Market Focus Shifts to Economic Data and Earnings

The upcoming week is packed with economic reports and corporate earnings that will likely grab market attention. On Monday, investors can expect data on the U.S. Chicago Fed National Activity Index for July.

Tuesday's schedule includes Germany's GDP and business climate figures, as well as the release of U.S. ADP employment numbers for August 8. The consensus projects a four-week average change of 0.1 per cent.

The S&P CoreLogic Case-Shiller Home Price Index (20 city) for June is also due on Tuesday, with expectations of a 0.1 per cent rise from May and a year-over-year increase of 1.8 per cent.

On Wednesday, the U.S. real GDP and GDP price index will be released, with consensus projections of annualized rate increases of 1.5 per cent and 6.2 per cent, respectively. Additionally, personal spending and income data for July will be available, with expected month-over-month gains of 0.1 per cent and 0.2 per cent.

The week's earnings include Bank of Montreal, Bank of Nova Scotia, Intuit Inc., Zoom Video Communications Inc., CrowdStrike Holdings Inc., EQB Inc., HP Inc., National Bank of Canada, Nvidia Corp., Paladin Energy Ltd., Salesforce Inc., Autodesk Inc., Canadian Imperial Bank of Commerce, Kraken Robotics Inc., Lululemon Athletica Inc., Marvell Technology Inc., Royal Bank of Canada, Toronto-Dominion Bank, and Laurentian Bank of Canada.