.
Wednesday’s U.S. inflation data could fuel bets on more Fed rate hikes - and drive the dollar yet higher.
The turmoil in UK politics has so far left markets pretty unmoved.
That could change next week if new finance minister Nadhim Zahawi shows signs of cutting taxes.
GDP data on Wednesday may only deepen gloom over growth.
U.S. banks kick off second-quarter results season, and it’s not looking pretty.
Refinitiv estimates predict a 20% slide in earnings for financial firms
As the economy cools, banks are being hit by rising loan losses and falling fee income.
Chinese GDP numbers will reveal the cost of its draconian lockdowns.
Economists say the official target of 5.5% growth looks out of reach.
And the global rush of rate hikes may roll on.
New Zealand and Canada are both forecast to see increases.
But with growth going soft, economists will look for any hints of caution about further hikes.