US stocks may remain range-bound tonight ahead of NVIDIA's earnings. The PCE price index, comments from Fed officials and developments involving diplomatic missions are expected to influence the market.
The US stock market on the 26th is likely to see a stronger wait-and-see mood ahead of earnings announcements from major companies, including NVIDIA. The earnings results and outlook could influence market trends, particularly among semiconductor stocks.
Attention is focused on the release of the US July PCE price index. The year-on-year increase in the deflator is expected to be 3.6%, according to the market consensus, slowing from 3.7% the previous month. The core deflator is expected to rise 3.3%.
With Fed Chair Warsh scheduled to speak at the Jackson Hole symposium, investors are expected to be cautious about his comments, making aggressive buying less likely.
The US has reportedly begun returning personnel to some diplomatic missions amid developments in the Middle East. This is attracting attention as a possible sign of easing tensions in the region.