U.S. markets are awaiting inflation data and Cardinal Health's earnings report
U.S. stock markets will focus this week on July inflation data, as the second-quarter earnings season winds down. According to CNBC, the Consumer Price Index (CPI) for July will be released on Wednesday, August 12, and the Producer Price Index (PPI) on Thursday, August 13.
According to economists cited by FactSet, the headline CPI is expected to rise 3.4% year-over-year, while the core index—excluding food and energy prices—is projected to increase by 2.5%. The overall PPI is forecast to rise by 0.1% month-over-month, while the core index is expected to increase by 0.3%. The CPI reflects the prices paid by consumers, while the PPI measures the prices producers receive for goods at various stages of the supply chain.
CNBC also highlights data on existing-home sales, set to be released on Tuesday, August 11, and retail sales figures for July, scheduled for Friday, August 14. The retail sales data may reveal how consumer spending is changing amid rising prices.
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The article mentions July U.S. employment statistics: nonfarm payrolls fell by 23,000, although the Dow Jones consensus forecast had predicted an increase of 83,000. The unemployment rate fell to 4.1%, while the labor force participation rate dropped to 61.4%.
Among this week’s corporate events, CNBC highlights the report from Cardinal Health, a distributor of pharmaceuticals and medical supplies, which the company is set to release on Tuesday. This will be the report for the fourth quarter of fiscal year 2026, so the market will be paying close attention to the company’s outlook for fiscal year 2027. The LSEG consensus forecast calls for revenue of $65.03 billion and earnings per share of $2.42. Cardinal Health’s results may draw attention following reports from its competitors Cencora and McKesson, which last week beat expectations for revenue and earnings and raised their full-year forecasts.
