How will Thursday’s key events impact global markets? This article examines the ECB’s rate decision, U.S. inflation and labor market data, and the EIA natural gas inventory report. We also delve into corporate earnings from Broadcom, Costco, and RH, offering insights into the technology and retail sectors. Explore how these developments could shape financial markets in Europe,...

... weaken investor confidence in the U.S. dollar as a global reserve currency. Concerns about the U.S.'s ability to manage its debt may drive investors toward alternative assets, potentially weakening the dollar's value and affecting commodity and financial markets worldwide. Inflationary Pressures Financing debt and economic stimulus programs with borrowed funds could fuel inflation. As debt accumulates and interest rates rise, inflation expectations may intensify. Should inflation continue upward, the Fed may need to raise rates even further, which would add to debt-servicing costs and restrict borrowing for businesses ...

... continue to emphasize sustainable development. Companies adhering to ESG standards gain advantages amid growing interest in the "green" economy. BlackRock notes that this trend is not just a fad but a necessity driven by regulatory changes and increased societal awareness. Investment Recommendations: How to Adapt to the New Reality? Fixed-Income Debt Instruments In a high inflation environment, fixed-income instruments become more attractive. Investment-grade bonds, especially corporate ones, offer stability to investors. Emerging markets provide bonds with higher yields, compensating for increased risks. Infrastructure Projects Infrastructure investments are becoming a crucial focus for long-term planning. They provide stable income while also acting as a hedge against inflation....

... North American business sector and other regions. US: Energy Stocks and Inflation Expectations 17:30 (US): EIA report on natural gas stocks for the week. Changes in US gas inventory data are crucial for assessing supply and demand balance in the energy market. Significant deviations from forecasts may impact gas prices and stocks of energy companies. 18:00 (US): New York Fed consumer inflation expectations index (July). This survey reflects how American consumers anticipate price changes in the upcoming year. A rise in inflation expectations will reinforce arguments for further tightening from the Federal Reserve, while a decrease ...

... situation is developing better than forecasts, expressing confidence that by the end of the year, inflation could be reduced to around 7%. Although the current rate of approximately 10% is still higher than the target, the authorities continue to target inflation, aiming to bring it back to a medium-term objective of 4% by 2026. Macroeconomic stability and transitioning the economy to a balanced growth trajectory have been identified as priority tasks for the current year. Labor Market: Record Low Unemployment The situation in the labor market was characterized by the president as favorable. The unemployment rate in Russia has dropped to a historic low of about 2.3%. In comparison, just a year ago, unemployment stood at around ...