Inflation Data, Micron Earnings: What to Watch This Week
This week brings key US inflation data, earnings from Micron and FedEx, and Qualcomm's investor conference which may reveal details of a major data-center contract.
Investors are bracing for a busy week with key economic data and corporate earnings, with a focus on the chip sector and inflation.
What to Watch This Week
US Inflation Data
The June Consumer Price Index (CPI) and Producer Price Index (PPI) are due, offering clues on inflation trends and the Fed's rate path.
Micron Earnings (MU)
Micron Technology, the latest trillion-dollar semiconductor company, reports quarterly results. Analysts expect strong revenue growth driven by AI demand for memory chips.
Qualcomm Investor Conference (QCOM)
Qualcomm is expected to provide more details on its contract with a major data-center customer, potentially boosting investor confidence in its diversification beyond smartphones.
FedEx Earnings (FDX)
FedEx reports quarterly results, with focus on shipping demand, e-commerce trends, and the impact of a slowing global economy.
What This Means for Investors
This week is packed with events that could set the tone for markets in the second half of the year. Inflation data will drive rate expectations, while Micron and FedEx earnings offer insights into tech and logistics health.
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