Global markets are heading into a week packed with event risk, with BlockBeats highlighting renewed tension between the United States and Iran as the first major factor on traders’ radar. U.S. Treasury Secretary Bessent said the Trump administration will announce new sanctions on Iran on Monday, after Trump had warned that any country providing support to Iran could face economic consequences.
The week also includes a cluster of U.S. macro releases that could shape expectations across risk assets, including crypto. On Wednesday, investors are set to watch July core PCE inflation data, July personal spending, and the revised annualized quarterly reading for second-quarter real GDP. Nvidia’s earnings will also arrive after the U.S. stock market closes that day, followed by its earnings call on Thursday.
Attention will then shift to the Jackson Hole global central banking symposium, scheduled for Aug. 27 to Aug. 29. Federal Reserve Chair Waller is due to deliver his first speech there on Aug. 28. Friday’s calendar includes the August Chicago PMI, the preliminary 2026 benchmark revision to nonfarm payrolls, the final August University of Michigan consumer sentiment reading, and the final one-year inflation expectations reading for August.
Global markets face a heavy slate of risk events this week, and BlockBeats said the long-awaited rebound in crypto will be tested.
Renewed tension between the United States and Iran is the top issue drawing market attention. U.S. Treasury Secretary Bessent said the Trump administration will unveil new sanctions on Iran on Monday. Trump had earlier warned that any country providing support to Iran could face economic consequences.
Key events to watch this week
All times below are in Beijing time, according to BlockBeats:
- Monday: U.S. Treasury Secretary Bessent will hold a press conference on specific actions to step up economic sanctions on Iran.
- Wednesday: The U.S. will release the July core PCE price index year-over-year reading, the July personal spending month-over-month reading, the revised annualized quarterly growth rate for second-quarter real GDP, and the July core PCE price index month-over-month reading. Nvidia will report earnings after the U.S. stock market closes.
- Thursday: The Jackson Hole global central banking symposium will run from Aug. 27 to Aug. 29. Federal Reserve Chair Waller will deliver his first speech on Aug. 28. Nvidia will also hold its earnings call.
- Friday: Markets will get the August Chicago PMI, the preliminary 2026 benchmark revision to nonfarm payrolls, the final August University of Michigan consumer sentiment reading, and the final August one-year inflation expectations reading.
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