Warsh's Comments and Venezuela's Exit: A Week of Market Volatility

This week's markets are expected to react to US Federal Reserve chair Kevin Warsh's comments at the Jackson Hole economic symposium, where he stated that the Fed has 'work to do' if inflation does not move to 2%, raising the odds for a quarter-point rate hike in mid-September.

Chinese President Xi Jinping is attending the Shanghai Cooperation Organisation (SCO) annual summit in Bishkek, Kyrgyzstan, along with leaders such as Russian President Vladimir Putin and Indian Prime Minister Narendra Modi.

OPEC's cohesion may be put to the test if Venezuela considers leaving the organization, which could lead to greater participation by international oil companies in rebuilding Venezuela's oil industry and production capacity.

Investors are also watching for Nasdaq-listed Broadcom Inc's earnings release on September 3, following a stronger-than-expected earnings report from Nvidia last week.