Daily summary

The US reported lower-than-expected US inflation numbers for July on Wednesday. The consumer price index report showed that US inflation fell to 8.5%

Online gaming platform Roblox Corporation (NYSE: RBLX) is set to report financial results for the company’s second-quarter 2022 financial results today after the market close. Roblox is expected to post a loss per share of $0.26 and revenues are expected to be $643 million.

This week the global market witnessed more aggressive rate rises by the RBA and BOE, and investors are now turning their eye on the release of US labor market data today. The US Bureau of Labor Statistics (BLS) will release the July NFP numbers today at 12.30 GMT.

Today all eyes are on the Bank of England monetary policy decision which is set to be announced at 11:00 GMT. The BOE expected to raise interest rates by 0.50% at its meeting today, its largest increase for more than 25 years.

Global markets remain shaky as investors turned cautious over U.S. House of Representatives Speaker Nancy Pelosi’s trip to Taiwan. This is the first visit by a US House Speaker to Taiwan since 1997.