Business Lookahead: growth, grains and megacaps
STORY: From worries over Chinese growth, to a make-or-break moment for Ukraine's grain export deal, these are the business and finance stories to watch out for in the coming days.
Recent data showed Chinese exports tumbling.
Now GDP figures may add to signs of a sputtering recovery.
Q2 numbers are forecast to show growth slowing to 0.5% in the quarter.
That will raise pressure on Beijing to step in with more stimulus measures.
G20 finance ministers are due to gather in India until Tuesday.
High on the agenda will be the soaring cost of borrowing for developing countries.
Over the past year, African nations have seen their average bond yields soar relative to U.S. debt.
The Bank of England will be keeping an eye on inflation figures.
While the headline rate has come down of late, core inflation - which excludes volatile things like food - has kept rising.
Any further jump will fuel expectations of more rate hikes.
U.S. investors will focus on megacap stocks as earnings season begins.
After a slump last year, tech giants and other big names have driven the stock market in 2023.
Among the big gainers is Nvidia, soaring on bets that its chips will drive the AI revolution.
The week will see numbers from Tesla and Netflix, among others.
And the Ukraine-Russia grain deal is due to expire on Monday.
Any failure to renew could increase prices and revive concerns over global supplies.
Moscow has threatened to ditch the deal unless the West facilitates its own exports of fertilizer and other goods.
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