Markets face a pivotal week as August CPI and Oracle's earnings approach, while diesel prices near a record high. Apple's new product launches are also drawing market attention.
This week, the U.S. market will assess the possibility of a Federal Reserve rate hike in September against the backdrop of strong August employment data. With the release of August CPI and PPI figures also ahead, trends in inflation indicators will be closely watched as an input into monetary policy decisions.
Oracle is scheduled to report quarterly earnings on Thursday, while concerns over the company's substantial debt to fund data-center expansion have weighed on its share price. Adobe and Macy's are also expected to report earnings on the same day.
Diesel prices have risen to $5.85 per gallon, with reports indicating that they may be set to reach a new record high. The backdrop includes supply constraints stemming from escalating tensions in the Middle East and the situation in Ukraine, as well as depressed inventory levels.
Apple's annual event is scheduled for Wednesday, with the company expected to announce the iPhone 18 series and new foldable devices. This could also affect the performance of technology stocks.