Investors Brace for 1.5% U.S. GDP Print and Nvidia Earnings in Week of Aug. 24
Updated
Updated · The Globe and Mail · Aug 22
Investors Brace for 1.5% U.S. GDP Print and Nvidia Earnings in Week of Aug. 24
3 articles · Updated · The Globe and Mail · Aug 22
Summary
Wednesday anchors the week with U.S. real GDP, core PCE and durable-goods data, alongside Nvidia, Salesforce and CrowdStrike earnings that could shape rate and tech-market expectations.
Consensus calls for annualized U.S. GDP growth of 1.5%, GDP prices at 6.2% and core PCE up 0.2% on the month and 3.3% from a year earlier.
Tuesday adds housing and consumer signals, including Case-Shiller home prices, new home sales and Conference Board confidence, plus results from BMO, Scotiabank, Intuit and Zoom.
Thursday shifts to labor and policy with U.S. jobless claims seen at 208,000 and Jackson Hole opening before Fed Chair Kevin Warsh speaks Friday.
The week also brings Canada Q2 GDP, Germany and euro zone data, China industrial profits and Japan inflation, giving investors a broad read on global growth and pricing pressures.