Global Markets Eye Volatile Week Amid Oil Price Worries and Geopolitics

The global markets are bracing for a volatile week ahead of key events that could impact investor sentiment. Crude oil prices and geopolitical tensions, particularly the US-Iran conflict, will remain top drivers in market movements. The Jackson Hole symposium is set to take center stage, with investors eagerly awaiting comments from US Federal Reserve Chairman on interest rates.

Ajit Mishra, SVP of Research at Religare Broking Ltd, noted that 'investors will closely monitor the Jackson Hole symposium, particularly comments from the US Federal Reserve Chairman, for indications on the future trajectory of interest rates.' He added that US GDP estimates, durable goods orders, and consumer confidence will provide important clues on the strength of the US economy.

Ponmudi R, CEO of Enrich Money, stated that 'against a backdrop of volatile long-dated Treasury yields, Fed Chair Kevin Warsh's address at the Jackson Hole symposium will be closely scrutinized for clues on how the central bank is weighing persistent inflation risks against signs of a softer labor market ahead of its September policy meeting.'

Foreign portfolio investors have been buying Indian equities aggressively this month, infusing Rs 23,544 crore so far in August. Analysts predict that the BSE benchmark Sensex may consolidate with marginal recovery expected in the near term.