US and German Inflation, Cisco Earnings Dominate Market Watch

The upcoming week will be marked by several key economic and company events that could impact market sentiment. Inflation readings from the US and Germany will provide insights into the pace of price growth, while Cisco Systems' earnings report is expected to showcase strong financials.

According to forecasts, the US consumer price index (CPI) will show a 0.2% rise in July, following a 0.4% decline in June. The annual inflation rate is projected to ease to 3.4% from 3.5%, with core CPI expected to increase 0.2% month-on-month and slow to 2.5% year-over-year.

Meanwhile, Germany's preliminary CPI data revealed a sharp acceleration in July, with prices rising 0.8% month-on-month and 2.8% year-over-year. Analysts forecast both measures to remain unchanged in the final reading, but this could have significant implications for European Central Bank rate hikes.

Cisco Systems is set to report its fiscal fourth-quarter results on Wednesday, with earnings expected to rise 18.2% to $1.17 a share and revenue projected to increase 14.7% to $16.8 billion. The stock's technical chart shows resistance near $130 and support around $110.