DAILY MARKET REPORT

DAILY MARKET REPORT

July’s UK consumer price index came in at a hotter-than-expected 10.1% gain for the year, the highest rate for 40 years. The higher inflation report fueled fears that the Bank of England could raise another 50 basis-point interest rate hike at its next meeting in September.

DAILY MARKET REPORT

DAILY MARKET REPORT

The retail giant Walmart (NYSE: WMT) kicks off the big retail earnings week on Tuesday. The retailer is scheduled to announce second-quarter financial results on Tuesday before the market open. Walmart is expected to post quarterly earnings of $1.62 per share and revenues are expected to be $150.9 billion.

DAILY MARKET REPORT

DAILY MARKET REPORT

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%

DAILY MARKET REPORT

DAILY MARKET REPORT

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.

DAILY MARKET REPORT

DAILY MARKET REPORT

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.