Key Events to Watch This Week: US-Iran Relations Strain Again, NVIDIA Earnings Test AI Market Momentum, Powell Speech Moves the Market
BlockBeats News, August 24, This week, the global market will face multiple risk events, and the long-awaited rebound in the crypto market will face a test. Among them, the renewed tensions between the US and Iran will be the primary focus of the market. US Treasury Secretary Mnuchin stated that the Trump administration will announce new sanctions against Iran on Monday, with Trump previously warning that any country providing support to Iran could face economic consequences.
Key events this week (Beijing time):
Monday: US Treasury Secretary Mnuchin will hold a press conference on intensifying economic sanctions against Iran;
Wednesday: US July Core PCE Price Index YoY, US July Personal Spending MoM, US Q2 Advance GDP QoQ Annualized revised, US July Core PCE Price Index MoM, and other data will be released; Nvidia's earnings report will be released after the US market closes on Wednesday;
Thursday: The Jackson Hole Global Central Bank Annual Symposium will be held on August 27-29, Fed Chair Powell will deliver his first speech on August 28; Nvidia will hold an earnings conference call;
Friday: US August Chicago PMI, US 2026 Nonfarm Payrolls Benchmark Revision preliminary, US August University of Michigan Consumer Sentiment Index final, US August 1-Year Inflation Rate Expectations final.
